Funding you earn now, next payment 05:00 UTC−0.4900%/8h= −536.5% APRnext payment −$6.13 per $10,000 · paid last 24h −0.600%
Price spread now: Hyperliquid against Injective−5.670%53s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.638%−$64 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
Both sides work against this trade now: funding costs −$147 a day on $10k at the current rate, and Hyperliquid is 5.670% cheaper against Injective than usual: you would sell low and buy high (−$567 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.638% in total (about -33.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.13 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective CELO/USDC PERP | 0.1000 | 0.5000 | pay 0.0625% / 1h | 36m 32s | $754 | $965 | 5.5x |
| Short | Hyperliquid CELO | 0.09433 | 0.0100 | get 0.0013% / 1h | 36m 32s | $206K | $212K | 3x |
Injective CELO/USDC PERP
Hyperliquid CELOFunding 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
- −$1,029
- Price spread: −5.670% → 0.000%
- −$567
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$1,605.02
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 43 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 43 min ago | 3.12 bp | 26.4 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
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.
CELO on 13 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_CELOUSD | −0.1172% | 1h | 0.09452 | −5.484% | $19K | $8K | 10x | as long as short |
| Variational Omni CELO | −0.0039% | 8h | 0.09428 | −5.716% | $10K | $462 | — | as long as short |
| BloFin CELO-USDT | +0.0075% | 8h | 0.09436 | −5.640% | $99K | $20K | 75x | as long as short |
| Hyperliquid CELOshort | +0.0100% | 1h | 0.09433 | −5.670% | $206K | $212K | 3x | |
| Binance CELOUSDT | +0.0100% | 8h | 0.09435 | −5.650% | $1.9M | $3.8M | 50x | as long as short |
| Bybit CELOUSDT | +0.0100% | 8h | 0.09422 | −5.780% | $1.3M | $911K | 50x | as long as short |
| OKX CELO-USDT-SWAP | +0.0100% | 8h | 0.09419 | −5.810% | $483K | $882K | 20x | as long as short |
| Gate CELO_USDT | +0.0100% | 8h | 0.09440 | −5.600% | $138K | $77K | 50x | as long as short |
| MEXC CELO_USDT | +0.0100% | 8h | 0.09424 | −5.760% | $593K | $262K | 50x | as long as short |
| KuCoin CELOUSDTM | +0.0100% | 8h | 0.09450 | −5.500% | $327K | $270K | 50x | as long as short |
Kraken Futures PF_CELOUSD
Variational Omni CELO
BloFin CELO-USDT
Binance CELOUSDT
Bybit CELOUSDT
OKX CELO-USDT-SWAP
Gate CELO_USDT
MEXC CELO_USDT
KuCoin CELOUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CELOUSDT | +0.0100% | 8h | 0.09430 | −5.700% | $852K | $432K | 50x | as long as short |
| BingX CELO-USDT | +0.0100% | 8h | 0.09434 | −5.660% | — | $2.4M | — | as long as short |
| Injective CELO/USDC PERPlong | +0.5000% | 1h | 0.1000 | long leg | $754 | $965 | 5.5x |
Bitget CELOUSDT
BingX CELO-USDT