Funding you earn now, next payment 23:00 UTC−0.0333%/8h= −36.5% APRpaid last 24h −0.004%
Price spread now: Hyperliquid against MEXC−0.093%7-day average −0.026% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)+0.149%+$15 · spread now −0.093%, 7d avg −0.026%
=Together, before fees+0.189%+ Points / potential airdropHyperliquid: Season 2 · farm board+$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Hyperliquid is 0.067% cheaper against MEXC than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.026%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% 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 | MEXC SAND_USDT | 0.04176 | −0.0014 | get 0.0014% / 8h | 1h 28m | $11.7M | $1.7M | 200x |
| Short | Hyperliquid SAND | 0.04172 | −0.0347 | pay 0.0043% / 1h | 28m 21s | $574K | $445K | 5x |
MEXC SAND_USDT
Hyperliquid SANDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against MEXC. 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
- −$70
- Price spread: −0.093% → −0.026%
- −$6.73
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$89.73
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 5 min ago; Hyperliquid: live order book, 51 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 MEXC live order book, 5 min ago | 2.40 bp | 8.8 bp −$9 | 16.8 bp −$168 | 81.3 bp −$8,132 | 188.6 bp −$94.3K |
| Sell Hyperliquid live order book, 51 min ago | 1.92 bp | 59.7 bp −$60 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SANDshort | −0.0347% | 1h | 0.04172 | −0.093% | $574K | $445K | 5x | |
| Variational Omni SAND | −0.0201% | 8h | 0.04165 | −0.264% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0112% | 8h | 0.04174 | −0.047% | $14K | $18K | 10x | as long as short |
| Kraken Futures PF_SANDUSD | −0.0080% | 1h | 0.04176 | +0.002% | $154K | $99K | 25x | as long as short |
| Bitget SANDUSDT | −0.0056% | 8h | 0.04173 | −0.072% | $1.7M | $546K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0047% | 8h | 0.04174 | −0.048% | $2.6M | $372K | 50x | as long as short |
| BloFin SAND-USDT | −0.0037% | 8h | 0.04170 | −0.144% | $324K | $292K | 75x | as long as short |
| Extended SAND-USD | −0.0016% | 1h | 0.04176 | −0.008% | $3K | $194K | 10x | as long as short |
| Binance SANDUSDT | −0.0015% | 8h | 0.04176 | +0.011% | $6.6M | $12.4M | 75x | as long as short |
| MEXC SAND_USDTlong | −0.0014% | 8h | 0.04176 | long leg | $11.7M | $1.7M | 200x |
Variational Omni SAND
Aster SANDUSDT
Kraken Futures PF_SANDUSD
Bitget SANDUSDT
KuCoin SANDUSDTM
BloFin SAND-USDT
Extended SAND-USD
Binance SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.125% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDT | +0.0100% | 8h | 0.04171 | −0.120% | $3.4M | $3.3M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04173 | −0.072% | $1.8M | $3.4M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04173 | −0.072% | $464K | $570K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04171 | −0.120% | — | $2.4M | — | as long as short |
Injective SAND/USDC PERP
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT