SAND

Alert

Funding spread now, next payment 14:00 UTC−0.0207%/8h

paid, last 24h+0.017%paid, last 7 days−0.036%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% 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	Hyperliquid SAND	0.04190	0.0100	pay 0.0013% / 1h	36m 25s	$589K	$326K	5x
Short	MEXC SAND_USDT	0.04190	−0.0107	pay 0.0107% / 8h	2h 36m	$11.4M	$1.5M	200x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee MEXCbpOrdersRate

Funding earned: −$43.47
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$56.47
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 5 min ago; MEXC: live order book, 8 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.010%
Avg gap 7d: +0.022%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 5 min ago	1.31 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 8 min ago	1.19 bp	9.2 bp −$9	16.1 bp −$161	74.4 bp −$7,443	198.4 bp −$99.2K

SAND on 15 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni SAND	−0.0240%	8h	$114K	$4K	—	as long as short
Binance SANDUSDT	−0.0108%	8h	$6.5M	$12.0M	75x	as long as short
MEXC SAND_USDTshort	−0.0107%	8h	$11.4M	$1.5M	200x
Extended SAND-USD	−0.0104%	1h	$7K	$190K	10x	as long as short
Kraken Futures PF_SANDUSD	−0.0051%	1h	$159K	$99K	25x	as long as short
Aster SANDUSDT	−0.0038%	8h	$14K	$29K	10x	as long as short
Bitget SANDUSDT	−0.0012%	8h	$1.8M	$472K	10x	as long as short
Gate SAND_USDT	+0.0012%	8h	$436K	$511K	75x	as long as short
BloFin SAND-USDT	+0.0012%	8h	$335K	$252K	75x	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	$757	$74K	5.5x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin SANDUSDTM	+0.0088%	8h	$2.7M	$232K	50x	as long as short
Hyperliquid SANDlong	+0.0100%	1h	$589K	$326K	5x
Bybit SANDUSDT	+0.0100%	8h	$3.3M	$2.9M	75x	as long as short
OKX SAND-USDT-SWAP	+0.0100%	8h	$1.8M	$3.0M	50x	as long as short
BingX SAND-USDT	+0.0100%	8h	—	$2.5M	—	as long as short