Funding you earn now, next payment 23:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.11 per $10,000 · paid last 24h +0.007%
Price spread now: Hyperliquid against Coinbase International−0.112%49s7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$610.614% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 3 days (all we have)+0.131%+$13 · spread now −0.112%, 7d avg −0.023%
=Together, before fees+0.220%+ Points / potential airdropHyperliquid: Season 2 · farm board+$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Hyperliquid is 0.089% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.023%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.089%, so the current rate has only just turned against you. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International INJ-PERP-INTX | 7.8880 | 0.0632 | pay 0.0079% / 1h | 34m 22s | $386K | $719K | 50x |
| Short | Hyperliquid INJ | 7.8792 | 0.0542 | get 0.0068% / 1h | 34m 22s | $26.6M | $9.6M | 5x |
Coinbase International INJ-PERP-INTX
Hyperliquid INJFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Coinbase International. 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
- −$18.9
- Price spread: −0.112% → −0.023%
- −$8.87
- Slippage, 4 orders
- −$42.4
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$89.17
- Costs to cover
- 0.614%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 44 min ago; Hyperliquid: live order book, 9 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 Coinbase International live order book, 44 min ago | 10.24 bp | 19.6 bp −$20 | 55.0 bp −$550 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 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 | 7.8662 | −0.277% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8644 | −0.300% | $91K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8729 | −0.191% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8684 | −0.249% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8697 | −0.232% | $71K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0099% | 8h | 7.8710 | −0.216% | $37K | $65K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8750 | −0.165% | $151K | $449K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8722 | −0.200% | $35.8M | $95.0M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8660 | −0.279% | $22.2M | $32.2M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8700 | −0.228% | $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
Aster INJUSDT
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 | 7.8670 | −0.266% | $2.8M | $5.1M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8700 | −0.228% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8680 | −0.254% | $14.5M | $10.5M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8666 | −0.271% | $280K | $160K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8710 | −0.216% | $48K | $348K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8694 | −0.236% | $120K | $460K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0203% | 1h | 7.8673 | −0.263% | $904K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8670 | −0.266% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8680 | −0.254% | — | $21.6M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8710 | −0.216% | $31.9M | $22.7M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0356% / S −0.0418% | 1h | 7.8683 | −0.250% | $47K | — | 100x | as long as short |
| Hyperliquid INJshort | +0.0542% | 1h | 7.8792 | −0.112% | $26.6M | $9.6M | 5x | |
| Coinbase International INJ-PERP-INTXlong | +0.0632% | 1h | 7.8880 | long leg | $386K | $719K | 50x | |
| Injective INJ/USDC PERP | +0.1298% | 1h | 7.9040 | +0.203% | $323K | $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]
Injective INJ/USDC PERP