Funding you earn now, next payment 00:00 UTC+0.0358%/8h= +39.2% APRpaid last 24h +0.044%
Price spread now: BloFin against Hyperliquid+0.136%67s7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$910.913% of the position
Funding, last 7 days+0.182%+$18 on $10k
+Price spread, last 3 days (all we have)−0.134%−$13 · spread now +0.136%, 7d avg +0.034%
=Together, before fees+0.048%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and BloFin is 0.102% dearer against Hyperliquid than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.034%. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.182% in total (about 9.5% 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 | 0.04188 | −0.0297 | get 0.0037% / 1h | 50m 02s | $577K | $450K | 5x |
| Short | BloFin SAND-USDT | 0.04194 | 0.0060 | get 0.0060% / 8h | 50m 02s | $323K | $294K | 75x |
Hyperliquid SAND
BloFin SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $75.12
- Price spread: +0.136% → +0.034%
- $10.19
- Slippage, 4 orders
- −$70.29
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$5.98
- Costs to cover
- 0.913%
- Break-even
- 7.6 days
Slippage from Hyperliquid: live order book, 20 min ago; BloFin: live order book, 25 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, 20 min ago | 1.56 bp | 23.8 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 25 min ago | 3.60 bp | 14.5 bp −$14 | 26.4 bp −$264 | 84.8 bp −$8,476 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SANDlong | −0.0297% | 1h | 0.04188 | long leg | $577K | $450K | 5x | |
| Variational Omni SAND | −0.0179% | 8h | 0.04190 | +0.052% | $114K | $4K | — | as long as short |
| Kraken Futures PF_SANDUSD | −0.0139% | 1h | 0.04195 | +0.162% | $154K | $105K | 25x | as long as short |
| Aster SANDUSDT | −0.0061% | 8h | 0.04192 | +0.088% | $14K | $18K | 10x | as long as short |
| Bitget SANDUSDT | −0.0004% | 8h | 0.04190 | +0.041% | $1.7M | $539K | 10x | as long as short |
| KuCoin SANDUSDTM | +0.0006% | 8h | 0.04186 | −0.055% | $2.6M | $383K | 50x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.416% | $757 | $795 | 5.5x | as long as short |
| Extended SAND-USD | +0.0040% | 1h | 0.04191 | +0.068% | $3K | $194K | 10x | as long as short |
| MEXC SAND_USDT | +0.0041% | 8h | 0.04192 | +0.088% | $11.7M | $1.7M | 200x | as long as short |
| Binance SANDUSDT | +0.0044% | 8h | 0.04191 | +0.064% | $6.6M | $12.4M | 75x | as long as short |
Variational Omni SAND
Kraken Futures PF_SANDUSD
Aster SANDUSDT
Bitget SANDUSDT
KuCoin SANDUSDTM
Injective SAND/USDC PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SAND-USDTshort | +0.0060% | 8h | 0.04194 | +0.136% | $323K | $294K | 75x | |
| Bybit SANDUSDT | +0.0100% | 8h | 0.04189 | +0.017% | $3.4M | $3.3M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04191 | +0.064% | $1.8M | $3.4M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04193 | +0.112% | $466K | $553K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04192 | +0.088% | — | $2.4M | — | as long as short |
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT