Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.048%
Price spread now: Injective against Hyperliquid+1.041%73s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.096%+$110 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
The price spread pays, funding is against you. Injective is 1.041% dearer against Hyperliquid than usual: you sell high and buy low (spread +1.041% now, against zero (this spread has no 7-day history yet)): +$104 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 52 days. Mind the row above: over the last 7 days funding on this pair paid +1.096%, so the current rate has only just turned against you. The two prices were read 73 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 | Hyperliquid ETHFI | 0.7165 | 0.0100 | pay 0.0013% / 1h | 42m 00s | $18.1M | $8.9M | 5x |
| Short | Injective ETHFI/USDC PERP | 0.7240 | 0.0033 | get 0.0004% / 1h | 42m 00s | $321 | $51K | 5.5x |
Hyperliquid ETHFI
Injective ETHFI/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: +1.041% → 0.000%
- $104.11
- 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
- $81.09
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 11 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, 11 min ago | 0.63 bp | 10.7 bp −$11 | 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.
ETHFI on 24 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 ETHFI_USDC-PERPETUAL | −0.0448% | 1h | 0.7162 | −0.047% | $42K | $18K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0265% | 4h | 0.7149 | −0.229% | $83K | $165K | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0253% | 1h | 0.7168 | +0.034% | $281K | $146K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0179% | 4h | 0.7158 | −0.103% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERPshort | +0.0033% | 1h | 0.7240 | +1.041% | $321 | $51K | 5.5x | |
| Paradex ETHFI-USD-PERP | +0.0042% | 8h | 0.7157 | −0.123% | $6K | — | 5x | as long as short |
| Extended ETHFI-USD | +0.0064% | 1h | 0.7153 | −0.168% | $93K | $493K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0066% | 4h | 0.7161 | −0.061% | $15.1M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0066% | 4h | 0.7155 | −0.144% | $24.9M | $37.0M | 75x | as long as short |
| Bitget ETHFIUSDT | +0.0076% | 4h | 0.7153 | −0.173% | $6.1M | $5.7M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDT
Bitget ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7161 | −0.060% | $1.1M | $898K | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7156 | −0.134% | $9K | — | 3x | as long as short |
| Hyperliquid ETHFIlong | +0.0100% | 1h | 0.7165 | long leg | $18.1M | $8.9M | 5x | |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7161 | −0.061% | $183K | $258K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7160 | −0.075% | $18.2M | $12.9M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7159 | −0.089% | $4.9M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7163 | −0.033% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7164 | −0.020% | $1.2M | $271K | 50x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7160 | −0.075% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7132 | −0.469% | $1.0M | $755K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7164 | −0.025% | $59K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7160 | −0.075% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0265% | 4h | 0.7148 | −0.243% | $1.3M | $292K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7164 | −0.020% | $31K | $7K | 50x | as long as short |
Lighter ETHFI
Aevo ETHFI-PERP
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDC
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX