Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h +0.092%
Price spread now: Injective against Hyperliquid+0.248%93s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
The price spread pays, funding is against you. Injective is 0.248% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.248% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SAND | 0.04119 | 0.0100 | pay 0.0013% / 1h | 45m 32s | $567K | $327K | 5x |
| Short | Injective SAND/USDC PERP | 0.04129 | 0.0033 | get 0.0004% / 1h | 45m 32s | $757 | $795 | 5.5x |
Hyperliquid SAND
Injective SAND/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: +0.248% → 0.000%
- $24.76
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $1.74
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 54 min ago; Injective: no order-book sample. 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 Hyperliquid live order book, 54 min ago | 3.13 bp | 25.5 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0361% | 8h | 0.04120 | +0.035% | $112K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0277% | 8h | 0.04123 | +0.098% | $13K | $16K | 10x | as long as short |
| Gate SAND_USDT | −0.0183% | 8h | 0.04125 | +0.151% | $463K | $626K | 75x | as long as short |
| BloFin SAND-USDT | −0.0173% | 8h | 0.04114 | −0.117% | $322K | $215K | 75x | as long as short |
| Extended SAND-USD | −0.0168% | 1h | 0.04123 | +0.097% | $3K | $173K | 10x | as long as short |
| Binance SANDUSDT | −0.0166% | 8h | 0.04125 | +0.146% | $6.5M | $12.2M | 75x | as long as short |
| MEXC SAND_USDT | −0.0166% | 8h | 0.04124 | +0.126% | $11.4M | $1.8M | 200x | as long as short |
| Bitget SANDUSDT | −0.0101% | 8h | 0.04118 | −0.019% | $1.7M | $549K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0093% | 8h | 0.04117 | −0.044% | $2.5M | $366K | 50x | as long as short |
| Bybit SANDUSDT | −0.0039% | 8h | 0.04124 | +0.126% | $3.4M | $3.4M | 75x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Gate SAND_USDT
BloFin SAND-USDT
Extended SAND-USD
Binance SANDUSDT
MEXC SAND_USDT
Bitget SANDUSDT
KuCoin SANDUSDTM
Bybit SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | +0.0020% | 8h | 0.04122 | +0.078% | $1.6M | $3.1M | 50x | as long as short |
| BingX SAND-USDT | +0.0022% | 8h | 0.04121 | +0.053% | — | $2.4M | — | as long as short |
| Injective SAND/USDC PERPshort | +0.0033% | 1h | 0.04129 | +0.248% | $757 | $795 | 5.5x | |
| Hyperliquid SANDlong | +0.0100% | 1h | 0.04119 | long leg | $567K | $327K | 5x | |
| Kraken Futures PF_SANDUSD | +0.0501% | 1h | 0.04123 | +0.112% | $154K | $106K | 25x | as long as short |
OKX SAND-USDT-SWAP
BingX SAND-USDT
Kraken Futures PF_SANDUSD