Settings8H · net · $10k
Funding arb · Price arb /

SAND

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h −0.039%
Price spread now: Hyperliquid against BloFin−0.024%67s7-day average −0.031% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.177%−$18 on $10k
Price spread, last 3 days (all we have)+0.047%+$5 · spread now −0.024%, 7d avg −0.031%
Together, before fees−0.130%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.177%, so the current rate has only just turned in your favour. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SAND-USDT0.041500.0074pay 0.0074% / 8h2h 40m$322K$289K75x
ShortHyperliquid SAND0.041490.0100get 0.0013% / 1h40m 02s$572K$444K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$5.43
Price spread: −0.024% → −0.031%
$0.68
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$14.89
Costs to cover
0.210%
Break-even
26.2 days
Slippage unknown: BloFin: live order book, 44 min ago; Hyperliquid: live order book, 44 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 44 min ago1.20 bp16.5 bp −$1722.9 bp −$22996.9 bp −$9,692doesn't fit
Sell Hyperliquid live order book, 44 min ago1.80 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

SAND on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SAND−0.0153%8h0.04148−0.060%$113K$5Kas long as short
KuCoin SANDUSDTM−0.0063%8h0.04145−0.120%$2.6M$371K50xas long as short
Bitget SANDUSDT−0.0063%8h0.04148−0.048%$1.7M$551K10xas long as short
Aster SANDUSDT−0.0014%8h0.04152+0.048%$13K$18K10xas long as short
Injective SAND/USDC PERP+0.0033%1h0.04129−0.506%$757$7955.5xas long as short
Extended SAND-USD+0.0048%1h0.04151+0.036%$3K$194K10xas long as short
MEXC SAND_USDT+0.0050%8h0.041500.000%$11.7M$1.7M200xas long as short
Binance SANDUSDT+0.0050%8h0.04152+0.048%$6.5M$12.3M75xas long as short
BloFin SAND-USDTlong+0.0074%8h0.04150long leg$322K$289K75x
Hyperliquid SANDshort+0.0100%1h0.04149−0.024%$572K$444K5x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SANDUSDT+0.0100%8h0.041500.000%$3.3M$3.2M75xas long as short
OKX SAND-USDT-SWAP+0.0100%8h0.04154+0.096%$1.8M$3.3M50xas long as short
Gate SAND_USDT+0.0100%8h0.04153+0.072%$462K$572K75xas long as short
BingX SAND-USDT+0.0100%8h0.04149−0.024%$2.4Mas long as short
Kraken Futures PF_SANDUSD+0.0285%1h0.04155+0.127%$155K$96K25xas long as short