Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.029%
Price spread now: Hyperliquid against Gate+0.126%7-day average −0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1441.437% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)−0.167%−$17 · spread now +0.126%, 7d avg −0.059%
=Together, before fees−0.220%+ Points / potential airdropHyperliquid: Season 2 · farm board−$22 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.184% dearer against Gate than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.059%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SAND_USDT | 0.04136 | 0.0100 | pay 0.0100% / 8h | 6h 51m | $460K | $616K | 75x |
| Short | Hyperliquid SAND | 0.04141 | 0.0100 | get 0.0013% / 1h | 51m 41s | $570K | $449K | 5x |
Gate SAND_USDT
Hyperliquid SANDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Gate. 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
- $0
- Price spread: +0.126% → −0.059%
- $18.42
- Slippage, 4 orders
- −$119.71
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$125.28
- Costs to cover
- 1.437%
- Break-even
- never at this rate
Slippage from Gate: live order book, 15 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 Gate live order book, 15 min ago | 3.58 bp | 42.1 bp −$42 | 1280.0 bp −$12.8K | 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 | −0.439% | $113K | $5K | — | as long as short |
| Aster SANDUSDT | −0.0192% | 8h | 0.04143 | +0.168% | $13K | $17K | 10x | as long as short |
| Bybit SANDUSDT | −0.0185% | 8h | 0.04143 | +0.169% | $3.4M | $3.5M | 75x | as long as short |
| MEXC SAND_USDT | −0.0073% | 8h | 0.04143 | +0.169% | $11.4M | $1.7M | 200x | as long as short |
| Extended SAND-USD | −0.0072% | 1h | 0.04141 | +0.113% | $3K | $171K | 10x | as long as short |
| Binance SANDUSDT | −0.0070% | 8h | 0.04143 | +0.169% | $6.4M | $12.4M | 75x | as long as short |
| BloFin SAND-USDT | −0.0051% | 8h | 0.04138 | +0.048% | $321K | $289K | 75x | as long as short |
| Bitget SANDUSDT | −0.0036% | 8h | 0.04136 | 0.000% | $1.7M | $588K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0031% | 8h | 0.04140 | +0.097% | $2.5M | $379K | 50x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.169% | $757 | $795 | 5.5x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Bybit SANDUSDT
MEXC SAND_USDT
Extended SAND-USD
Binance SANDUSDT
BloFin SAND-USDT
Bitget SANDUSDT
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 | +0.126% | $570K | $449K | 5x | |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04139 | +0.073% | $1.7M | $3.2M | 50x | as long as short |
| Gate SAND_USDTlong | +0.0100% | 8h | 0.04136 | long leg | $460K | $616K | 75x | |
| BingX SAND-USDT | +0.0100% | 8h | 0.04139 | +0.073% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0433% | 1h | 0.04141 | +0.120% | $154K | $118K | 25x | as long as short |
OKX SAND-USDT-SWAP
BingX SAND-USDT
Kraken Futures PF_SANDUSD