Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.024%
Price spread now: Injective against Hyperliquid+0.187%93s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
The price spread pays, funding is against you. Injective is 0.187% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.187% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.3 days. The two prices were read 93 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 AXS | 1.0700 | 0.0100 | pay 0.0013% / 1h | 53m 52s | $258K | $309K | 5x |
| Short | Injective AXS/USDC PERP | 1.0720 | 0.0033 | get 0.0004% / 1h | 53m 52s | $5 | $47K | 5.5x |
Hyperliquid AXS
Injective AXS/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: +0.187% → 0.000%
- $18.69
- 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
- −$4.33
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 36 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, 36 min ago | 2.79 bp | 29.4 bp −$29 | 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.
AXS on 20 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 AXS/USDC PERPshort | +0.0033% | 1h | 1.0720 | +0.187% | $5 | $47K | 5.5x | |
| Orderly PERP_AXS_USDC | +0.0093% | 4h | 1.0700 | 0.000% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0725 | +0.234% | $33K | $41K | 5x | as long as short |
| Hyperliquid AXSlong | +0.0100% | 1h | 1.0700 | long leg | $258K | $309K | 5x | |
| Aster AXSUSDT | +0.0100% | 4h | 1.0702 | +0.016% | $73K | $14K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0695 | −0.043% | $6.1M | $10.1M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0704 | +0.037% | $3.7M | $4.2M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0699 | −0.009% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0695 | −0.047% | $851K | $896K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0694 | −0.056% | $11.4M | $666K | 50x | as long as short |
Orderly PERP_AXS_USDC
Lighter AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDT
MEXC AXS_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0700 | 0.000% | $600K | $300K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0700 | 0.000% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0702 | +0.019% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0721 | +0.198% | $36K | $3K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0676 | −0.225% | $759K | $875K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0695 | −0.047% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0693 | −0.065% | $747 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0693 | −0.063% | $7K | $243K | 10x | as long as short |
| BloFin AXS-USDT | +0.0153% | 4h | 1.0692 | −0.075% | $278K | $24K | 75x | as long as short |
| Kraken Futures PF_AXSUSD | +0.0439% | 1h | 1.0706 | +0.054% | $139K | $347K | 20x | as long as short |
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BloFin AXS-USDT
Kraken Futures PF_AXSUSD