Funding you earn now, next payment 01:00 UTC−0.0215%/8h= −23.6% APRnext payment −$0.27 per $10,000 · paid last 24h −0.009%
Price spread now: Hyperliquid against Extended+0.054%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$970.972% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.054%, 7d avg +0.005%
=Together, before fees+0.043%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.050% dearer against Extended than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of +0.005%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 18 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.031% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.27 per $10,000. 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 | Extended SAND-USD | 0.04194 | −0.0032 | get 0.0004% / 1h | 11m 10s | $4K | $174K | 10x |
| Short | Hyperliquid SAND | 0.04196 | −0.0247 | pay 0.0031% / 1h | 11m 10s | $579K | $455K | 5x |
Extended SAND-USD
Hyperliquid SANDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. 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
- −$45.18
- Price spread: +0.054% → +0.005%
- $4.97
- Slippage, 4 orders
- −$83.17
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$137.38
- Costs to cover
- 0.972%
- Break-even
- never at this rate
Slippage from Extended: live order book, 60 min ago; Hyperliquid: live order book, 49 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 Extended live order book, 60 min ago | 2.64 bp | 12.3 bp −$12 | 77.7 bp −$777 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 49 min ago | 2.04 bp | 46.0 bp −$46 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SANDUSD | −0.0758% | 1h | 0.04202 | +0.208% | $156K | $118K | 25x | as long as short |
| Variational Omni SAND | −0.0295% | 8h | 0.04195 | +0.040% | $115K | $5K | — | as long as short |
| Hyperliquid SANDshort | −0.0247% | 1h | 0.04196 | +0.054% | $579K | $455K | 5x | |
| Bybit SANDUSDT | −0.0220% | 8h | 0.04194 | +0.009% | $3.4M | $3.4M | 75x | as long as short |
| Aster SANDUSDT | −0.0134% | 8h | 0.04201 | +0.169% | $14K | $17K | 10x | as long as short |
| BloFin SAND-USDT | −0.0050% | 8h | 0.04192 | −0.039% | $319K | $293K | 75x | as long as short |
| Bitget SANDUSDT | −0.0044% | 8h | 0.04192 | −0.039% | $1.7M | $576K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0035% | 8h | 0.04192 | −0.039% | $2.6M | $373K | 50x | as long as short |
| Extended SAND-USDlong | −0.0032% | 1h | 0.04194 | long leg | $4K | $174K | 10x | |
| Binance SANDUSDT | −0.0030% | 8h | 0.04195 | +0.033% | $6.5M | $12.2M | 75x | as long as short |
Kraken Futures PF_SANDUSD
Variational Omni SAND
Bybit SANDUSDT
Aster SANDUSDT
BloFin SAND-USDT
Bitget SANDUSDT
KuCoin SANDUSDTM
Binance SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SAND_USDT | −0.0030% | 8h | 0.04195 | +0.033% | $11.7M | $1.8M | 200x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.541% | $757 | $795 | 5.5x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04194 | +0.009% | $1.7M | $3.2M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04204 | +0.247% | $506K | $588K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04196 | +0.057% | — | $2.4M | — | as long as short |
MEXC SAND_USDT
Injective SAND/USDC PERP
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT