Funding you earn now, next payment 05:00 UTC+0.0234%/8h= +25.7% APRpaid last 24h +0.005%
Price spread now: Binance against Hyperliquid+0.031%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$860.857% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.031%, 7d avg +0.031%
=Together, before fees−0.056%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 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: +$7 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 -0.019% in total (about -1.0% 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 | Hyperliquid SAND | 0.04176 | −0.0465 | get 0.0058% / 1h | 9m 11s | $576K | $322K | 5x |
| Short | Binance SANDUSDT | 0.04177 | −0.0231 | pay 0.0231% / 8h | 3h 09m | $6.7M | $12.4M | 75x |
Hyperliquid SAND
Binance SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Hyperliquid. 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
- $49.2
- Price spread: +0.031% → +0.031%
- $0.05
- Slippage, 4 orders
- −$66.69
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$36.45
- Costs to cover
- 0.857%
- Break-even
- 12.2 days
Slippage from Hyperliquid: live order book, 11 min ago; Binance: live order book, 16 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 Hyperliquid live order book, 11 min ago | 1.91 bp | 29.8 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 1.19 bp | 16.4 bp −$16 | 27.9 bp −$279 | 198.9 bp −$19.9K | 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 | −0.1122% | 1h | 0.04182 | +0.140% | $157K | $105K | 25x | as long as short |
| Hyperliquid SANDlong | −0.0465% | 1h | 0.04176 | long leg | $576K | $322K | 5x | |
| Variational Omni SAND | −0.0356% | 8h | 0.04181 | +0.120% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0325% | 8h | 0.04184 | +0.202% | $14K | $16K | 10x | as long as short |
| Extended SAND-USD | −0.0232% | 1h | 0.04176 | +0.007% | $6K | $233K | 10x | as long as short |
| Binance SANDUSDTshort | −0.0231% | 8h | 0.04177 | +0.031% | $6.7M | $12.4M | 75x | |
| MEXC SAND_USDT | −0.0228% | 8h | 0.04176 | +0.007% | $11.5M | $2.0M | 200x | as long as short |
| Bitget SANDUSDT | −0.0226% | 8h | 0.04184 | +0.199% | $1.7M | $548K | 10x | as long as short |
| BloFin SAND-USDT | −0.0222% | 8h | 0.04172 | −0.089% | $328K | $201K | 75x | as long as short |
| KuCoin SANDUSDTM | −0.0156% | 8h | 0.04173 | −0.065% | $2.6M | $350K | 50x | as long as short |
Kraken Futures PF_SANDUSD
Variational Omni SAND
Aster 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 | −0.0107% | 8h | 0.04175 | −0.017% | $1.7M | $3.1M | 50x | as long as short |
| BingX SAND-USDT | −0.0013% | 8h | 0.04176 | +0.007% | — | $2.4M | — | as long as short |
| Bybit SANDUSDT | −0.0012% | 8h | 0.04178 | +0.055% | $3.5M | $3.5M | 75x | as long as short |
| Gate SAND_USDT | +0.0028% | 8h | 0.04179 | +0.079% | $471K | $653K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.118% | $757 | $795 | 5.5x | as long as short |
OKX SAND-USDT-SWAP
BingX SAND-USDT
Bybit SANDUSDT
Gate SAND_USDT
Injective SAND/USDC PERP