Funding you earn now, next payment 22:00 UTC−0.0185%/8h= −20.3% APRnext payment −$0.23 per $10,000 · paid last 24h +0.014%
Price spread now: Hyperliquid against Kraken Futures−0.132%7-day average −0.130% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.372%+$37 on $10k
+Price spread, last 3 days (all we have)+0.196%+$20 · spread now −0.132%, 7d avg −0.130%
=Together, before fees+0.567%+ Points / potential airdropHyperliquid: Season 2 · farm board+$57 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.130%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.372%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SANDUSD | 0.04147 | 0.0285 | pay 0.0036% / 1h | 51m 12s | $155K | $96K | 25x |
| Short | Hyperliquid SAND | 0.04142 | 0.0100 | get 0.0013% / 1h | 51m 12s | $570K | $443K | 5x |
Kraken Futures PF_SANDUSD
Hyperliquid SANDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Kraken Futures. 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
- −$38.92
- Price spread: −0.132% → −0.130%
- −$0.14
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$58.07
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 36 min ago; Hyperliquid: live order book, 33 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 Kraken Futures live order book, 36 min ago | 10.78 bp | 34.9 bp −$35 | 85.5 bp −$855 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 33 min ago | 1.80 bp | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAND | −0.0165% | 8h | 0.04155 | +0.191% | $113K | $5K | — | as long as short |
| Bitget SANDUSDT | −0.0083% | 8h | 0.04141 | −0.146% | $1.7M | $551K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0067% | 8h | 0.04140 | −0.170% | $2.6M | $366K | 50x | as long as short |
| Aster SANDUSDT | −0.0019% | 8h | 0.04144 | −0.073% | $13K | $18K | 10x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.435% | $757 | $795 | 5.5x | as long as short |
| MEXC SAND_USDT | +0.0039% | 8h | 0.04145 | −0.050% | $11.7M | $1.7M | 200x | as long as short |
| Extended SAND-USD | +0.0040% | 1h | 0.04144 | −0.073% | $3K | $194K | 10x | as long as short |
| Binance SANDUSDT | +0.0041% | 8h | 0.04144 | −0.064% | $6.5M | $12.3M | 75x | as long as short |
| BloFin SAND-USDT | +0.0045% | 8h | 0.04145 | −0.050% | $321K | $289K | 75x | as long as short |
| Hyperliquid SANDshort | +0.0100% | 1h | 0.04142 | −0.132% | $570K | $443K | 5x |
Variational Omni SAND
Bitget SANDUSDT
KuCoin SANDUSDTM
Aster SANDUSDT
Injective SAND/USDC PERP
MEXC SAND_USDT
Extended SAND-USD
Binance SANDUSDT
BloFin SAND-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | +0.0100% | 8h | 0.04143 | −0.098% | $3.3M | $3.2M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04144 | −0.074% | $1.8M | $3.3M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04146 | −0.025% | $461K | $571K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04146 | −0.025% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSDlong | +0.0285% | 1h | 0.04147 | long leg | $155K | $96K | 25x |
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT