Funding you earn now, next payment 23:00 UTC−0.0386%/8h= −42.2% APRpaid last 24h −0.004%
Price spread now: Hyperliquid against Binance−0.105%7-day average −0.028% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.105%, 7d avg −0.028%
=Together, before fees+0.155%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Hyperliquid is 0.077% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.043% in total (about 2.2% a year). A funding rate is set anew for every payment. 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 | Binance SANDUSDT | 0.04182 | 0.0005 | pay 0.0005% / 8h | 1h 39m | $6.6M | $12.4M | 75x |
| Short | Hyperliquid SAND | 0.04178 | −0.0381 | pay 0.0048% / 1h | 39m 02s | $575K | $445K | 5x |
Binance SANDUSDT
Hyperliquid SANDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- −$81.01
- Price spread: −0.105% → −0.028%
- −$7.71
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$107.72
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 1 min ago; Hyperliquid: live order book, 41 min ago. Net counts fees only.
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 Binance live order book, 1 min ago | 1.20 bp | 11.1 bp −$11 | 23.5 bp −$235 | 254.9 bp −$25.5K | doesn't fit |
| Sell Hyperliquid live order book, 41 min ago | 1.92 bp | 59.7 bp −$60 | doesn't fit | 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 SANDshort | −0.0381% | 1h | 0.04178 | −0.105% | $575K | $445K | 5x | |
| Variational Omni SAND | −0.0180% | 8h | 0.04179 | −0.083% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0087% | 8h | 0.04182 | +0.012% | $14K | $18K | 10x | as long as short |
| Kraken Futures PF_SANDUSD | −0.0079% | 1h | 0.04183 | +0.032% | $156K | $98K | 25x | as long as short |
| Bitget SANDUSDT | −0.0047% | 8h | 0.04180 | −0.048% | $1.7M | $546K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0037% | 8h | 0.04180 | −0.048% | $2.6M | $365K | 50x | as long as short |
| MEXC SAND_USDT | +0.0004% | 8h | 0.04181 | −0.024% | $11.7M | $1.7M | 200x | as long as short |
| Binance SANDUSDTlong | +0.0005% | 8h | 0.04182 | long leg | $6.6M | $12.4M | 75x | |
| Extended SAND-USD | +0.0008% | 1h | 0.04181 | −0.029% | $3K | $194K | 10x | as long as short |
| BloFin SAND-USDT | +0.0019% | 8h | 0.04181 | −0.024% | $322K | $293K | 75x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Kraken Futures PF_SANDUSD
Bitget SANDUSDT
KuCoin SANDUSDTM
MEXC SAND_USDT
Extended SAND-USD
BloFin SAND-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.267% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDT | +0.0100% | 8h | 0.04180 | −0.048% | $3.4M | $3.2M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04180 | −0.048% | $1.8M | $3.3M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04185 | +0.072% | $466K | $568K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04181 | −0.024% | — | $2.4M | — | as long as short |
Injective SAND/USDC PERP
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT