Funding you earn now, next payment 02:00 UTC−0.0138%/8h= −15.1% APRpaid last 24h −0.009%
Price spread now: Bitget against Hyperliquid−0.101%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1411.412% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.101%, 7d avg −0.027%
=Together, before fees+0.124%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.074% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.027%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.100%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SAND | 0.04141 | 0.0100 | pay 0.0013% / 1h | 51m 47s | $570K | $449K | 5x |
| Short | Bitget SANDUSDT | 0.04137 | −0.0038 | pay 0.0038% / 8h | 6h 51m | $1.7M | $588K | 10x |
Hyperliquid SAND
Bitget SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$28.98
- Price spread: −0.101% → −0.027%
- −$7.44
- Slippage, 4 orders
- −$120.18
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$177.6
- Costs to cover
- 1.412%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 68 min ago; Bitget: live order book, 5 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, 68 min ago | 2.04 bp | 25.7 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 3.65 bp | 31.4 bp −$31 | 78.4 bp −$784 | 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 | −0.564% | $113K | $5K | — | as long as short |
| Aster SANDUSDT | −0.0197% | 8h | 0.04143 | +0.043% | $13K | $17K | 10x | as long as short |
| Bybit SANDUSDT | −0.0185% | 8h | 0.04142 | +0.019% | $3.4M | $3.5M | 75x | as long as short |
| Binance SANDUSDT | −0.0074% | 8h | 0.04143 | +0.043% | $6.4M | $12.4M | 75x | as long as short |
| MEXC SAND_USDT | −0.0073% | 8h | 0.04144 | +0.068% | $11.4M | $1.7M | 200x | as long as short |
| Extended SAND-USD | −0.0072% | 1h | 0.04142 | +0.018% | $3K | $171K | 10x | as long as short |
| BloFin SAND-USDT | −0.0051% | 8h | 0.04138 | −0.077% | $321K | $289K | 75x | as long as short |
| Bitget SANDUSDTshort | −0.0038% | 8h | 0.04137 | −0.101% | $1.7M | $588K | 10x | |
| KuCoin SANDUSDTM | −0.0034% | 8h | 0.04137 | −0.101% | $2.5M | $379K | 50x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.295% | $757 | $795 | 5.5x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Bybit SANDUSDT
Binance SANDUSDT
MEXC SAND_USDT
Extended SAND-USD
BloFin SAND-USDT
KuCoin SANDUSDTM
Injective SAND/USDC PERPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SANDlong | +0.0100% | 1h | 0.04141 | long leg | $570K | $449K | 5x | |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04142 | +0.019% | $1.7M | $3.2M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04136 | −0.126% | $460K | $615K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04140 | −0.029% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0433% | 1h | 0.04141 | −0.006% | $154K | $118K | 25x | as long as short |
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD