Funding you earn now, next payment 02:00 UTC−0.0071%/8h= −7.8% APRnext payment −$0.09 per $10,000 · paid last 24h −0.025%
Price spread now: Hyperliquid against Injective+0.513%7-day average −0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$980.981% of the position
Funding, last 7 days−0.441%−$44 on $10k
+Price spread, last 3 days (all we have)−0.681%−$68 · spread now +0.513%, 7d avg −0.110%
=Together, before fees−1.122%+ Points / potential airdropHyperliquid: Season 2 · farm board−$112 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.623% dearer against Injective than usual: you sell high and buy low (spread +0.513% now, against its 7-day average of −0.110%): +$62 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 29 days. At the pace of the last 7 days (−0.441% in total) that is about 9.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ATOM/USDC PERP | 1.7940 | 0.0171 | pay 0.0021% / 1h | 52m 41s | $654 | $290K | 12x |
| Short | Hyperliquid ATOM | 1.8032 | 0.0100 | get 0.0013% / 1h | 52m 41s | $2.8M | $854K | 5x |
Injective ATOM/USDC PERP
Hyperliquid ATOMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Injective. 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
- −$14.87
- Price spread: +0.513% → −0.110%
- $62.25
- Slippage, 4 orders
- −$89.05
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$50.68
- Costs to cover
- 0.981%
- Break-even
- never at this rate
Slippage from Injective: live order book, 1 min ago; Hyperliquid: live order book, 8 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 Injective live order book, 1 min ago | 36.12 bp | 36.1 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.83 bp | 10.9 bp −$11 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ATOMUSDT | −0.0163% | 8h | 1.8015 | +0.418% | $15.0M | $10.8M | 75x | as long as short |
| OKX ATOM-USDT-SWAP | −0.0081% | 8h | 1.8020 | +0.446% | $5.1M | $5.7M | 50x | as long as short |
| Variational Omni ATOM | −0.0081% | 8h | 1.7902 | −0.211% | $573K | $76K | — | as long as short |
| Kraken Futures PF_ATOMUSD | −0.0010% | 1h | 1.8024 | +0.466% | $3.1M | $700K | 50x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8037 | +0.541% | $63K | $4K | 10x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | 0.0000% | 1h | 1.8019 | +0.440% | $495 | $10K | 25x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8015 | +0.420% | $12K | — | 150x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0024% | 1h | 1.7940 | 0.000% | $25K | $12K | 25x | as long as short |
| BloFin ATOM-USDT | +0.0075% | 8h | 1.7990 | +0.279% | $1.1M | $323K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0093% | 8h | 1.8010 | +0.390% | $1.6M | $1.9M | 50x | as long as short |
Bybit ATOMUSDT
OKX ATOM-USDT-SWAP
Variational Omni ATOM
Kraken Futures PF_ATOMUSD
dYdX ATOM-USD
Deribit ATOM_USDC-PERPETUAL
gTrade (Gains Network) ATOM/USD
Coinbase International ATOM-PERP-INTX
BloFin ATOM-USDT
Phemex ATOMUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ATOMshort | +0.0100% | 1h | 1.8032 | +0.513% | $2.8M | $854K | 5x | |
| Aster ATOMUSDT | +0.0100% | 8h | 1.7995 | +0.304% | $975K | $245K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8037 | +0.540% | $21.4M | $31.7M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8020 | +0.446% | $2.5M | $818K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8030 | +0.502% | $8.7M | $3.1M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8050 | +0.613% | $1.6M | $795K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8031 | +0.507% | $6.8M | $2.9M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8030 | +0.502% | — | $24.7M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.7982 | +0.231% | $442K | $294K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.7948 | +0.046% | $762K | $2.9M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.7985 | +0.251% | $313K | $181K | 75x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8020 | +0.448% | $9K | $207K | 10x | as long as short |
| Injective ATOM/USDC PERPlong | +0.0171% | 1h | 1.7940 | long leg | $654 | $290K | 12x | |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8017 | +0.427% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.7997 | +0.319% | $2K | — | 25x | as long as short |
Aster ATOMUSDT
Binance ATOMUSDT
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Extended ATOM-USD
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP