Settings8H · net · $10k
Funding arb · Price arb /

SAND

all SAND markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0097%/8hpaid last 24h −0.038%
Price spread now: Hyperliquid against BloFin−0.063%7-day average −0.031% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.177%−$18 on $10k
Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.063%, 7d avg −0.031%
Together, before fees−0.096%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.032% cheaper against BloFin than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of −0.031%). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.177%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SAND-USDT0.041440.0003pay 0.0003% / 8h4h 07m$322K$295K75x
ShortHyperliquid SAND0.041410.0100get 0.0013% / 1h7m 14s$573K$436K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$20.29
Price spread: −0.063% → −0.031%
−$3.15
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$3.86
Costs to cover
0.210%
Break-even
8.3 days
Slippage unknown: BloFin: live order book, 21 min ago; Hyperliquid: live order book, 22 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 21 min ago1.21 bp7.2 bp −$713.9 bp −$13987.7 bp −$8,770doesn't fit
Sell Hyperliquid live order book, 22 min ago1.82 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

SAND on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SAND−0.0225%8h0.04138−0.133%$113K$5Kas long as short
Bitget SANDUSDT−0.0162%8h0.04139−0.121%$1.7M$551K10xas long as short
Aster SANDUSDT−0.0002%8h0.04141−0.065%$13K$18K10xas long as short
BloFin SAND-USDTlong+0.0003%8h0.04144long leg$322K$295K75x
MEXC SAND_USDT+0.0005%8h0.04143−0.024%$11.9M$1.5M200xas long as short
Binance SANDUSDT+0.0006%8h0.04142−0.048%$6.4M$12.2M75xas long as short
Extended SAND-USD+0.0008%1h0.04142−0.058%$3K$194K10xas long as short
KuCoin SANDUSDTM+0.0011%8h0.04135−0.217%$2.6M$331K50xas long as short
Injective SAND/USDC PERP+0.0033%1h0.04129−0.362%$757$7955.5xas long as short
Hyperliquid SANDshort+0.0100%1h0.04141−0.063%$573K$436K5x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SANDUSDT+0.0100%8h0.041440.000%$3.3M$3.1M75xas long as short
OKX SAND-USDT-SWAP+0.0100%8h0.04143−0.024%$1.8M$3.3M50xas long as short
Gate SAND_USDT+0.0100%8h0.04143−0.024%$453K$576K75xas long as short
BingX SAND-USDT+0.0100%8h0.04143−0.024%$2.4Mas long as short
Kraken Futures PF_SANDUSD+0.0402%1h0.04146+0.059%$154K$95K25xas long as short