Funding you earn now, next payment 07:00 UTC−0.0131%/8h= −14.4% APRpaid last 24h −0.043%
Price spread now: Hyperliquid against KuCoin−0.199%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1331.329% of the position
Funding, last 7 days−0.189%−$19 on $10k
+Price spread, last 4 days (all we have)+0.188%+$19 · spread now −0.199%, 7d avg +0.014%
=Together, before fees0.000%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Hyperliquid is 0.212% cheaper against KuCoin than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SANDUSDTM | 0.04222 | −0.0279 | get 0.0279% / 8h | 1h 05m | $2.6M | $386K | 50x |
| Short | Hyperliquid SAND | 0.04214 | −0.0410 | pay 0.0051% / 1h | 5m 11s | $581K | $328K | 5x |
KuCoin SANDUSDTM
Hyperliquid SANDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against KuCoin. 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
- −$27.53
- Price spread: −0.199% → +0.014%
- −$21.25
- Slippage, 4 orders
- −$111.94
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$181.71
- Costs to cover
- 1.329%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Hyperliquid: live order book, 65 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 KuCoin live order book, 2 min ago | 11.86 bp | 45.5 bp −$45 | 144.1 bp −$1,441 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 65 min ago | 0.71 bp | 21.3 bp −$21 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster SANDUSDT | −0.0438% | 8h | 0.04219 | −0.071% | $14K | $16K | 10x | as long as short |
| Hyperliquid SANDshort | −0.0410% | 1h | 0.04214 | −0.199% | $581K | $328K | 5x | |
| Variational Omni SAND | −0.0371% | 8h | 0.04218 | −0.100% | $115K | $4K | — | as long as short |
| Extended SAND-USD | −0.0352% | 1h | 0.04217 | −0.120% | $3K | $166K | 10x | as long as short |
| Binance SANDUSDT | −0.0350% | 8h | 0.04217 | −0.107% | $6.8M | $13.5M | 75x | as long as short |
| MEXC SAND_USDT | −0.0348% | 8h | 0.04221 | −0.024% | $11.3M | $2.0M | 200x | as long as short |
| BloFin SAND-USDT | −0.0336% | 8h | 0.04217 | −0.118% | $331K | $140K | 75x | as long as short |
| KuCoin SANDUSDTMlong | −0.0279% | 8h | 0.04222 | long leg | $2.6M | $386K | 50x | |
| Bitget SANDUSDT | −0.0227% | 8h | 0.04219 | −0.071% | $1.8M | $552K | 10x | as long as short |
| OKX SAND-USDT-SWAP | −0.0224% | 8h | 0.04218 | −0.095% | $1.7M | $3.3M | 50x | as long as short |
Aster SANDUSDT
Variational Omni SAND
Extended SAND-USD
Binance SANDUSDT
MEXC SAND_USDT
BloFin SAND-USDT
Bitget SANDUSDT
OKX SAND-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SANDUSD | −0.0214% | 1h | 0.04223 | +0.027% | $160K | $110K | 25x | as long as short |
| Bybit SANDUSDT | −0.0054% | 8h | 0.04219 | −0.071% | $3.6M | $4.0M | 75x | as long as short |
| BingX SAND-USDT | −0.0035% | 8h | 0.04220 | −0.047% | — | $2.4M | — | as long as short |
| Gate SAND_USDT | −0.0021% | 8h | 0.04224 | +0.047% | $492K | $681K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −2.203% | $757 | $795 | 5.5x | as long as short |
Kraken Futures PF_SANDUSD
Bybit SANDUSDT
BingX SAND-USDT
Gate SAND_USDT
Injective SAND/USDC PERP