Funding you earn now, next payment 23:00 UTC+0.0345%/8h= +37.8% APRpaid last 24h +0.004%
Price spread now: MEXC against Hyperliquid+0.072%7-day average +0.026% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.072%, 7d avg +0.026%
=Together, before fees−0.168%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 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 MEXC is 0.046% dearer against Hyperliquid than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.026%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% 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 | 0.04156 | −0.0318 | get 0.0040% / 1h | 51m 29s | $572K | $445K | 5x |
| Short | MEXC SAND_USDT | 0.04159 | 0.0027 | get 0.0027% / 8h | 1h 51m | $11.7M | $1.7M | 200x |
Hyperliquid SAND
MEXC SAND_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $72.4
- Price spread: +0.072% → +0.026%
- $4.61
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $64.01
- Costs to cover
- 0.130%
- Break-even
- 0.8 days
Slippage unknown: Hyperliquid: live order book, 28 min ago; MEXC: live order book, 2 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, 28 min ago | 1.92 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.20 bp | 10.0 bp −$10 | 15.7 bp −$157 | 77.5 bp −$7,750 | 206.3 bp −$103.1K |
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 | −0.0318% | 1h | 0.04156 | long leg | $572K | $445K | 5x | |
| Variational Omni SAND | −0.0152% | 8h | 0.04165 | +0.208% | $114K | $4K | — | as long as short |
| Kraken Futures PF_SANDUSD | −0.0080% | 1h | 0.04170 | +0.348% | $156K | $97K | 25x | as long as short |
| Aster SANDUSDT | −0.0063% | 8h | 0.04163 | +0.159% | $14K | $18K | 10x | as long as short |
| Bitget SANDUSDT | −0.0040% | 8h | 0.04166 | +0.241% | $1.7M | $544K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0038% | 8h | 0.04164 | +0.192% | $2.6M | $370K | 50x | as long as short |
| Binance SANDUSDT | +0.0022% | 8h | 0.04159 | +0.076% | $6.5M | $12.3M | 75x | as long as short |
| Extended SAND-USD | +0.0024% | 1h | 0.04160 | +0.105% | $3K | $194K | 10x | as long as short |
| MEXC SAND_USDTshort | +0.0027% | 8h | 0.04159 | +0.072% | $11.7M | $1.7M | 200x | |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.650% | $757 | $795 | 5.5x | as long as short |
Variational Omni SAND
Kraken Futures PF_SANDUSD
Aster SANDUSDT
Bitget SANDUSDT
KuCoin SANDUSDTM
Binance SANDUSDT
Extended SAND-USD
Injective SAND/USDC PERPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SAND-USDT | +0.0045% | 8h | 0.04164 | +0.192% | $321K | $292K | 75x | as long as short |
| Bybit SANDUSDT | +0.0100% | 8h | 0.04159 | +0.072% | $3.3M | $3.2M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04159 | +0.072% | $1.8M | $3.3M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04172 | +0.385% | $464K | $568K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04165 | +0.217% | — | $2.4M | — | as long as short |
BloFin SAND-USDT
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT