Funding you earn now, next payment 04:00 UTC−0.0071%/8h= −7.8% APRpaid last 24h +0.050%
Price spread now: BingX against Hyperliquid−0.058%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$820.824% of the position
Funding, last 7 days+0.168%+$17 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.058%, 7d avg +0.040%
=Together, before fees+0.239%+ Points / potential airdropHyperliquid: Season 2 · farm board+$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.099% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.040%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.168%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SAND | 0.04118 | 0.0100 | pay 0.0013% / 1h | 49m 28s | $567K | $326K | 5x |
| Short | BingX SAND-USDT | 0.04116 | 0.0029 | get 0.0029% / 8h | 4h 49m | — | $2.4M | — |
Hyperliquid SAND
BingX SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$14.91
- Price spread: −0.058% → +0.040%
- −$9.86
- Slippage, 4 orders
- −$63.42
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$107.19
- Costs to cover
- 0.824%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 50 min ago; BingX: live order book, 15 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, 50 min ago | 3.13 bp | 25.5 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 3.62 bp | 15.1 bp −$15 | 28.2 bp −$282 | 141.3 bp −$14.1K | 403.4 bp −$201.7K |
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 | −0.0371% | 8h | 0.04122 | +0.094% | $113K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0276% | 8h | 0.04119 | +0.026% | $13K | $16K | 10x | as long as short |
| Gate SAND_USDT | −0.0211% | 8h | 0.04119 | +0.015% | $462K | $625K | 75x | as long as short |
| BloFin SAND-USDT | −0.0178% | 8h | 0.04123 | +0.112% | $322K | $215K | 75x | as long as short |
| Extended SAND-USD | −0.0168% | 1h | 0.04118 | −0.009% | $3K | $173K | 10x | as long as short |
| Binance SANDUSDT | −0.0164% | 8h | 0.04112 | −0.155% | $6.5M | $12.2M | 75x | as long as short |
| MEXC SAND_USDT | −0.0164% | 8h | 0.04116 | −0.058% | $11.4M | $1.7M | 200x | as long as short |
| Bitget SANDUSDT | −0.0103% | 8h | 0.04105 | −0.325% | $1.7M | $547K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0099% | 8h | 0.04113 | −0.131% | $2.5M | $366K | 50x | as long as short |
| Bybit SANDUSDT | −0.0046% | 8h | 0.04114 | −0.107% | $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 | +0.0025% | 8h | 0.04115 | −0.083% | $1.6M | $3.1M | 50x | as long as short |
| BingX SAND-USDTshort | +0.0029% | 8h | 0.04116 | −0.058% | — | $2.4M | — | |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | +0.257% | $757 | $795 | 5.5x | as long as short |
| Hyperliquid SANDlong | +0.0100% | 1h | 0.04118 | long leg | $567K | $326K | 5x | |
| Kraken Futures PF_SANDUSD | +0.0502% | 1h | 0.04119 | +0.017% | $154K | $106K | 25x | as long as short |
OKX SAND-USDT-SWAP
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSD