Funding you earn now, next payment 23:00 UTC+0.1356%/8h= +148.5% APRpaid last 24h +0.107%
Price spread now: Hyperliquid against Gate+0.234%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$550.545% of the position
Funding, last 7 days+0.194%+$19 on $10k
+Price spread, last 7 days−0.226%−$23 · spread now +0.234%, 7d avg +0.070%
=Together, before fees−0.032%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and Hyperliquid is 0.164% dearer against Gate than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.070%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.194% in total (about 10.1% 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 | Gate INJ_USDT | 7.7630 | 0.0100 | pay 0.0100% / 8h | 1h 57m | $2.8M | $5.0M | 50x |
| Short | Hyperliquid INJ | 7.7812 | 0.1456 | get 0.0182% / 1h | 57m 22s | $26.8M | $9.4M | 5x |
Gate INJ_USDT
Hyperliquid INJFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Gate. 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
- $284.8
- Price spread: +0.234% → +0.070%
- $16.45
- Slippage, 4 orders
- −$30.5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $246.74
- Costs to cover
- 0.545%
- Break-even
- 0.9 days
Slippage from Gate: live order book, 1 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 Gate live order book, 1 min ago | 3.87 bp | 21.7 bp −$22 | 53.2 bp −$532 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.19 bp | 6.8 bp −$7 | 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 | 7.7687 | +0.074% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7627 | −0.004% | $90K | $10K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.7573 | −0.073% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.7728 | +0.127% | $3K | — | 150x | as long as short |
| Variational Omni INJ | +0.0087% | 8h | 7.7552 | −0.101% | $271K | $157K | — | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7524 | −0.137% | $70K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0098% | 8h | 7.7550 | −0.103% | $38K | $63K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0099% | 1h | 7.7587 | −0.055% | $883K | $3.2M | 50x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7680 | +0.064% | $155K | $440K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7650 | +0.026% | $35.5M | $94.6M | 75x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Variational Omni INJ
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Kraken Futures PF_INJUSD
Aster INJUSDT
Binance INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | +0.0100% | 8h | 7.7600 | −0.039% | $21.6M | $31.9M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7630 | 0.000% | $6.4M | $20.1M | 50x | as long as short |
| Gate INJ_USDTlong | +0.0100% | 8h | 7.7630 | long leg | $2.8M | $5.0M | 50x | |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7600 | −0.039% | $9.4M | $16.2M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7650 | +0.026% | $14.3M | $10.8M | 75x | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7680 | +0.064% | $48K | $348K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7637 | +0.009% | $118K | $460K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7370 | −0.335% | $1.8M | $7.6M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.7630 | 0.000% | — | $21.3M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.7690 | +0.077% | $31.8M | $22.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0354% / S −0.0391% | 1h | 7.7723 | +0.119% | $47K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0640% | 1h | 7.7790 | +0.206% | $389K | $694K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1367% | 1h | 7.7880 | +0.322% | $319K | $12.1M | 30x | as long as short |
| Hyperliquid INJshort | +0.1456% | 1h | 7.7812 | +0.234% | $26.8M | $9.4M | 5x |
Bybit INJUSDT
OKX INJ-USDT-SWAP
KuCoin INJUSDTM
Bitget INJUSDT
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP