Funding you earn now, next payment 07:00 UTC+0.0015%/8h= +1.7% APRpaid last 24h +0.043%
Price spread now: KuCoin against Hyperliquid+0.057%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1241.242% of the position
Funding, last 7 days+0.189%+$19 on $10k
+Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.057%, 7d avg −0.014%
=Together, before fees+0.142%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 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 KuCoin is 0.071% dearer against Hyperliquid than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SAND | 0.04187 | −0.0230 | get 0.0029% / 1h | 44m 41s | $581K | $328K | 5x |
| Short | KuCoin SANDUSDTM | 0.04189 | −0.0215 | pay 0.0215% / 8h | 1h 44m | $2.6M | $375K | 50x |
Hyperliquid SAND
KuCoin SANDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $3.21
- Price spread: +0.057% → −0.014%
- $7.09
- Slippage, 4 orders
- −$103.25
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$113.95
- Costs to cover
- 1.242%
- Break-even
- 255.5 days
Slippage from Hyperliquid: live order book, 25 min ago; KuCoin: live order book, 2 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, 25 min ago | 0.71 bp | 21.5 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 2.39 bp | 50.6 bp −$51 | 102.7 bp −$1,027 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster SANDUSDT | −0.0398% | 8h | 0.04193 | +0.153% | $14K | $16K | 10x | as long as short |
| Variational Omni SAND | −0.0374% | 8h | 0.04178 | −0.211% | $114K | $4K | — | as long as short |
| Binance SANDUSDT | −0.0307% | 8h | 0.04190 | +0.083% | $6.7M | $13.2M | 75x | as long as short |
| Extended SAND-USD | −0.0304% | 1h | 0.04192 | +0.134% | $6K | $228K | 10x | as long as short |
| MEXC SAND_USDT | −0.0304% | 8h | 0.04189 | +0.057% | $11.3M | $1.9M | 200x | as long as short |
| BloFin SAND-USDT | −0.0290% | 8h | 0.04189 | +0.057% | $329K | $139K | 75x | as long as short |
| Hyperliquid SANDlong | −0.0230% | 1h | 0.04187 | long leg | $581K | $328K | 5x | |
| Bitget SANDUSDT | −0.0224% | 8h | 0.04185 | −0.038% | $1.7M | $544K | 10x | as long as short |
| Kraken Futures PF_SANDUSD | −0.0215% | 1h | 0.04205 | +0.443% | $158K | $104K | 25x | as long as short |
| KuCoin SANDUSDTMshort | −0.0215% | 8h | 0.04189 | +0.057% | $2.6M | $375K | 50x |
Aster SANDUSDT
Variational Omni SAND
Binance SANDUSDT
Extended SAND-USD
MEXC SAND_USDT
BloFin SAND-USDT
Bitget SANDUSDT
Kraken Futures PF_SANDUSDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | −0.0197% | 8h | 0.04189 | +0.057% | $1.7M | $3.2M | 50x | as long as short |
| Bybit SANDUSDT | −0.0052% | 8h | 0.04190 | +0.081% | $3.5M | $3.8M | 75x | as long as short |
| BingX SAND-USDT | −0.0036% | 8h | 0.04188 | +0.033% | — | $2.4M | — | as long as short |
| Gate SAND_USDT | −0.0029% | 8h | 0.04188 | +0.033% | $484K | $665K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.376% | $757 | $795 | 5.5x | as long as short |
OKX SAND-USDT-SWAP
Bybit SANDUSDT
BingX SAND-USDT
Gate SAND_USDT
Injective SAND/USDC PERP