Funding you earn now, next payment 01:00 UTC+0.0097%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.023%
Price spread now: Hyperliquid against Injective+0.028%93s7-day average +0.391% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.072%+$7 on $10k
+Price spread, last 3 days (all we have)+0.415%+$41 · spread now +0.028%, 7d avg +0.391%
=Together, before fees+0.487%+ Points / potential airdropHyperliquid: Season 2 · farm board+$49 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.363% cheaper against Injective than usual: you would sell low and buy high (spread +0.028% now, against its 7-day average of +0.391%). If the spread goes back, that is −$36 on $10k: about 12 days of funding at the current rate (+$3 a day). 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 | Injective ETC/USDC PERP | 8.8750 | 0.0033 | pay 0.0004% / 1h | 49m 37s | $34 | $102K | 5.5x |
| Short | Hyperliquid ETC | 8.8775 | 0.0131 | get 0.0016% / 1h | 49m 37s | $2.5M | $569K | 5x |
Injective ETC/USDC PERP
Hyperliquid ETCFunding 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
- $20.45
- Price spread: +0.028% → +0.391%
- −$36.31
- 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
- −$24.89
- Costs to cover
- 0.090%
- Break-even
- 15.5 days
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 1 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, 1 min ago | 1.01 bp | 15.2 bp −$15 | 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.
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 | −0.0195% | 1h | 8.8701 | −0.055% | $2.0M | $724K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8681 | −0.078% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8698 | −0.059% | $502 | $978 | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8784 | +0.038% | — | — | 150x | as long as short |
| Injective ETC/USDC PERPlong | +0.0033% | 1h | 8.8750 | long leg | $34 | $102K | 5.5x | |
| Aster ETCUSDT | +0.0100% | 8h | 8.8703 | −0.053% | $993K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8740 | −0.012% | $26.6M | $69.1M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8650 | −0.113% | $13.0M | $7.3M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8720 | −0.034% | $8.8M | $17.1M | 50x | as long as short |
| Gate ETC_USDT | +0.0100% | 8h | 8.8710 | −0.045% | $3.6M | $2.5M | 60x | 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-SWAP
Gate ETC_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ETC_USDT | +0.0100% | 8h | 8.8720 | −0.034% | $7.8M | $32.4M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8660 | −0.101% | $2.9M | $727K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8715 | −0.039% | $9.8M | $3.8M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.8710 | −0.045% | — | $20.9M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8531 | −0.246% | $126K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8690 | −0.068% | $143 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8685 | −0.073% | $121K | $300K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8690 | −0.068% | $2.0M | $2.7M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8719 | −0.035% | $12K | $191K | 25x | as long as short |
| Hyperliquid ETCshort | +0.0131% | 1h | 8.8775 | +0.028% | $2.5M | $569K | 5x | |
| BloFin ETC-USDT | +0.0220% | 8h | 8.8550 | −0.225% | $1.4M | $216K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0672% | 1h | 8.9470 | +0.811% | $35K | $14K | 50x | as long as short |
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX