Funding you earn now, next payment 16:00 UTC−0.0121%/8h= −13.3% APRnext payment −$1.21 per $10,000 · paid last 24h −0.013%
Price spread now: BloFin against KuCoin−0.094%110s7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1111.109% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.094%, 7d avg +0.041%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.134% cheaper against KuCoin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.041%). Swap the legs. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SANDUSDTM | 0.04264 | −0.0423 | get 0.0423% / 8h | 7h 17m | $2.6M | $427K | 50x |
| Short | BloFin SAND-USDT | 0.04260 | −0.0544 | pay 0.0544% / 8h | 7h 17m | $338K | $152K | 75x |
KuCoin SANDUSDTM
BloFin SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.43
- Price spread: −0.094% → +0.041%
- −$13.43
- Slippage, 4 orders
- −$86.9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$149.76
- Costs to cover
- 1.109%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 9 min ago; BloFin: live order book, 58 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, 9 min ago | 11.85 bp | 47.3 bp −$47 | 146.9 bp −$1,469 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 58 min ago | 2.36 bp | 14.7 bp −$15 | 28.2 bp −$282 | 100.5 bp −$10.1K | doesn't fit |
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 | −0.0629% | 1h | 0.04264 | +0.009% | $586K | $334K | 5x | as long as short |
| Aster SANDUSDT | −0.0600% | 8h | 0.04268 | +0.101% | $15K | $19K | 10x | as long as short |
| Variational Omni SAND | −0.0579% | 8h | 0.04263 | −0.014% | $117K | $4K | — | as long as short |
| BloFin SAND-USDTshort | −0.0544% | 8h | 0.04260 | −0.094% | $338K | $152K | 75x | |
| Binance SANDUSDT | −0.0523% | 8h | 0.04268 | +0.101% | $7.1M | $13.9M | 75x | as long as short |
| MEXC SAND_USDT | −0.0522% | 8h | 0.04269 | +0.117% | $11.4M | $2.0M | 200x | as long as short |
| Extended SAND-USD | −0.0520% | 1h | 0.04268 | +0.090% | $4K | $223K | 10x | as long as short |
| Bybit SANDUSDT | −0.0475% | 8h | 0.04270 | +0.141% | $3.7M | $4.1M | 75x | as long as short |
| KuCoin SANDUSDTMlong | −0.0423% | 8h | 0.04264 | long leg | $2.6M | $427K | 50x | |
| OKX SAND-USDT-SWAP | −0.0324% | 8h | 0.04268 | +0.094% | $1.6M | $3.4M | 50x | as long as short |
Hyperliquid SAND
Aster SANDUSDT
Variational Omni SAND
Binance SANDUSDT
MEXC SAND_USDT
Extended SAND-USD
Bybit SANDUSDT
OKX SAND-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SANDUSDT | −0.0258% | 8h | 0.04263 | −0.023% | $1.8M | $532K | 10x | as long as short |
| Gate SAND_USDT | −0.0222% | 8h | 0.04268 | +0.094% | $504K | $627K | 75x | as long as short |
| BingX SAND-USDT | −0.0184% | 8h | 0.04266 | +0.047% | — | $2.4M | — | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −3.166% | $757 | $795 | 5.5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0043% | 1h | 0.04281 | +0.397% | $162K | $104K | 25x | as long as short |
Bitget SANDUSDT
Gate SAND_USDT
BingX SAND-USDT
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSD