Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.030%
Price spread now: Injective against Hyperliquid−0.011%7-day average +0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1000.999% of the position
Funding, last 7 days+0.439%+$44 on $10k
+Price spread, last 3 days (all we have)+0.160%+$16 · spread now −0.011%, 7d avg +0.110%
=Together, before fees+0.599%+ Points / potential airdropHyperliquid: Season 2 · farm board+$60 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.121% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.110%). If the spread goes back, that is −$12 on $10k: about 13 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.439% in total) that is about 46 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ATOM | 1.8092 | 0.0100 | pay 0.0013% / 1h | 42m 35s | $2.8M | $982K | 5x |
| Short | Injective ATOM/USDC PERP | 1.8090 | 0.0132 | get 0.0016% / 1h | 42m 35s | $660 | $117K | 12x |
Hyperliquid ATOM
Injective ATOM/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
- $6.69
- Price spread: −0.011% → +0.110%
- −$12.13
- Slippage, 4 orders
- −$90.92
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$105.38
- Costs to cover
- 0.999%
- Break-even
- 117.3 days
Slippage from Hyperliquid: live order book, 9 min ago; Injective: live order book, 31 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, 9 min ago | 1.39 bp | 14.7 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 31 min ago | 36.12 bp | 36.1 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
ATOM on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ATOM_USDC-PERPETUAL | −0.0247% | 1h | 1.8089 | −0.017% | $497 | $10K | 25x | as long as short |
| Bybit ATOMUSDT | −0.0082% | 8h | 1.8085 | −0.039% | $15.2M | $10.4M | 75x | as long as short |
| Variational Omni ATOM | −0.0066% | 8h | 1.8025 | −0.370% | $576K | $18K | — | as long as short |
| OKX ATOM-USDT-SWAP | −0.0024% | 8h | 1.8070 | −0.122% | $5.2M | $5.0M | 50x | as long as short |
| Coinbase International ATOM-PERP-INTX | −0.0008% | 1h | 1.8060 | −0.177% | $25K | $11K | 25x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8099 | +0.040% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8093 | +0.006% | $9K | — | 150x | as long as short |
| Bitget ATOMUSDT | +0.0067% | 8h | 1.8085 | −0.039% | $6.6M | $2.6M | 75x | as long as short |
| BloFin ATOM-USDT | +0.0087% | 8h | 1.8110 | +0.099% | $1.1M | $325K | 75x | as long as short |
| Hyperliquid ATOMlong | +0.0100% | 1h | 1.8092 | long leg | $2.8M | $982K | 5x |
Deribit ATOM_USDC-PERPETUAL
Bybit ATOMUSDT
Variational Omni ATOM
OKX ATOM-USDT-SWAP
Coinbase International ATOM-PERP-INTX
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Bitget ATOMUSDT
BloFin ATOM-USDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ATOMUSDT | +0.0100% | 8h | 1.8087 | −0.029% | $984K | $238K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8106 | +0.076% | $21.6M | $30.1M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8090 | −0.011% | $2.5M | $828K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8100 | +0.044% | $9.0M | $2.9M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8100 | +0.044% | $1.6M | $800K | 50x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8080 | −0.066% | — | $25.0M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8062 | −0.168% | $444K | $297K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8060 | −0.177% | $765K | $3.0M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8083 | −0.050% | $308K | $183K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8090 | −0.011% | $1.6M | $1.8M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8104 | +0.066% | $6K | $184K | 10x | as long as short |
| Injective ATOM/USDC PERPshort | +0.0132% | 1h | 1.8090 | −0.011% | $660 | $117K | 12x | |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8091 | −0.006% | $3K | — | 120x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0203% | 1h | 1.8108 | +0.088% | $3.1M | $671K | 50x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8071 | −0.115% | $2K | — | 25x | as long as short |
Aster ATOMUSDT
Binance ATOMUSDT
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Phemex ATOMUSDT
Extended ATOM-USD
GMX ATOM/USD [ETH-USDC]
Kraken Futures PF_ATOMUSD
Reya ATOMRUSDPERP