Funding you earn now, next payment 00:00 UTC+0.0448%/8h= +49.0% APRpaid last 24h +0.104%
Price spread now: Hyperliquid against Aster+0.048%7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$440.440% of the position
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.048%, 7d avg +0.093%
=Together, before fees+0.110%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.045% cheaper against Aster than usual: you would sell low and buy high (spread +0.048% now, against its 7-day average of +0.093%). If the spread goes back, that is −$4 on $10k: about 8 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.112% in total) that is about 2.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.112% in total (about 5.8% a year). A funding rate is set anew for every payment. 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 | Aster INJUSDT | 7.8750 | 0.0100 | pay 0.0100% / 8h | 37m 25s | $158K | $449K | 20x |
| Short | Hyperliquid INJ | 7.8788 | 0.0548 | get 0.0068% / 1h | 37m 25s | $26.6M | $9.6M | 5x |
Aster INJUSDT
Hyperliquid INJFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Aster. 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
- $94.03
- Price spread: +0.048% → +0.093%
- −$4.47
- Slippage, 4 orders
- −$27.03
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $45.53
- Costs to cover
- 0.440%
- Break-even
- 3.6 days
Slippage from Aster: live order book, 40 min ago; Hyperliquid: live order book, 6 min ago.
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 Aster live order book, 40 min ago | 5.13 bp | 12.5 bp −$13 | 79.0 bp −$790 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.82 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
INJ 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.8648 | −0.129% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8732 | −0.023% | $91K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8700 | −0.063% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8687 | −0.081% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8675 | −0.095% | $71K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0099% | 8h | 7.8690 | −0.076% | $37K | $65K | 10x | as long as short |
| Aster INJUSDTlong | +0.0100% | 8h | 7.8750 | long leg | $158K | $449K | 20x | |
| Binance INJUSDT | +0.0100% | 8h | 7.8702 | −0.061% | $35.8M | $95.0M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8645 | −0.133% | $22.2M | $32.2M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8680 | −0.089% | $6.4M | $20.2M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate INJ_USDT | +0.0100% | 8h | 7.8650 | −0.127% | $2.8M | $5.0M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8700 | −0.063% | $9.5M | $16.5M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8700 | −0.063% | $14.5M | $10.5M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8795 | +0.057% | $281K | $160K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8750 | 0.000% | $48K | $348K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8704 | −0.058% | $120K | $460K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0203% | 1h | 7.8741 | −0.012% | $906K | $3.1M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8740 | −0.013% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8680 | −0.089% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8710 | −0.051% | $31.9M | $22.7M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0356% / S −0.0418% | 1h | 7.8716 | −0.044% | $47K | — | 100x | as long as short |
| Hyperliquid INJshort | +0.0548% | 1h | 7.8788 | +0.048% | $26.6M | $9.6M | 5x | |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.8880 | +0.165% | $386K | $722K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1298% | 1h | 7.9180 | +0.546% | $324K | $12.1M | 30x | as long as short |
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
Kraken Futures PF_INJUSD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP