DOT

Alert: funding

Alert: spread

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: Hyperliquid against Injective−1.539%7-day average −0.575% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)+1.556%+$156 · spread now −1.539%, 7d avg −0.575%

Together, before fees+1.566%+ Points / potential airdropHyperliquid: Season 2 · farm board+$157 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.964% cheaper against Injective than usual: you would sell low and buy high (spread −1.539% now, against its 7-day average of −0.575%). If the spread goes back, that is −$96 on $10k: about 48 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.010% in total) that is about 22 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective DOT/USDC PERP	1.2020	0.0033	pay 0.0004% / 1h	6m 40s	$328	$121K	12x
Short	Hyperliquid DOT	1.1835	0.0100	get 0.0013% / 1h	6m 40s	$5.3M	$3.3M	10x

Funding 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

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee HyperliquidbpOrdersPrice spread, now −1.539%Rate

Funding earned: $14
Price spread: −1.539% → −0.575%: −$96.37
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: −$91.39
Costs to cover: 0.090%
Break-even: 52.7 days

Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 5 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, 5 min ago	1.68 bp	7.7 bp −$8	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.

DOT on 29 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 DOT_USDC-PERPETUAL	−0.1854%	1h	1.1856	−1.364%	$225K	$121K	50x	as long as short
Coinbase International DOT-PERP-INTX	−0.0608%	1h	1.1860	−1.331%	$195K	$1.9M	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1844	−1.468%	$256	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1832	−1.564%	$142K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1850	−1.414%	$3K	—	150x	as long as short
Injective DOT/USDC PERPlong	+0.0033%	1h	1.2020	long leg	$328	$121K	12x
Lighter DOT	+0.0096%	1h	1.1836	−1.535%	$268K	$636K	10x	as long as short
Hyperliquid DOTshort	+0.0100%	1h	1.1835	−1.539%	$5.3M	$3.3M	10x
Aster DOTUSDT	+0.0100%	8h	1.1855	−1.371%	$856K	$597K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.1835	−1.539%	$43.6M	$85.0M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOTUSDT	+0.0100%	8h	1.1831	−1.572%	$24.3M	$18.9M	75x	as long as short
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1833	−1.556%	$9.4M	$24.2M	50x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1830	−1.581%	$6.6M	$11.9M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1835	−1.539%	$29.9M	$53.5M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1836	−1.531%	$6.5M	$9.2M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1830	−1.581%	$22.6M	$14.7M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.1835	−1.539%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1847	−1.439%	$92K	$130K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1874	−1.212%	$541K	$58K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1872	−1.231%	$35K	$334K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1870	−1.248%	$236K	$407K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1840	−1.498%	$8K	$22K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1871	−1.240%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1864	−1.298%	$258K	$242K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1829	−1.587%	$14K	$310K	25x	as long as short
Phemex DOTUSDT	+0.0138%	8h	1.1860	−1.331%	$2.3M	$2.2M	50x	as long as short
Kraken Futures PF_DOTUSD	+0.0214%	1h	1.1856	−1.365%	$4.4M	$1.4M	50x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1846	−1.448%	$2.2M	$899K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0302% / S −0.1012%	1h	1.1851	−1.404%	$22K	—	100x	as long as short