Funding you earn now, next payment 02:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.048%
Price spread now: OKX against Hyperliquid+0.130%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$840.836% of the position
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.130%, 7d avg +0.055%
=Together, before fees−0.052%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.076% dearer against Hyperliquid than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.055%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SAND | 0.04142 | 0.0015 | pay 0.0002% / 1h | 9m 01s | $572K | $353K | 5x |
| Short | OKX SAND-USDT-SWAP | 0.04147 | 0.0100 | get 0.0100% / 8h | 6h 09m | $1.7M | $3.2M | 50x |
Hyperliquid SAND
OKX SAND-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $17.78
- Price spread: +0.130% → +0.055%
- $7.59
- Slippage, 4 orders
- −$64.65
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$58.28
- Costs to cover
- 0.836%
- Break-even
- 30.0 days
Slippage from Hyperliquid: live order book, 41 min ago; OKX: live order book, 3 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, 41 min ago | 0.96 bp | 22.4 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.40 bp | 16.8 bp −$17 | 131.8 bp −$1,318 | doesn't fit | doesn't fit |
SAND on 14 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 | −0.0340% | 8h | 0.04155 | +0.330% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0152% | 8h | 0.04156 | +0.338% | $14K | $17K | 10x | as long as short |
| Bybit SANDUSDT | −0.0137% | 8h | 0.04146 | +0.106% | $3.4M | $3.4M | 75x | as long as short |
| Binance SANDUSDT | −0.0040% | 8h | 0.04147 | +0.130% | $6.4M | $12.1M | 75x | as long as short |
| Extended SAND-USD | −0.0040% | 1h | 0.04144 | +0.057% | $3K | $176K | 10x | as long as short |
| MEXC SAND_USDT | −0.0036% | 8h | 0.04147 | +0.130% | $11.5M | $1.7M | 200x | as long as short |
| Bitget SANDUSDT | −0.0015% | 8h | 0.04144 | +0.058% | $1.7M | $563K | 10x | as long as short |
| KuCoin SANDUSDTM | +0.0012% | 8h | 0.04146 | +0.106% | $2.5M | $376K | 50x | as long as short |
| Hyperliquid SANDlong | +0.0015% | 1h | 0.04142 | long leg | $572K | $353K | 5x | |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.304% | $757 | $795 | 5.5x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Bybit SANDUSDT
Binance SANDUSDT
Extended SAND-USD
MEXC SAND_USDT
Bitget SANDUSDT
KuCoin SANDUSDTM
Injective SAND/USDC PERPShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAPshort | +0.0100% | 8h | 0.04147 | +0.130% | $1.7M | $3.2M | 50x | |
| Gate SAND_USDT | +0.0100% | 8h | 0.04148 | +0.155% | $458K | $625K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04147 | +0.130% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0431% | 1h | 0.04156 | +0.351% | $154K | $112K | 25x | as long as short |
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD