Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.023%
Price spread now: Injective against Hyperliquid+0.021%7-day average −0.349% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 4 days (all we have)−0.573%−$57 · spread now +0.021%, 7d avg −0.349%
=Together, before fees−0.595%+ Points / potential airdropHyperliquid: Season 2 · farm board−$60 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 0.371% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.349%): +$37 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 19 days. At the pace of the last 7 days (−0.022% in total) that is about 4 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ETC | 8.8731 | 0.0100 | pay 0.0013% / 1h | 34m 35s | $2.5M | $601K | 5x |
| Short | Injective ETC/USDC PERP | 8.8750 | 0.0033 | get 0.0004% / 1h | 34m 35s | $34 | $102K | 5.5x |
Hyperliquid ETC
Injective ETC/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: +0.021% → −0.349%
- $37.07
- 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
- $14.05
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 6 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, 6 min ago | 2.71 bp | 16.2 bp −$16 | 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.
ETC on 22 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_ETCUSD | −0.0118% | 1h | 8.8628 | −0.116% | $1.9M | $685K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8610 | −0.136% | $9K | $71 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8659 | −0.081% | $502 | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8644 | −0.098% | — | — | 150x | as long as short |
| Injective ETC/USDC PERPshort | +0.0033% | 1h | 8.8750 | +0.021% | $34 | $102K | 5.5x | |
| Hyperliquid ETClong | +0.0100% | 1h | 8.8731 | long leg | $2.5M | $601K | 5x | |
| Aster ETCUSDT | +0.0100% | 8h | 8.8583 | −0.167% | $991K | $8K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8567 | −0.185% | $26.4M | $69.8M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8480 | −0.283% | $12.9M | $8.0M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8480 | −0.283% | $8.5M | $17.6M | 50x | as long as short |
Kraken Futures PF_ETCUSD
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
gTrade (Gains Network) ETC/USD
Aster ETCUSDT
Binance ETCUSDT
Bybit ETCUSDT
OKX ETC-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ETC_USDT | +0.0100% | 8h | 8.8610 | −0.136% | $3.6M | $2.7M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8590 | −0.159% | $7.2M | $33.0M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8630 | −0.114% | $2.9M | $661K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8525 | −0.232% | $9.7M | $3.7M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.8590 | −0.159% | — | $713K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8560 | −0.193% | $125K | $4K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8640 | −0.103% | $172 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8635 | −0.108% | $120K | $292K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8650 | −0.091% | $2.0M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8589 | −0.160% | $12K | $93K | 25x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0208% | 1h | 8.7360 | −1.545% | $33K | $21K | 50x | as long as short |
| BloFin ETC-USDT | +0.0345% | 8h | 8.8690 | −0.046% | $1.4M | $284K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDC
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
Coinbase International ETC-PERP-INTX
BloFin ETC-USDT