Funding you earn now, next payment 05:00 UTC+0.0495%/8h= +54.2% APRpaid last 24h +0.049%
Price spread now: OKX against Hyperliquid+0.238%7-day average +0.056% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.073%+$7 on $10k
+Price spread, last 4 days (all we have)−0.212%−$21 · spread now +0.238%, 7d avg +0.056%
=Together, before fees−0.139%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and OKX is 0.182% dearer against Hyperliquid than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.056%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.073% in total (about 3.8% 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 | 0.04203 | −0.0553 | get 0.0069% / 1h | 53m 29s | $579K | $326K | 5x |
| Short | OKX SAND-USDT-SWAP | 0.04213 | −0.0057 | pay 0.0057% / 8h | 3h 53m | $1.7M | $3.3M | 50x |
Hyperliquid SAND
OKX SAND-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $104.02
- Price spread: +0.238% → +0.056%
- $18.2
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $103.22
- Costs to cover
- 0.190%
- Break-even
- 0.1 days
Slippage unknown: Hyperliquid: live order book, 36 min ago; OKX: live order book, 4 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, 36 min ago | 1.80 bp | 26.9 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.19 bp | 18.0 bp −$18 | 103.3 bp −$1,033 | 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 | −0.1110% | 1h | 0.04223 | +0.487% | $158K | $107K | 25x | as long as short |
| Hyperliquid SANDlong | −0.0553% | 1h | 0.04203 | long leg | $579K | $326K | 5x | |
| Variational Omni SAND | −0.0318% | 8h | 0.04205 | +0.054% | $115K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0254% | 8h | 0.04214 | +0.266% | $14K | $16K | 10x | as long as short |
| BloFin SAND-USDT | −0.0176% | 8h | 0.04223 | +0.476% | $327K | $202K | 75x | as long as short |
| Binance SANDUSDT | −0.0168% | 8h | 0.04212 | +0.214% | $6.7M | $12.4M | 75x | as long as short |
| Extended SAND-USD | −0.0168% | 1h | 0.04211 | +0.186% | $6K | $173K | 10x | as long as short |
| MEXC SAND_USDT | −0.0165% | 8h | 0.04209 | +0.143% | $11.8M | $1.9M | 200x | as long as short |
| Bitget SANDUSDT | −0.0165% | 8h | 0.04204 | +0.024% | $1.7M | $555K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0080% | 8h | 0.04206 | +0.071% | $2.6M | $358K | 50x | as long as short |
Kraken Futures PF_SANDUSD
Variational Omni SAND
Aster SANDUSDT
BloFin SAND-USDT
Binance SANDUSDT
Extended SAND-USD
MEXC SAND_USDT
Bitget SANDUSDT
KuCoin SANDUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAPshort | −0.0057% | 8h | 0.04213 | +0.238% | $1.7M | $3.3M | 50x | |
| Gate SAND_USDT | +0.0033% | 8h | 0.04216 | +0.309% | $478K | $639K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.761% | $757 | $795 | 5.5x | as long as short |
| BingX SAND-USDT | +0.0043% | 8h | 0.04212 | +0.214% | — | $2.4M | — | as long as short |
| Bybit SANDUSDT | +0.0050% | 8h | 0.04213 | +0.238% | $3.5M | $3.6M | 75x | as long as short |
Gate SAND_USDT
Injective SAND/USDC PERP
BingX SAND-USDT
Bybit SANDUSDT