Funding you earn now, next payment 00:00 UTC−0.0345%/8h= −37.8% APRnext payment −$0.43 per $10,000 · paid last 24h +0.016%
Price spread now: Injective against Hyperliquid+0.143%93s7-day average +1.953% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.201%−$20 on $10k
+Price spread, last 3 days (all we have)−2.007%−$201 · spread now +0.143%, 7d avg +1.953%
=Together, before fees−2.208%+ Points / potential airdropHyperliquid: Season 2 · farm board−$221 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Injective is 1.809% cheaper against Hyperliquid than usual: you would sell low and buy high (−$181 if the spread goes back to its 7-day average of +1.953%). Swap the legs. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.201% in total (about -10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FIL | 0.9841 | 0.0100 | pay 0.0013% / 1h | 11m 43s | $8.5M | $9.5M | 5x |
| Short | Injective FIL/USDC PERP | 0.9855 | −0.0245 | pay 0.0031% / 1h | 11m 43s | $2K | $240K | 12x |
Hyperliquid FIL
Injective FIL/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
- −$72.44
- Price spread: +0.143% → +1.953%
- −$180.93
- 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
- −$262.39
- Costs to cover
- 0.090%
- Break-even
- never at this rate
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 | 0.10 bp | 7.7 bp −$8 | 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.
FIL 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 FIL_USDC-PERPETUAL | −0.0866% | 1h | 0.9849 | +0.082% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0395% | 1h | 0.9847 | +0.066% | $1.3M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0352% | 1h | 0.9864 | +0.235% | $318K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERPshort | −0.0245% | 1h | 0.9855 | +0.143% | $2K | $240K | 12x | |
| KuCoin FILUSDTM | −0.0038% | 8h | 0.9843 | +0.021% | $7.4M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9850 | +0.095% | $24K | — | 150x | as long as short |
| OKX FIL-USDT-SWAP | −0.0003% | 8h | 0.9834 | −0.070% | $18.0M | $98.7M | 50x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9846 | +0.055% | $57K | $2K | 10x | as long as short |
| Bitget FILUSDT | +0.0037% | 8h | 0.9840 | −0.009% | $10.8M | $21.6M | 75x | as long as short |
| Extended FIL-USD | +0.0040% | 1h | 0.9844 | +0.028% | $689K | $2.3M | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
OKX FIL-USDT-SWAP
dYdX FIL-USD
Bitget FILUSDT
Extended FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0040% | 8h | 0.9839 | −0.020% | $57.0M | $179.5M | 75x | as long as short |
| Bybit FILUSDT | +0.0047% | 8h | 0.9838 | −0.029% | $15.3M | $18.4M | 25x | as long as short |
| BingX FIL-USDT | +0.0047% | 8h | 0.9837 | −0.040% | — | $11.9M | — | as long as short |
| MEXC FIL_USDC | +0.0050% | 8h | 0.9841 | +0.001% | $250K | $105K | 50x | as long as short |
| Gate FIL_USDT | +0.0070% | 8h | 0.9843 | +0.021% | $8.1M | $16.5M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9837 | −0.044% | $158K | $348K | 5x | as long as short |
| Hyperliquid FILlong | +0.0100% | 1h | 0.9841 | long leg | $8.5M | $9.5M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9846 | +0.049% | $493K | $546K | 20x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9859 | +0.185% | $439K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9852 | +0.113% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9855 | +0.143% | $294K | $805K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9860 | +0.194% | $30K | $198K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9853 | +0.126% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9840 | −0.009% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9840 | −0.009% | $483 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9849 | +0.082% | $626K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9840 | −0.009% | $1.1M | $2.4M | 50x | as long as short |
| BloFin FIL-USDT | +0.0163% | 8h | 0.9843 | +0.021% | $2.7M | $567K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0570% / S −0.0666% | 1h | 0.9850 | +0.096% | $196K | — | 100x | as long as short |
Binance FILUSDT
Bybit FILUSDT
BingX FIL-USDT
MEXC FIL_USDC
Gate FIL_USDT
Lighter FIL
Aster FILUSDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]