Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.291%
Price spread now: Injective against Hyperliquid+0.116%113s7-day average −0.348% · you sell dearer than you buy
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1101.100% of the position
Funding, last 7 days−0.332%−$33 on $10k
+Price spread, last 3 days (all we have)+0.129%+$13 · spread now +0.116%, 7d avg −0.348%
=Together, before fees−0.202%+ Points / potential airdropHyperliquid: Season 2 · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 0.464% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of −0.348%): +$46 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 23 days. At the pace of the last 7 days (−0.332% in total) that is about 9.8 days. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid APT | 0.7771 | 0.0100 | pay 0.0013% / 1h | 51m 25s | $5.6M | $6.1M | 10x |
| Short | Injective APT/USDC PERP | 0.7780 | 0.0033 | get 0.0004% / 1h | 51m 25s | $2K | $240K | 12x |
Hyperliquid APT
Injective APT/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
- −$14
- Price spread: +0.116% → −0.348%
- $46.41
- Slippage, 4 orders
- −$101
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$77.61
- Costs to cover
- 1.100%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Injective: live order book, 18 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, 11 min ago | 1.92 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 18 min ago | 44.16 bp | 44.2 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
APT on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni APT | −0.0006% | 8h | 0.7720 | −0.652% | $500K | $331K | — | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7768 | −0.041% | $39K | — | 150x | as long as short |
| Orderly PERP_APT_USDC | −0.0004% | 8h | 0.7769 | −0.026% | $10K | $7K | 10x | as long as short |
| dYdX APT-USD | 0.0000% | 1h | 0.7769 | −0.029% | $54K | $6K | 10x | as long as short |
| Deribit APT_USDC-PERPETUAL | +0.0007% | 1h | 0.7774 | +0.039% | $12K | $418K | 50x | as long as short |
| Injective APT/USDC PERPshort | +0.0033% | 1h | 0.7780 | +0.116% | $2K | $240K | 12x | |
| Lighter APT | +0.0096% | 1h | 0.7765 | −0.077% | $416K | $405K | 10x | as long as short |
| Hyperliquid APTlong | +0.0100% | 1h | 0.7771 | long leg | $5.6M | $6.1M | 10x | |
| Aster APTUSDT | +0.0100% | 8h | 0.7770 | −0.008% | $244K | $593K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7768 | −0.039% | $29.1M | $105.3M | 75x | as long as short |
Variational Omni APT
gTrade (Gains Network) APT/USD
Orderly PERP_APT_USDC
dYdX APT-USD
Deribit APT_USDC-PERPETUAL
Lighter APT
Aster APTUSDT
Binance APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit APTUSDT | +0.0100% | 8h | 0.7766 | −0.064% | $28.2M | $37.9M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7769 | −0.026% | $5.8M | $24.9M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7769 | −0.026% | $2.7M | $4.7M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7769 | −0.026% | $28.7M | $15.1M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7769 | −0.026% | $5.4M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7764 | −0.090% | $8.6M | $12.8M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7766 | −0.064% | — | $25.7M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7779 | +0.103% | $195K | $380K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7760 | −0.142% | $63K | $575K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7760 | −0.142% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7771 | 0.000% | $54 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7752 | −0.244% | $261K | $127K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7768 | −0.038% | $84K | $489K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7773 | +0.021% | $28K | $5K | 3x | as long as short |
| Kraken Futures PF_APTUSD | +0.0138% | 1h | 0.7769 | −0.030% | $529K | $642K | 50x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7773 | +0.029% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7761 | −0.129% | $1.5M | $958K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0272% | 1h | 0.7777 | +0.077% | $205K | $537K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0476% | 1h | 0.7766 | −0.059% | $3K | — | 20x | as long as short |
| 01 Exchange APTUSD | +0.3144% | 1h | 0.7814 | +0.553% | $2K | — | 5x | as long as short |
Bybit APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDT
Backpack APT_USDC_PERP
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
Kraken Futures PF_APTUSD
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
01 Exchange APTUSD