Funding you earn now, next payment 22:00 UTC−0.0171%/8h= −18.7% APRpaid last 24h −0.006%
Price spread now: Bitget against Hyperliquid−0.055%7-day average −0.028% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.102%+$10 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.055%, 7d avg −0.028%
=Together, before fees+0.092%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bitget is 0.027% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.028%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.102%, 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 | 0.04144 | 0.0100 | pay 0.0013% / 1h | 45m 09s | $571K | $443K | 5x |
| Short | Bitget SANDUSDT | 0.04142 | −0.0071 | pay 0.0071% / 8h | 2h 45m | $1.7M | $551K | 10x |
Hyperliquid SAND
Bitget SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$35.91
- Price spread: −0.055% → −0.028%
- −$2.72
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$59.63
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 39 min ago; Bitget: live order book, 2 min ago. 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, 39 min ago | 1.80 bp | 47.0 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 3.62 bp | 22.9 bp −$23 | 40.2 bp −$402 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAND | −0.0150% | 8h | 0.04146 | +0.042% | $113K | $5K | — | as long as short |
| Bitget SANDUSDTshort | −0.0071% | 8h | 0.04142 | −0.055% | $1.7M | $551K | 10x | |
| KuCoin SANDUSDTM | −0.0059% | 8h | 0.04142 | −0.055% | $2.6M | $364K | 50x | as long as short |
| Aster SANDUSDT | −0.0014% | 8h | 0.04150 | +0.149% | $13K | $18K | 10x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.369% | $757 | $795 | 5.5x | as long as short |
| BloFin SAND-USDT | +0.0045% | 8h | 0.04145 | +0.017% | $322K | $289K | 75x | as long as short |
| Extended SAND-USD | +0.0048% | 1h | 0.04147 | +0.055% | $3K | $194K | 10x | as long as short |
| MEXC SAND_USDT | +0.0048% | 8h | 0.04146 | +0.041% | $11.7M | $1.7M | 200x | as long as short |
| Binance SANDUSDT | +0.0048% | 8h | 0.04145 | +0.026% | $6.5M | $12.3M | 75x | as long as short |
| Hyperliquid SANDlong | +0.0100% | 1h | 0.04144 | long leg | $571K | $443K | 5x |
Variational Omni SAND
KuCoin SANDUSDTM
Aster SANDUSDT
Injective SAND/USDC PERP
BloFin SAND-USDT
Extended SAND-USD
MEXC SAND_USDT
Binance SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | +0.0100% | 8h | 0.04144 | −0.007% | $3.3M | $3.2M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04149 | +0.113% | $1.8M | $3.3M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04151 | +0.162% | $462K | $572K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04146 | +0.041% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0285% | 1h | 0.04149 | +0.125% | $155K | $96K | 25x | as long as short |
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD