Funding you earn now, next payment 04:00 UTC+0.0339%/8h= +37.1% APRpaid last 24h +0.030%
Price spread now: Gate against Hyperliquid+0.182%7-day average +0.061% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.182%, 7d avg +0.061%
=Together, before fees−0.059%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Gate is 0.121% dearer against Hyperliquid than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.061%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% 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 | 0.04177 | −0.0331 | get 0.0041% / 1h | 6m 09s | $576K | $326K | 5x |
| Short | Gate SAND_USDT | 0.04185 | 0.0008 | get 0.0008% / 8h | 4h 06m | $467K | $634K | 75x |
Hyperliquid SAND
Gate SAND_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $71.11
- Price spread: +0.182% → +0.061%
- $12.09
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $59.19
- Costs to cover
- 0.240%
- Break-even
- 1.2 days
Slippage unknown: Hyperliquid: live order book, 24 min ago; Gate: live order book, 50 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, 24 min ago | 1.80 bp | 26.9 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 50 min ago | 4.84 bp | 27.5 bp −$27 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SANDlong | −0.0331% | 1h | 0.04177 | long leg | $576K | $326K | 5x | |
| Variational Omni SAND | −0.0319% | 8h | 0.04175 | −0.051% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0237% | 8h | 0.04183 | +0.132% | $14K | $16K | 10x | as long as short |
| Binance SANDUSDT | −0.0147% | 8h | 0.04181 | +0.076% | $6.6M | $12.4M | 75x | as long as short |
| MEXC SAND_USDT | −0.0146% | 8h | 0.04183 | +0.134% | $11.8M | $1.9M | 200x | as long as short |
| Extended SAND-USD | −0.0144% | 1h | 0.04177 | −0.014% | $6K | $178K | 10x | as long as short |
| Bitget SANDUSDT | −0.0140% | 8h | 0.04176 | −0.034% | $1.7M | $554K | 10x | as long as short |
| BloFin SAND-USDT | −0.0136% | 8h | 0.04183 | +0.134% | $324K | $200K | 75x | as long as short |
| KuCoin SANDUSDTM | −0.0077% | 8h | 0.04177 | −0.010% | $2.6M | $358K | 50x | as long as short |
| OKX SAND-USDT-SWAP | −0.0042% | 8h | 0.04180 | +0.062% | $1.7M | $3.2M | 50x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Binance SANDUSDT
MEXC SAND_USDT
Extended SAND-USD
Bitget SANDUSDT
BloFin SAND-USDT
KuCoin SANDUSDTM
OKX SAND-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SAND_USDTshort | +0.0008% | 8h | 0.04185 | +0.182% | $467K | $634K | 75x | |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.159% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDT | +0.0054% | 8h | 0.04182 | +0.110% | $3.5M | $3.5M | 75x | as long as short |
| BingX SAND-USDT | +0.0054% | 8h | 0.04181 | +0.086% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0494% | 1h | 0.04184 | +0.151% | $156K | $106K | 25x | as long as short |
Injective SAND/USDC PERP
Bybit SANDUSDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD