Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.038%
Price spread now: Hyperliquid against Injective−3.182%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.102%−$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
Funding pays, the price is against you. Hyperliquid is 3.182% cheaper against Injective than usual: you would sell low and buy high (spread −3.182% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$318 on $10k: about 5 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −1.102%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ETHFI/USDC PERP | 0.7240 | 0.0033 | pay 0.0004% / 1h | 8m 43s | $321 | $51K | 5.5x |
| Short | Hyperliquid ETHFI | 0.7010 | 0.0100 | get 0.0013% / 1h | 8m 43s | $17.4M | $7.9M | 5x |
Injective ETHFI/USDC PERP
Hyperliquid ETHFIFunding 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
- $14
- Price spread: −3.182% → 0.000%
- −$318.23
- 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
- −$313.25
- Costs to cover
- 0.090%
- Break-even
- 163.6 days
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 4 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, 4 min ago | 1.57 bp | doesn't fit | 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.
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 | −0.0749% | 1h | 0.7001 | −3.301% | $40K | $10K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0306% | 1h | 0.7008 | −3.203% | $259K | $213K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0275% | 4h | 0.6999 | −3.329% | $82K | $180K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0252% | 4h | 0.6999 | −3.329% | $16K | $1K | 10x | as long as short |
| Bybit ETHFIUSDT | −0.0193% | 4h | 0.7008 | −3.204% | $17.4M | $12.5M | 25x | as long as short |
| Variational Omni ETHFI | −0.0034% | 4h | 0.7021 | −3.022% | $980K | $703K | — | as long as short |
| Extended ETHFI-USD | +0.0032% | 1h | 0.7003 | −3.273% | $97K | $446K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0032% | 4h | 0.7003 | −3.273% | $15.8M | $4.1M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0033% | 4h | 0.7004 | −3.260% | $24.4M | $34.7M | 75x | as long as short |
| Injective ETHFI/USDC PERPlong | +0.0033% | 1h | 0.7240 | long leg | $321 | $51K | 5.5x |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Bybit ETHFIUSDT
Variational Omni ETHFI
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex ETHFI-USD-PERP | +0.0052% | 8h | 0.7007 | −3.224% | $6K | — | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.6997 | −3.355% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7012 | −3.148% | $1.1M | $841K | 5x | as long as short |
| Hyperliquid ETHFIshort | +0.0100% | 1h | 0.7010 | −3.182% | $17.4M | $7.9M | 5x | |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7013 | −3.132% | $179K | $229K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7014 | −3.122% | $5.1M | $12.1M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7009 | −3.191% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7005 | −3.246% | $1.2M | $226K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7004 | −3.260% | $6.0M | $5.1M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7009 | −3.191% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7009 | −3.192% | $65K | $125K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7007 | −3.218% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0132% | 4h | 0.7006 | −3.232% | $1.2M | $241K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0544% | 1h | 0.7054 | −2.569% | $31K | $6K | 50x | as long as short |
Paradex ETHFI-USD-PERP
Aevo ETHFI-PERP
Lighter ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX