Funding you earn now, next payment 03:00 UTC−0.0090%/8h= −9.9% APRpaid last 24h −0.035%
Price spread now: Hyperliquid against Bybit−0.063%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$800.800% of the position
Funding, last 7 days−0.055%−$5 on $10k
+Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.063%, 7d avg −0.008%
=Together, before fees+0.036%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Hyperliquid is 0.055% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.008%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SANDUSDT | 0.04152 | −0.0106 | get 0.0106% / 8h | 5h 45m | $3.4M | $3.4M | 75x |
| Short | Hyperliquid SAND | 0.04149 | −0.0196 | pay 0.0024% / 1h | 45m 55s | $574K | $357K | 5x |
Bybit SANDUSDT
Hyperliquid SANDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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
- −$18.92
- Price spread: −0.063% → −0.008%
- −$5.5
- Slippage, 4 orders
- −$60
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$104.42
- Costs to cover
- 0.800%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Hyperliquid: live order book, 64 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 Bybit live order book, 2 min ago | 2.41 bp | 15.5 bp −$16 | 40.9 bp −$409 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 64 min ago | 0.96 bp | 26.3 bp −$26 | 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 | −0.0353% | 8h | 0.04151 | −0.030% | $113K | $4K | — | as long as short |
| Hyperliquid SANDshort | −0.0196% | 1h | 0.04149 | −0.063% | $574K | $357K | 5x | |
| Aster SANDUSDT | −0.0169% | 8h | 0.04159 | +0.159% | $14K | $16K | 10x | as long as short |
| Bybit SANDUSDTlong | −0.0106% | 8h | 0.04152 | long leg | $3.4M | $3.4M | 75x | |
| BloFin SAND-USDT | −0.0075% | 8h | 0.04148 | −0.096% | — | $276K | 75x | as long as short |
| Binance SANDUSDT | −0.0057% | 8h | 0.04152 | +0.004% | $6.4M | $11.8M | 75x | as long as short |
| Extended SAND-USD | −0.0056% | 1h | 0.04153 | +0.028% | $3K | $173K | 10x | as long as short |
| MEXC SAND_USDT | −0.0053% | 8h | 0.04155 | +0.072% | $11.6M | $1.7M | 200x | as long as short |
| Bitget SANDUSDT | −0.0049% | 8h | 0.04146 | −0.145% | $1.7M | $544K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0007% | 8h | 0.04145 | −0.169% | $2.5M | $375K | 50x | as long as short |
Variational Omni SAND
Aster SANDUSDT
BloFin SAND-USDT
Binance SANDUSDT
Extended SAND-USD
MEXC SAND_USDT
Bitget SANDUSDT
KuCoin SANDUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SAND_USDT | +0.0015% | 8h | 0.04152 | 0.000% | $458K | $614K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.554% | $757 | $795 | 5.5x | as long as short |
| OKX SAND-USDT-SWAP | +0.0095% | 8h | 0.04150 | −0.048% | $1.7M | $3.1M | 50x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04149 | −0.072% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0241% | 1h | 0.04159 | +0.177% | $154K | $103K | 25x | as long as short |
Gate SAND_USDT
Injective SAND/USDC PERP
OKX SAND-USDT-SWAP
BingX SAND-USDT
Kraken Futures PF_SANDUSD