Funding you earn now, next payment 22:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.039%
Price spread now: BloFin against Hyperliquid+0.110%107s7-day average +0.031% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.177%+$18 on $10k
+Price spread, last 3 days (all we have)−0.134%−$13 · spread now +0.110%, 7d avg +0.031%
=Together, before fees+0.044%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.080% dearer against Hyperliquid than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.031%. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SAND | 0.04168 | 0.0058 | pay 0.0007% / 1h | 15m 31s | $574K | $446K | 5x |
| Short | BloFin SAND-USDT | 0.04173 | 0.0069 | get 0.0069% / 8h | 2h 15m | $322K | $292K | 75x |
Hyperliquid SAND
BloFin SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $2.47
- Price spread: +0.110% → +0.031%
- $7.95
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$10.58
- Costs to cover
- 0.210%
- Break-even
- 36.9 days
Slippage unknown: Hyperliquid: live order book, 4 min ago; BloFin: live order book, 4 min ago. Net counts fees only.
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, 4 min ago | 1.92 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 3.59 bp | 18.0 bp −$18 | 23.3 bp −$233 | 84.6 bp −$8,464 | 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 | −0.0134% | 8h | 0.04173 | +0.117% | $114K | $5K | — | as long as short |
| Bitget SANDUSDT | −0.0039% | 8h | 0.04172 | +0.086% | $1.7M | $545K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0028% | 8h | 0.04172 | +0.086% | $2.6M | $373K | 50x | as long as short |
| Aster SANDUSDT | −0.0012% | 8h | 0.04172 | +0.085% | $14K | $18K | 10x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.945% | $757 | $795 | 5.5x | as long as short |
| Extended SAND-USD | +0.0056% | 1h | 0.04171 | +0.073% | $3K | $194K | 10x | as long as short |
| Hyperliquid SANDlong | +0.0058% | 1h | 0.04168 | long leg | $574K | $446K | 5x | |
| Binance SANDUSDT | +0.0058% | 8h | 0.04173 | +0.110% | $6.5M | $12.3M | 75x | as long as short |
| MEXC SAND_USDT | +0.0059% | 8h | 0.04172 | +0.086% | $11.7M | $1.7M | 200x | as long as short |
| BloFin SAND-USDTshort | +0.0069% | 8h | 0.04173 | +0.110% | $322K | $292K | 75x |
Variational Omni SAND
Bitget SANDUSDT
KuCoin SANDUSDTM
Aster SANDUSDT
Injective SAND/USDC PERP
Extended SAND-USD
Binance SANDUSDT
MEXC SAND_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | +0.0100% | 8h | 0.04170 | +0.038% | $3.3M | $3.2M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04172 | +0.086% | $1.8M | $3.3M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04180 | +0.278% | $466K | $574K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04172 | +0.086% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0283% | 1h | 0.04179 | +0.243% | $156K | $100K | 25x | as long as short |
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD