Funding you earn now, next payment 03:00 UTC+0.0419%/8h= +45.8% APRnext payment +$0.52 per $10,000 · paid last 24h +0.018%
Price spread now: Injective against Hyperliquid−0.229%7-day average +0.113% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.167%+$217 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.229%, 7d avg +0.113%
=Together, before fees+2.168%+ Points / potential airdropHyperliquid: Season 2 · farm board+$217 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.342% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.229% now, against its 7-day average of +0.113%). If the spread goes back, that is −$34 on $10k: about 2.7 days of funding at the current rate (+$13 a day). At the pace of the last 7 days (+2.167% in total) that is about 27 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid HYPE | 93.644 | 0.0100 | pay 0.0013% / 1h | 45m 24s | $2.04B | $655.0M | 10x |
| Short | Injective HYPE/USDC PERP | 93.430 | 0.0519 | get 0.0065% / 1h | 45m 24s | $30K | $339K | 12x |
Hyperliquid HYPE
Injective HYPE/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
- $87.9
- Price spread: −0.229% → +0.113%
- −$34.19
- 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
- $44.68
- Costs to cover
- 0.090%
- Break-even
- 3.4 days
Slippage unknown: Hyperliquid: live order book, 9 min ago; Injective: live order book, 19 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 Hyperliquid live order book, 9 min ago | 0.05 bp | 4.6 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 19 min ago | 44.26 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
HYPE on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1208% | 1h | 93.237 | −0.435% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.461 | −0.195% | $1.2M | $3.8M | 10x | as long as short |
| Bluefin HYPE-PERP | −0.0165% | 1h | 93.531 | −0.121% | $79K | $170K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0103% | 8h | 93.518 | −0.135% | $12.6M | $2.7M | 50x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.540 | −0.111% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0047% | 4h | 93.549 | −0.101% | $156K | $629K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0034% | 1h | 93.339 | −0.326% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0032% | 1h | 93.580 | −0.068% | $85K | $346K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0005% | 1h | 93.490 | −0.164% | $698K | $977K | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.524 | −0.129% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Bluefin HYPE-PERP
Phemex HYPEUSDT
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Ondo Perps HYPE-USD.P
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.551 | −0.100% | $23K | $322K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.576 | −0.073% | $62K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0008% | 4h | 93.579 | −0.069% | — | $53.0M | — | as long as short |
| Aster HYPEUSDT | +0.0008% | 4h | 93.565 | −0.085% | $8.9M | $35.6M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.418 | −0.241% | $213K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0031% | 8h | 93.560 | −0.090% | $323.0M | $276.5M | 75x | as long as short |
| Gate HYPE_USDT | +0.0056% | 4h | 93.585 | −0.063% | $44.7M | $54.6M | 75x | as long as short |
| Bullet HYPE-USD | +0.0062% | 1h | 93.573 | −0.076% | $111K | $577K | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0078% | 8h | 93.569 | −0.080% | $114.5M | $302.6M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0090% | 4h | 93.575 | −0.074% | $87.9M | $80.2M | 100x | as long as short |
| Binance HYPEUSDT | +0.0090% | 4h | 93.585 | −0.063% | $380.0M | $876.8M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0092% | 4h | 93.250 | −0.421% | $5.0M | $30.0M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.576 | −0.073% | $16.4M | $61.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.553 | −0.097% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.579 | −0.069% | $68K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.608 | −0.039% | $340K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.580 | −0.068% | $19K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.572 | −0.076% | $5.8M | $43.4M | 10x | as long as short |
| Hyperliquid HYPElong | +0.0100% | 1h | 93.644 | long leg | $2.04B | $655.0M | 10x | |
| Pacifica HYPE | +0.0100% | 1h | 93.565 | −0.084% | $10.1M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.580 | −0.068% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.589 | −0.059% | $46.0M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.574 | −0.075% | $226.3M | $96.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.386 | −0.276% | $7.4M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.339 | −0.326% | $31.1M | $54.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.288 | −0.380% | $7.5M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.280 | −0.389% | $339K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.354 | −0.310% | $666K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.579 | −0.069% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.606 | −0.041% | $473K | $2.5M | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.537 | −0.114% | $16.2M | $7.6M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.654 | +0.011% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.575 | −0.074% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.541 | −0.110% | $18.4M | $43.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.549 | −0.102% | $398K | $170K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.640 | −0.004% | $4.9M | $5.4M | 50x | as long as short |
| HTX HYPE-USDT | +0.0204% | 4h | 93.714 | +0.075% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0257% | 1h | 93.549 | −0.102% | $80K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0280% | 8h | 93.394 | −0.267% | $1.9M | $5.0M | 2.3x | as long as short |
| BloFin HYPE-USDT | +0.0330% | 4h | 93.572 | −0.077% | $17.0M | $11.7M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0156% | 1h | 93.581 | −0.067% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0338% | 1h | 93.645 | +0.001% | $7.5M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.668 | +0.025% | $3.2M | $6.5M | 20x | as long as short |
| Injective HYPE/USDC PERPshort | +0.0519% | 1h | 93.430 | −0.229% | $30K | $339K | 12x | |
| Kraken Futures PF_HYPEUSD | +0.0683% | 1h | 93.653 | +0.009% | $20.8M | $30.1M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Aster HYPEUSDT
Phoenix HYPE
Bybit HYPEUSDT
Gate HYPE_USDT
Bullet HYPE-USD
OKX HYPE-USDT-SWAP
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD