AR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h +0.004%

Price spread now: Injective against Hyperliquid−0.507%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.507% cheaper against Hyperliquid than usual: you would sell low and buy high (−$51 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AR	4.5953	0.0100	pay 0.0013% / 1h	37m 09s	$4.1M	$4.9M	5x
Short	Injective AR/USDC PERP	4.5720	0.0033	get 0.0004% / 1h	37m 09s	$3K	$339	5.5x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee InjectivebpOrdersPrice spread, now −0.507%Rate

Funding earned: −$14
Price spread: −0.507% → 0.000%: −$50.7
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: −$73.72
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 5 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, 5 min ago	4.91 bp	17.0 bp −$17	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.

AR on 17 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_ARUSD	−0.1963%	1h	4.5860	−0.203%	$52K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5922	−0.068%	$590K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0003%	8h	4.5780	−0.376%	$2.4M	$20.9M	20x	as long as short
Injective AR/USDC PERPshort	+0.0033%	1h	4.5720	−0.507%	$3K	$339	5.5x
Extended AR-USD	+0.0040%	1h	4.5867	−0.188%	$37K	$237K	10x	as long as short
MEXC AR_USDT	+0.0040%	8h	4.5880	−0.159%	$6.7M	$4.4M	100x	as long as short
Binance ARUSDT	+0.0040%	8h	4.5855	−0.214%	$9.1M	$55.6M	75x	as long as short
Hyperliquid ARlong	+0.0100%	1h	4.5953	long leg	$4.1M	$4.9M	5x
Aster ARUSDT	+0.0100%	8h	4.5849	−0.227%	$20K	$611K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5829	−0.270%	$4.6M	$8.9M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDT	+0.0100%	8h	4.5890	−0.137%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5880	−0.159%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5850	−0.224%	$3.9M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5870	−0.181%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5719	−0.509%	$139K	$172K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5870	−0.181%	$58K	$747K	50x	as long as short
BloFin AR-USDT	+0.0160%	8h	4.5870	−0.181%	$435K	$676K	20x	as long as short