Funding you earn now, next payment 02:00 UTC+0.0138%/8h= +15.1% APRpaid last 24h +0.009%
Price spread now: Hyperliquid against Bitget+0.102%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1411.412% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.102%, 7d avg +0.027%
=Together, before fees−0.124%+ Points / potential airdropHyperliquid: Season 2 · farm board−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.074% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.027%. Mind the row above: over the last 7 days funding on this pair cost −0.100%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SANDUSDT | 0.04137 | −0.0038 | get 0.0038% / 8h | 6h 51m | $1.7M | $588K | 10x |
| Short | Hyperliquid SAND | 0.04141 | 0.0100 | get 0.0013% / 1h | 51m 48s | $570K | $449K | 5x |
Bitget SANDUSDT
Hyperliquid SANDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bitget. 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
- $28.98
- Price spread: +0.102% → +0.027%
- $7.45
- Slippage, 4 orders
- −$120.18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$104.76
- Costs to cover
- 1.412%
- Break-even
- 32.3 days
Slippage from Bitget: live order book, 5 min ago; Hyperliquid: live order book, 68 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 Bitget live order book, 5 min ago | 3.65 bp | 38.0 bp −$38 | 77.6 bp −$776 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 68 min ago | 2.04 bp | 46.0 bp −$46 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAND | −0.0328% | 8h | 0.04118 | −0.463% | $113K | $5K | — | as long as short |
| Aster SANDUSDT | −0.0197% | 8h | 0.04143 | +0.144% | $13K | $17K | 10x | as long as short |
| Bybit SANDUSDT | −0.0185% | 8h | 0.04142 | +0.121% | $3.4M | $3.5M | 75x | as long as short |
| Binance SANDUSDT | −0.0074% | 8h | 0.04143 | +0.145% | $6.4M | $12.4M | 75x | as long as short |
| MEXC SAND_USDT | −0.0073% | 8h | 0.04144 | +0.169% | $11.4M | $1.7M | 200x | as long as short |
| Extended SAND-USD | −0.0072% | 1h | 0.04142 | +0.120% | $3K | $171K | 10x | as long as short |
| BloFin SAND-USDT | −0.0051% | 8h | 0.04138 | +0.024% | $321K | $289K | 75x | as long as short |
| Bitget SANDUSDTlong | −0.0038% | 8h | 0.04137 | long leg | $1.7M | $588K | 10x | |
| KuCoin SANDUSDTM | −0.0034% | 8h | 0.04137 | 0.000% | $2.5M | $379K | 50x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.193% | $757 | $795 | 5.5x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Bybit SANDUSDT
Binance SANDUSDT
MEXC SAND_USDT
Extended SAND-USD
BloFin SAND-USDT
KuCoin SANDUSDTM
Injective SAND/USDC PERPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SANDshort | +0.0100% | 1h | 0.04141 | +0.102% | $570K | $449K | 5x | |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04142 | +0.121% | $1.7M | $3.2M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04136 | −0.024% | $460K | $615K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04140 | +0.073% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0433% | 1h | 0.04141 | +0.095% | $154K | $118K | 25x | as long as short |
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD