Funding you earn now, next payment 09:00 UTC+0.0168%/8h= +18.3% APRpaid last 24h +0.009%
Price spread now: KuCoin against Hyperliquid+0.190%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1321.315% of the position
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.190%, 7d avg −0.012%
=Together, before fees+0.073%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and KuCoin is 0.202% dearer against Hyperliquid than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SAND | 0.04219 | −0.0607 | get 0.0076% / 1h | 26m 30s | $580K | $338K | 5x |
| Short | KuCoin SANDUSDTM | 0.04227 | −0.0439 | pay 0.0439% / 8h | 7h 26m | $2.6M | $428K | 50x |
Hyperliquid SAND
KuCoin SANDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $35.18
- Price spread: +0.190% → −0.012%
- $20.18
- Slippage, 4 orders
- −$110.5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$76.14
- Costs to cover
- 1.315%
- Break-even
- 22.1 days
Slippage from Hyperliquid: live order book, 23 min ago; KuCoin: live order book, 10 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 Hyperliquid live order book, 23 min ago | 1.18 bp | 13.1 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 9.47 bp | 52.5 bp −$52 | 110.1 bp −$1,101 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | −0.0833% | 8h | 0.04222 | +0.071% | $3.6M | $4.2M | 75x | as long as short |
| Aster SANDUSDT | −0.0607% | 8h | 0.04221 | +0.047% | $14K | $19K | 10x | as long as short |
| Hyperliquid SANDlong | −0.0607% | 1h | 0.04219 | long leg | $580K | $338K | 5x | |
| Variational Omni SAND | −0.0579% | 8h | 0.04227 | +0.197% | $116K | $4K | — | as long as short |
| Gate SAND_USDT | −0.0556% | 8h | 0.04228 | +0.213% | $497K | $625K | 75x | as long as short |
| Extended SAND-USD | −0.0528% | 1h | 0.04222 | +0.066% | $6K | $224K | 10x | as long as short |
| Binance SANDUSDT | −0.0528% | 8h | 0.04217 | −0.047% | $7.0M | $14.0M | 75x | as long as short |
| MEXC SAND_USDT | −0.0527% | 8h | 0.04220 | +0.024% | $11.3M | $1.9M | 200x | as long as short |
| BloFin SAND-USDT | −0.0502% | 8h | 0.04224 | +0.119% | $338K | $151K | 75x | as long as short |
| KuCoin SANDUSDTMshort | −0.0439% | 8h | 0.04227 | +0.190% | $2.6M | $428K | 50x |
Bybit SANDUSDT
Aster SANDUSDT
Variational Omni SAND
Gate SAND_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | −0.0341% | 8h | 0.04220 | +0.024% | $1.6M | $3.4M | 50x | as long as short |
| Bitget SANDUSDT | −0.0279% | 8h | 0.04217 | −0.047% | $1.8M | $537K | 10x | as long as short |
| BingX SAND-USDT | −0.0198% | 8h | 0.04220 | +0.024% | — | $2.4M | — | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −2.133% | $757 | $795 | 5.5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0043% | 1h | 0.04236 | +0.408% | $161K | $105K | 25x | as long as short |
OKX SAND-USDT-SWAP
Bitget SANDUSDT
BingX SAND-USDT
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSD