Funding you earn now, next payment 01:00 UTC−0.0797%/8h= −87.3% APRnext payment −$1.00 per $10,000 · paid last 24h −0.056%
Price spread now: Injective against Hyperliquid−1.267%73s7-day average +0.698% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.362%−$36 on $10k
+Price spread, last 3 days (all we have)−2.082%−$208 · spread now −1.267%, 7d avg +0.698%
=Together, before fees−2.444%+ Points / potential airdropHyperliquid: Season 2 · farm board−$244 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Injective is 1.965% cheaper against Hyperliquid than usual: you would sell low and buy high (−$197 if the spread goes back to its 7-day average of +0.698%). Swap the legs. The two prices were read 73 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 -0.362% in total (about -18.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.00 per $10,000. 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 AERO | 0.6991 | 0.0831 | pay 0.0104% / 1h | 20m 07s | $23.6M | $5.0M | 3x |
| Short | Injective AERO/USDC PERP | 0.6902 | 0.0033 | get 0.0004% / 1h | 20m 07s | $4 | $209K | 5.5x |
Hyperliquid AERO
Injective AERO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$167.47
- Price spread: −1.267% → +0.698%
- −$196.54
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$373.02
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 3 min ago; Injective: no order-book sample. 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, 3 min ago | 0.86 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
AERO on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AERO/USDC PERPshort | +0.0033% | 1h | 0.6902 | −1.267% | $4 | $209K | 5.5x | |
| Aster AEROUSDT | +0.0100% | 4h | 0.6970 | −0.295% | $40K | $109K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6975 | −0.223% | $26.5M | $26.3M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6974 | −0.237% | $22.5M | $20.6M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6980 | −0.152% | $2.3M | $6.9M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6973 | −0.252% | $1.6M | $495K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6977 | −0.195% | $8.3M | $1.7M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6971 | −0.280% | $2.1M | $937K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6974 | −0.237% | $4.1M | $2.1M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.6974 | −0.237% | — | $1.8M | — | as long as short |
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDT
BingX AERO-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AERO | +0.0100% | 4h | 0.6970 | −0.290% | $2.0M | $1.7M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6976 | −0.203% | $217K | $2.0M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6973 | −0.255% | $47K | — | 3x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0180% | 1h | 0.6978 | −0.180% | $55K | $11K | 10x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6970 | −0.292% | $20K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6974 | −0.237% | $943K | $717K | 25x | as long as short |
| 01 Exchange AEROUSD | +0.0448% | 1h | 0.6976 | −0.209% | $189 | $111 | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0511% / S −0.0240% | 1h | 0.6970 | −0.289% | $91K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0687% | 1h | 0.6971 | −0.283% | $215K | $392K | 3x | as long as short |
| Hyperliquid AEROlong | +0.0831% | 1h | 0.6991 | long leg | $23.6M | $5.0M | 3x | |
| Backpack AERO_USDC_PERP | +0.1399% | 1h | 0.6985 | −0.083% | $134K | $306K | 15x | as long as short |
| Lighter AERO | +0.1616% | 1h | 0.6993 | +0.027% | $1.3M | $461K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.3896% | 1h | 0.7449 | +6.557% | $98K | $38K | 25x | as long as short |
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Deribit AERO_USDC-PERPETUAL
Reya AERORUSDPERP
BloFin AERO-USDT
01 Exchange AEROUSD
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Backpack AERO_USDC_PERP
Lighter AERO
Coinbase International AERO-PERP-INTX