Funding you earn now, next payment 08:00 UTC−0.0497%/8h= −54.4% APRpaid last 24h −0.015%
Price spread now: Hyperliquid against MEXC−0.047%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$730.735% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.104%+$10 · spread now −0.047%, 7d avg −0.031%
=Together, before fees+0.108%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.004% in total (about 0.2% 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 | MEXC SAND_USDT | 0.04228 | −0.0436 | get 0.0436% / 8h | 14m 25s | $11.2M | $1.9M | 200x |
| Short | Hyperliquid SAND | 0.04226 | −0.0933 | pay 0.0117% / 1h | 14m 25s | $585K | $334K | 5x |
MEXC SAND_USDT
Hyperliquid SANDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against MEXC. 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
- −$104.4
- Price spread: −0.047% → −0.031%
- −$1.62
- Slippage, 4 orders
- −$60.48
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$179.49
- Costs to cover
- 0.735%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Hyperliquid: live order book, 45 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 MEXC live order book, 4 min ago | 1.18 bp | 6.4 bp −$6 | 14.5 bp −$145 | 81.1 bp −$8,105 | 125.4 bp −$62.7K |
| Sell Hyperliquid live order book, 45 min ago | 1.31 bp | 29.0 bp −$29 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SANDshort | −0.0933% | 1h | 0.04226 | −0.047% | $585K | $334K | 5x | |
| Aster SANDUSDT | −0.0525% | 8h | 0.04232 | +0.091% | $14K | $16K | 10x | as long as short |
| Variational Omni SAND | −0.0467% | 8h | 0.04227 | −0.027% | $116K | $4K | — | as long as short |
| BloFin SAND-USDT | −0.0454% | 8h | 0.04226 | −0.047% | $333K | $150K | 75x | as long as short |
| Binance SANDUSDT | −0.0443% | 8h | 0.04229 | +0.034% | $6.9M | $13.8M | 75x | as long as short |
| Extended SAND-USD | −0.0440% | 1h | 0.04227 | −0.027% | $6K | $228K | 10x | as long as short |
| MEXC SAND_USDTlong | −0.0436% | 8h | 0.04228 | long leg | $11.2M | $1.9M | 200x | |
| KuCoin SANDUSDTM | −0.0372% | 8h | 0.04225 | −0.071% | $2.6M | $405K | 50x | as long as short |
| OKX SAND-USDT-SWAP | −0.0294% | 8h | 0.04228 | 0.000% | $1.7M | $3.4M | 50x | as long as short |
| Bitget SANDUSDT | −0.0261% | 8h | 0.04225 | −0.071% | $1.8M | $542K | 10x | as long as short |
Aster SANDUSDT
Variational Omni SAND
BloFin SAND-USDT
Binance SANDUSDT
Extended SAND-USD
KuCoin SANDUSDTM
OKX SAND-USDT-SWAP
Bitget SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | −0.0135% | 8h | 0.04228 | 0.000% | $3.6M | $4.0M | 75x | as long as short |
| Gate SAND_USDT | −0.0118% | 8h | 0.04230 | +0.047% | $493K | $693K | 75x | as long as short |
| BingX SAND-USDT | −0.0093% | 8h | 0.04228 | 0.000% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | −0.0087% | 1h | 0.04233 | +0.113% | $160K | $109K | 25x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −2.342% | $757 | $795 | 5.5x | as long as short |
Bybit SANDUSDT
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD
Injective SAND/USDC PERP