Funding you earn now, next payment 00:00 UTC+0.0295%/8h= +32.3% APRnext payment +$0.37 per $10,000 · paid last 24h +0.083%
Price spread now: Hyperliquid against Injective−0.286%7-day average +0.353% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.188%+$19 on $10k
+Price spread, last 3 days (all we have)+0.709%+$71 · spread now −0.286%, 7d avg +0.353%
=Together, before fees+0.896%+ Points / potential airdropHyperliquid: Season 2 · farm board+$90 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.639% cheaper against Injective than usual: you would sell low and buy high (spread −0.286% now, against its 7-day average of +0.353%). If the spread goes back, that is −$64 on $10k: about 7.2 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.188% in total) that is about 24 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.188% in total (about 9.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 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 CRV/USDC PERP | 0.3670 | −0.0146 | get 0.0018% / 1h | 10m 59s | $79 | $384K | 12x |
| Short | Hyperliquid CRV | 0.3659 | 0.0149 | get 0.0019% / 1h | 10m 59s | $22.7M | $16.5M | 10x |
Injective CRV/USDC PERP
Hyperliquid CRVFunding 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
- $61.96
- Price spread: −0.286% → +0.353%
- −$63.88
- 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
- −$10.94
- Costs to cover
- 0.090%
- Break-even
- 8.2 days
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 12 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, 12 min ago | 0.68 bp | 11.0 bp −$11 | 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.
CRV on 30 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 CRV_USDC-PERPETUAL | −0.0297% | 1h | 0.3653 | −0.463% | $57K | $50K | 25x | as long as short |
| Injective CRV/USDC PERPlong | −0.0146% | 1h | 0.3670 | long leg | $79 | $384K | 12x | |
| Phoenix CRV | −0.0108% | 1h | 0.3660 | −0.259% | $26K | $176K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3652 | −0.478% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3662 | −0.226% | $38K | $5K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3654 | −0.436% | $24K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3654 | −0.436% | $414K | $737K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3655 | −0.397% | $130K | $184K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3660 | −0.276% | $369K | $208K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3655 | −0.409% | $25.6M | $56.2M | 75x | as long as short |
Deribit CRV_USDC-PERPETUAL
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3655 | −0.409% | $27.7M | $17.3M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3655 | −0.409% | $8.8M | $21.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3656 | −0.381% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3657 | −0.354% | $14.5M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3657 | −0.354% | $7.3M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3658 | −0.327% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3655 | −0.409% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3652 | −0.491% | $1.1M | $111K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3660 | −0.274% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3656 | −0.368% | $512K | $431K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3659 | −0.300% | $60K | $696K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3674 | +0.109% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3655 | −0.414% | $243K | $881K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3654 | −0.435% | $19K | $9K | 3x | as long as short |
| Hyperliquid CRVshort | +0.0149% | 1h | 0.3659 | −0.286% | $22.7M | $16.5M | 10x | |
| Kraken Futures PF_CRVUSD | +0.0156% | 1h | 0.3656 | −0.371% | $3.1M | $2.9M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3657 | −0.354% | $1.4M | $4.4M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3665 | −0.136% | $385K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0438% / S −0.0188% | 1h | 0.3654 | −0.425% | $229K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0515% | 1h | 0.3656 | −0.392% | $106K | $291K | 10x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP