Funding you earn now, next payment 03:00 UTC+0.0207%/8h= +22.6% APRpaid last 24h +0.141%
Price spread now: Hyperliquid against Bybit+0.153%7-day average +0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$470.473% of the position
Funding, last 7 days+0.217%+$22 on $10k
+Price spread, last 7 days−0.132%−$13 · spread now +0.153%, 7d avg +0.095%
=Together, before fees+0.085%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.058% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.095%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit INJUSDT | 7.8440 | 0.0100 | pay 0.0100% / 8h | 5h 17m | $22.2M | $30.2M | 50x |
| Short | Hyperliquid INJ | 7.8560 | 0.0307 | get 0.0038% / 1h | 17m 56s | $26.4M | $8.6M | 5x |
Bybit INJUSDT
Hyperliquid INJFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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
- $43.44
- Price spread: +0.153% → +0.095%
- $5.83
- Slippage, 4 orders
- −$27.3
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $1.97
- Costs to cover
- 0.473%
- Break-even
- 6.7 days
Slippage from Bybit: live order book, 1 min ago; Hyperliquid: live order book, 5 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 Bybit live order book, 1 min ago | 0.64 bp | 14.3 bp −$14 | 43.4 bp −$434 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.06 bp | 9.1 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 | 7.8401 | −0.049% | — | — | 20x | as long as short |
| dYdX INJ-USD | +0.0003% | 1h | 7.8437 | −0.004% | $81K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8400 | −0.051% | $3K | — | 150x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0018% | 1h | 7.8413 | −0.034% | $6K | $24K | 25x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8377 | −0.081% | $71K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8419 | −0.027% | $150K | $413K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8449 | +0.011% | $35.6M | $89.9M | 75x | as long as short |
| Bybit INJUSDTlong | +0.0100% | 8h | 7.8440 | long leg | $22.2M | $30.2M | 50x | |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8420 | −0.025% | $6.4M | $18.6M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.8440 | 0.000% | $2.8M | $4.9M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Deribit INJ_USDC-PERPETUAL
Aevo INJ-PERP
Aster INJUSDT
Binance INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8450 | +0.013% | $9.6M | $16.4M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8420 | −0.025% | $14.4M | $9.7M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8470 | +0.039% | $276K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8480 | +0.051% | $47K | $270K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8410 | −0.038% | $35K | $92K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8427 | −0.016% | $117K | $367K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8430 | −0.013% | $1.7M | $6.4M | 75x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0270% / S −0.0198% | 1h | 7.8372 | −0.087% | $30K | — | 100x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8450 | +0.013% | — | $21.1M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8470 | +0.038% | $32.3M | $20.9M | 300x | as long as short |
| Hyperliquid INJshort | +0.0307% | 1h | 7.8560 | +0.153% | $26.4M | $8.6M | 5x | |
| Kraken Futures PF_INJUSD | +0.0436% | 1h | 7.8446 | +0.008% | $867K | $3.0M | 50x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0640% | 1h | 7.8600 | +0.204% | $386K | $578K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1331% | 1h | 7.8760 | +0.408% | $328K | $12.1M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
BloFin INJ-USDT
GMX INJ/USD [WBTC.b-USDC]
BingX INJ-USDT
MEXC INJ_USDT
Kraken Futures PF_INJUSD
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP