Funding you earn now, next payment 05:00 UTC−0.0557%/8h= −61.0% APRpaid last 24h −0.049%
Price spread now: Hyperliquid against BingX−0.038%7-day average −0.042% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.168%−$17 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.038%, 7d avg −0.042%
=Together, before fees−0.144%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.168% in total (about -8.8% 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 | BingX SAND-USDT | 0.04193 | −0.0014 | get 0.0014% / 8h | 3h 34m | — | $2.4M | — |
| Short | Hyperliquid SAND | 0.04191 | −0.0571 | pay 0.0071% / 1h | 34m 33s | $578K | $326K | 5x |
BingX SAND-USDT
Hyperliquid SANDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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
- −$116.95
- Price spread: −0.038% → −0.042%
- $0.37
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$135.58
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 15 min ago; Hyperliquid: live order book, 55 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 BingX live order book, 15 min ago | 4.77 bp | 18.2 bp −$18 | 30.0 bp −$300 | 203.0 bp −$20.3K | doesn't fit |
| Sell Hyperliquid live order book, 55 min ago | 1.80 bp | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SANDUSD | −0.1116% | 1h | 0.04204 | +0.255% | $157K | $107K | 25x | as long as short |
| Hyperliquid SANDshort | −0.0571% | 1h | 0.04191 | −0.038% | $578K | $326K | 5x | |
| Variational Omni SAND | −0.0369% | 8h | 0.04198 | +0.114% | $115K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0299% | 8h | 0.04203 | +0.244% | $14K | $16K | 10x | as long as short |
| Binance SANDUSDT | −0.0201% | 8h | 0.04190 | −0.072% | $6.7M | $12.3M | 75x | as long as short |
| Extended SAND-USD | −0.0200% | 1h | 0.04190 | −0.077% | $3K | $174K | 10x | as long as short |
| MEXC SAND_USDT | −0.0198% | 8h | 0.04194 | +0.024% | $11.6M | $1.9M | 200x | as long as short |
| Bitget SANDUSDT | −0.0192% | 8h | 0.04187 | −0.143% | $1.7M | $551K | 10x | as long as short |
| BloFin SAND-USDT | −0.0178% | 8h | 0.04196 | +0.072% | $328K | $201K | 75x | as long as short |
| KuCoin SANDUSDTM | −0.0115% | 8h | 0.04188 | −0.119% | $2.6M | $349K | 50x | as long as short |
Kraken Futures PF_SANDUSD
Variational Omni SAND
Aster SANDUSDT
Binance SANDUSDT
Extended SAND-USD
MEXC SAND_USDT
Bitget SANDUSDT
BloFin SAND-USDT
KuCoin SANDUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | −0.0087% | 8h | 0.04191 | −0.048% | $1.7M | $3.2M | 50x | as long as short |
| Bybit SANDUSDT | −0.0028% | 8h | 0.04192 | −0.024% | $3.5M | $3.6M | 75x | as long as short |
| BingX SAND-USDTlong | −0.0014% | 8h | 0.04193 | long leg | — | $2.4M | — | |
| Gate SAND_USDT | +0.0015% | 8h | 0.04198 | +0.119% | $475K | $645K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.526% | $757 | $795 | 5.5x | as long as short |
OKX SAND-USDT-SWAP
Bybit SANDUSDT
Gate SAND_USDT
Injective SAND/USDC PERP