Funding you earn now, next payment 23:00 UTC+0.0192%/8h= +21.1% APRnext payment +$0.24 per $10,000 · paid last 24h +0.078%
Price spread now: Injective against Hyperliquid−0.898%73s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding pays, the price is against you. Injective is 0.898% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.898% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$90 on $10k: about 16 days of funding at the current rate (+$6 a day). The two prices were read 73 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 | 0.04166 | −0.0159 | get 0.0020% / 1h | 56m 00s | $573K | $446K | 5x |
| Short | Injective SAND/USDC PERP | 0.04129 | 0.0033 | get 0.0004% / 1h | 56m 00s | $757 | $795 | 5.5x |
Hyperliquid SAND
Injective SAND/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $40.4
- Price spread: −0.898% → 0.000%
- −$89.77
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$58.38
- Costs to cover
- 0.090%
- Break-even
- 17.1 days
Slippage unknown: Hyperliquid: live order book, 24 min ago; Injective: no order-book sample. 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 | 1.92 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0159% | 1h | 0.04166 | long leg | $573K | $446K | 5x | |
| Variational Omni SAND | −0.0143% | 8h | 0.04152 | −0.337% | $113K | $4K | — | as long as short |
| Kraken Futures PF_SANDUSD | −0.0080% | 1h | 0.04170 | +0.090% | $156K | $96K | 25x | as long as short |
| Aster SANDUSDT | −0.0059% | 8h | 0.04165 | −0.024% | $14K | $18K | 10x | as long as short |
| Bitget SANDUSDT | −0.0039% | 8h | 0.04168 | +0.038% | $1.7M | $545K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0034% | 8h | 0.04164 | −0.058% | $2.6M | $370K | 50x | as long as short |
| BloFin SAND-USDT | +0.0019% | 8h | 0.04163 | −0.082% | $323K | $292K | 75x | as long as short |
| Extended SAND-USD | +0.0024% | 1h | 0.04173 | +0.151% | $3K | $194K | 10x | as long as short |
| MEXC SAND_USDT | +0.0027% | 8h | 0.04168 | +0.038% | $11.7M | $1.7M | 200x | as long as short |
| Binance SANDUSDT | +0.0027% | 8h | 0.04174 | +0.181% | $6.5M | $12.3M | 75x | as long as short |
Variational Omni SAND
Kraken Futures PF_SANDUSD
Aster SANDUSDT
Bitget SANDUSDT
KuCoin SANDUSDTM
BloFin SAND-USDT
Extended SAND-USD
MEXC SAND_USDT
Binance SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective SAND/USDC PERPshort | +0.0033% | 1h | 0.04129 | −0.898% | $757 | $795 | 5.5x | |
| Bybit SANDUSDT | +0.0100% | 8h | 0.04169 | +0.062% | $3.3M | $3.2M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04170 | +0.086% | $1.8M | $3.3M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04167 | +0.014% | $464K | $567K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04166 | −0.010% | — | $2.4M | — | as long as short |
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT