Funding you earn now, next payment 05:00 UTC+0.0449%/8h= +49.2% APRpaid last 24h +0.049%
Price spread now: BingX against Hyperliquid+0.060%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$850.846% of the position
Funding, last 7 days+0.168%+$17 on $10k
+Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.060%, 7d avg +0.042%
=Together, before fees+0.122%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$13 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 0.168% in total (about 8.8% 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 | 0.04174 | −0.0462 | get 0.0058% / 1h | 8m 41s | $576K | $323K | 5x |
| Short | BingX SAND-USDT | 0.04177 | −0.0013 | pay 0.0013% / 8h | 3h 08m | — | $2.4M | — |
Hyperliquid SAND
BingX SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $94.29
- Price spread: +0.060% → +0.042%
- $1.8
- Slippage, 4 orders
- −$65.55
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $11.54
- Costs to cover
- 0.846%
- Break-even
- 6.1 days
Slippage from Hyperliquid: live order book, 11 min ago; BingX: live order book, 10 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 BingX live order book, 10 min ago | 3.58 bp | 13.2 bp −$13 | 24.9 bp −$249 | 145.8 bp −$14.6K | 515.6 bp −$257.8K |
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 | +0.169% | $157K | $105K | 25x | as long as short |
| Hyperliquid SANDlong | −0.0462% | 1h | 0.04174 | long leg | $576K | $323K | 5x | |
| Variational Omni SAND | −0.0356% | 8h | 0.04181 | +0.149% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0327% | 8h | 0.04185 | +0.245% | $14K | $16K | 10x | as long as short |
| Extended SAND-USD | −0.0232% | 1h | 0.04177 | +0.056% | $6K | $233K | 10x | as long as short |
| Binance SANDUSDT | −0.0231% | 8h | 0.04177 | +0.068% | $6.7M | $12.4M | 75x | as long as short |
| MEXC SAND_USDT | −0.0230% | 8h | 0.04177 | +0.060% | $11.5M | $2.0M | 200x | as long as short |
| Bitget SANDUSDT | −0.0228% | 8h | 0.04174 | −0.012% | $1.7M | $547K | 10x | as long as short |
| BloFin SAND-USDT | −0.0222% | 8h | 0.04172 | −0.060% | $328K | $201K | 75x | as long as short |
| KuCoin SANDUSDTM | −0.0157% | 8h | 0.04173 | −0.036% | $2.6M | $350K | 50x | as long as short |
Kraken Futures PF_SANDUSD
Variational Omni SAND
Aster SANDUSDT
Extended SAND-USD
Binance SANDUSDT
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 | 0.04178 | +0.084% | $1.7M | $3.1M | 50x | as long as short |
| BingX SAND-USDTshort | −0.0013% | 8h | 0.04177 | +0.060% | — | $2.4M | — | |
| Bybit SANDUSDT | −0.0012% | 8h | 0.04179 | +0.108% | $3.5M | $3.5M | 75x | as long as short |
| Gate SAND_USDT | +0.0028% | 8h | 0.04179 | +0.108% | $471K | $653K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.090% | $757 | $795 | 5.5x | as long as short |
OKX SAND-USDT-SWAP
Bybit SANDUSDT
Gate SAND_USDT
Injective SAND/USDC PERP