Funding you earn now, next payment 08:00 UTC+0.0225%/8h= +24.7% APRnext payment +$2.25 per $10,000 · paid last 24h −0.002%
Price spread now: Bybit against KuCoin+0.047%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1171.170% of the position
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 7 days−0.033%−$3 · spread now +0.047%, 7d avg 0.000%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bybit is 0.048% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of 0.000%. Mind the row above: over the last 7 days funding on this pair cost −0.123%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.123% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SANDUSDTM | 0.04212 | −0.0307 | get 0.0307% / 8h | 59m 48s | $2.6M | $386K | 50x |
| Short | Bybit SANDUSDT | 0.04214 | −0.0082 | pay 0.0082% / 8h | 59m 48s | $3.6M | $4.0M | 75x |
KuCoin SANDUSDTM
Bybit SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $47.29
- Price spread: +0.047% → 0.000%
- $4.79
- Slippage, 4 orders
- −$93.98
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$64.89
- Costs to cover
- 1.170%
- Break-even
- 16.6 days
Slippage from KuCoin: live order book, 7 min ago; Bybit: live order book, 3 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, 7 min ago | 11.86 bp | 45.5 bp −$45 | 144.1 bp −$1,441 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.37 bp | 13.5 bp −$13 | 37.5 bp −$375 | doesn't fit | 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 | −0.0992% | 1h | 0.04211 | −0.014% | $582K | $329K | 5x | as long as short |
| Aster SANDUSDT | −0.0462% | 8h | 0.04214 | +0.043% | $14K | $16K | 10x | as long as short |
| BloFin SAND-USDT | −0.0394% | 8h | 0.04209 | −0.071% | $331K | $140K | 75x | as long as short |
| Variational Omni SAND | −0.0392% | 8h | 0.04208 | −0.101% | $115K | $4K | — | as long as short |
| Extended SAND-USD | −0.0376% | 1h | 0.04217 | +0.125% | $3K | $166K | 10x | as long as short |
| Binance SANDUSDT | −0.0373% | 8h | 0.04214 | +0.053% | $6.8M | $13.5M | 75x | as long as short |
| MEXC SAND_USDT | −0.0366% | 8h | 0.04217 | +0.119% | $11.3M | $2.0M | 200x | as long as short |
| KuCoin SANDUSDTMlong | −0.0307% | 8h | 0.04212 | long leg | $2.6M | $386K | 50x | |
| OKX SAND-USDT-SWAP | −0.0247% | 8h | 0.04215 | +0.071% | $1.7M | $3.3M | 50x | as long as short |
| Bitget SANDUSDT | −0.0238% | 8h | 0.04209 | −0.071% | $1.8M | $553K | 10x | as long as short |
Hyperliquid SAND
Aster SANDUSDT
BloFin SAND-USDT
Variational Omni SAND
Extended SAND-USD
Binance SANDUSDT
MEXC SAND_USDT
OKX SAND-USDT-SWAP
Bitget SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SANDUSD | −0.0214% | 1h | 0.04226 | +0.323% | $160K | $110K | 25x | as long as short |
| Bybit SANDUSDTshort | −0.0082% | 8h | 0.04214 | +0.047% | $3.6M | $4.0M | 75x | |
| Gate SAND_USDT | −0.0053% | 8h | 0.04217 | +0.119% | $492K | $682K | 75x | as long as short |
| BingX SAND-USDT | −0.0041% | 8h | 0.04216 | +0.095% | — | $2.4M | — | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.971% | $757 | $795 | 5.5x | as long as short |
Kraken Futures PF_SANDUSD
Gate SAND_USDT
BingX SAND-USDT
Injective SAND/USDC PERP