Funding you earn now, next payment 23:00 UTC−0.0472%/8h= −51.7% APRpaid last 24h −0.024%
Price spread now: Hyperliquid against Bybit−0.065%7-day average −0.006% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.065%, 7d avg −0.006%
=Together, before fees+0.054%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Hyperliquid is 0.059% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.023% in total (about -1.2% 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 | Bybit SANDUSDT | 0.04164 | 0.0100 | pay 0.0100% / 8h | 1h 30m | $3.4M | $3.3M | 75x |
| Short | Hyperliquid SAND | 0.04161 | −0.0372 | pay 0.0046% / 1h | 30m 34s | $572K | $445K | 5x |
Bybit SANDUSDT
Hyperliquid SANDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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
- −$99.06
- Price spread: −0.065% → −0.006%
- −$5.93
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$124.99
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 2 min ago; Hyperliquid: live order book, 49 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 Bybit live order book, 2 min ago | 1.20 bp | 12.5 bp −$12 | 34.4 bp −$344 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 49 min ago | 1.92 bp | 59.7 bp −$60 | 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 | −0.0372% | 1h | 0.04161 | −0.065% | $572K | $445K | 5x | |
| Variational Omni SAND | −0.0187% | 8h | 0.04171 | +0.169% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0112% | 8h | 0.04164 | +0.007% | $14K | $18K | 10x | as long as short |
| Kraken Futures PF_SANDUSD | −0.0080% | 1h | 0.04168 | +0.087% | $154K | $99K | 25x | as long as short |
| Bitget SANDUSDT | −0.0057% | 8h | 0.04162 | −0.048% | $1.7M | $548K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0052% | 8h | 0.04164 | 0.000% | $2.6M | $372K | 50x | as long as short |
| Extended SAND-USD | −0.0016% | 1h | 0.04163 | −0.017% | $3K | $194K | 10x | as long as short |
| Binance SANDUSDT | −0.0014% | 8h | 0.04165 | +0.024% | $6.6M | $12.4M | 75x | as long as short |
| MEXC SAND_USDT | −0.0014% | 8h | 0.04164 | 0.000% | $11.7M | $1.7M | 200x | as long as short |
| BloFin SAND-USDT | +0.0010% | 8h | 0.04166 | +0.048% | $323K | $292K | 75x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Kraken Futures PF_SANDUSD
Bitget SANDUSDT
KuCoin SANDUSDTM
Extended SAND-USD
Binance SANDUSDT
MEXC SAND_USDT
BloFin SAND-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.841% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDTlong | +0.0100% | 8h | 0.04164 | long leg | $3.4M | $3.3M | 75x | |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04165 | +0.024% | $1.8M | $3.3M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04168 | +0.096% | $463K | $570K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04165 | +0.024% | — | $2.4M | — | as long as short |
Injective SAND/USDC PERP
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT