SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0151%/8h= +16.5% APRnext payment +$1.51 per $10,000 · paid last 24h +0.014%

Price spread now: BingX against KuCoin+0.166%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1521.522% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days−0.156%−$16 · spread now +0.166%, 7d avg +0.016%

Together, before fees−0.170%−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BingX is 0.150% dearer against KuCoin than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SANDUSDTM	0.04218	−0.0180	get 0.0180% / 8h	2h 02m	$2.6M	$363K	50x
Short	BingX SAND-USDT	0.04225	−0.0029	pay 0.0029% / 8h	2h 02m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BingXbpOrdersPrice spread, now +0.166%Rate

Funding earned: $31.71
Price spread: +0.166% → +0.016%: $14.98
Slippage, 4 orders: −$130.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$105.53
Costs to cover: 1.522%
Break-even: 30.3 days

Slippage from KuCoin: live order book, 5 min ago; BingX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 5 min ago	13.06 bp	52.6 bp −$53	183.5 bp −$1,835	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	4.74 bp	18.1 bp −$18	29.1 bp −$291	168.7 bp −$16.9K	468.2 bp −$234.1K

SAND on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid SAND	−0.0517%	1h	0.04220	+0.047%	$585K	$328K	5x	as long as short
Aster SANDUSDT	−0.0364%	8h	0.04225	+0.154%	$14K	$16K	10x	as long as short
Variational Omni SAND	−0.0356%	8h	0.04219	+0.018%	$115K	$4K	—	as long as short
Binance SANDUSDT	−0.0275%	8h	0.04224	+0.144%	$6.8M	$13.0M	75x	as long as short
Extended SAND-USD	−0.0272%	1h	0.04223	+0.114%	$6K	$228K	10x	as long as short
MEXC SAND_USDT	−0.0271%	8h	0.04224	+0.142%	$11.4M	$1.9M	200x	as long as short
BloFin SAND-USDT	−0.0246%	8h	0.04222	+0.095%	$327K	$140K	75x	as long as short
Bitget SANDUSDT	−0.0234%	8h	0.04230	+0.284%	$1.7M	$548K	10x	as long as short
KuCoin SANDUSDTMlong	−0.0180%	8h	0.04218	long leg	$2.6M	$363K	50x
OKX SAND-USDT-SWAP	−0.0165%	8h	0.04224	+0.142%	$1.7M	$3.2M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SANDUSDT	−0.0041%	8h	0.04227	+0.213%	$3.5M	$3.8M	75x	as long as short
BingX SAND-USDTshort	−0.0029%	8h	0.04225	+0.166%	—	$2.4M	—
Gate SAND_USDT	−0.0001%	8h	0.04224	+0.142%	$486K	$672K	75x	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−2.110%	$757	$795	5.5x	as long as short
Kraken Futures PF_SANDUSD	+0.0110%	1h	0.04232	+0.328%	$159K	$104K	25x	as long as short