Funding you earn now, next payment 09:00 UTC+0.0377%/8h= +41.3% APRpaid last 24h +0.009%
Price spread now: KuCoin against Hyperliquid−0.037%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1431.431% of the position
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.037%, 7d avg −0.012%
=Together, before fees+0.300%+ Points / potential airdropHyperliquid: Season 2 · farm board+$30 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.025% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of −0.012%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.161% in total) that is about 26 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.161% in total (about 8.4% 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 | 0.04278 | −0.0781 | get 0.0098% / 1h | 0m 23s | $589K | $328K | 5x |
| Short | KuCoin SANDUSDTM | 0.04276 | −0.0404 | pay 0.0404% / 8h | 7h 00m | $2.6M | $421K | 50x |
Hyperliquid SAND
KuCoin SANDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $79.26
- Price spread: −0.037% → −0.012%
- −$2.52
- Slippage, 4 orders
- −$122.09
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$66.35
- Costs to cover
- 1.431%
- Break-even
- 12.9 days
Slippage from Hyperliquid: live order book, 49 min ago; KuCoin: live order book, 6 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, 49 min ago | 1.18 bp | 13.1 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 11.69 bp | 57.9 bp −$58 | 130.7 bp −$1,307 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SANDlong | −0.0781% | 1h | 0.04278 | long leg | $589K | $328K | 5x | |
| Aster SANDUSDT | −0.0611% | 8h | 0.04288 | +0.254% | $15K | $19K | 10x | as long as short |
| Variational Omni SAND | −0.0598% | 8h | 0.04274 | −0.079% | $117K | $2K | — | as long as short |
| BloFin SAND-USDT | −0.0537% | 8h | 0.04283 | +0.126% | $338K | $148K | 75x | as long as short |
| Binance SANDUSDT | −0.0537% | 8h | 0.04282 | +0.103% | $7.0M | $14.0M | 75x | as long as short |
| Extended SAND-USD | −0.0536% | 1h | 0.04275 | −0.066% | $3K | $226K | 10x | as long as short |
| MEXC SAND_USDT | −0.0534% | 8h | 0.04282 | +0.103% | $11.4M | $2.0M | 200x | as long as short |
| Bybit SANDUSDT | −0.0484% | 8h | 0.04281 | +0.079% | $3.7M | $4.0M | 75x | as long as short |
| KuCoin SANDUSDTMshort | −0.0404% | 8h | 0.04276 | −0.037% | $2.6M | $421K | 50x | |
| OKX SAND-USDT-SWAP | −0.0333% | 8h | 0.04283 | +0.126% | $1.6M | $3.3M | 50x | as long as short |
Aster SANDUSDT
Variational Omni SAND
BloFin SAND-USDT
Binance SANDUSDT
Extended SAND-USD
MEXC SAND_USDT
Bybit SANDUSDT
OKX SAND-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SANDUSDT | −0.0269% | 8h | 0.04276 | −0.037% | $1.8M | $523K | 10x | as long as short |
| Gate SAND_USDT | −0.0235% | 8h | 0.04278 | +0.009% | $510K | $633K | 75x | as long as short |
| BingX SAND-USDT | −0.0183% | 8h | 0.04282 | +0.103% | — | $2.4M | — | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −3.474% | $757 | $795 | 5.5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0043% | 1h | 0.04297 | +0.447% | $163K | $106K | 25x | as long as short |
Bitget SANDUSDT
Gate SAND_USDT
BingX SAND-USDT
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSD