Funding you earn now, next payment 00:00 UTC−0.0440%/8h= −48.2% APRnext payment −$0.55 per $10,000 · paid last 24h −0.120%
Price spread now: ApeX Omni against Hyperliquid−0.057%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$460.456% of the position
Funding, last 7 days−0.172%−$17 on $10k
+Price spread, last 3 days (all we have)+0.073%+$7 · spread now −0.057%, 7d avg −0.050%
=Together, before fees−0.099%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.050%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.172% in total (about -9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.55 per $10,000. 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 | Hyperliquid INJ | 7.8845 | 0.0540 | pay 0.0068% / 1h | 31m 08s | $26.6M | $9.6M | 5x |
| Short | ApeX Omni INJUSDT | 7.8800 | 0.0100 | get 0.0013% / 1h | 31m 08s | $48K | $348K | 50x |
Hyperliquid INJ
ApeX Omni INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- −$92.44
- Price spread: −0.057% → −0.050%
- −$0.66
- Slippage, 4 orders
- −$26.63
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$138.73
- Costs to cover
- 0.456%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; ApeX Omni: live order book, 46 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 Hyperliquid live order book, 12 min ago | 0.82 bp | 10.2 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 46 min ago | 6.41 bp | 12.0 bp −$12 | 110.6 bp −$1,106 | 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 | 7.8716 | −0.164% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8744 | −0.128% | $91K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8772 | −0.092% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8762 | −0.105% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8742 | −0.130% | $71K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0099% | 8h | 7.8760 | −0.108% | $37K | $65K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8775 | −0.089% | $151K | $449K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8758 | −0.110% | $35.8M | $95.0M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8710 | −0.171% | $22.2M | $32.2M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8710 | −0.171% | $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 | 7.8720 | −0.158% | $2.8M | $5.1M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8760 | −0.108% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8710 | −0.171% | $14.5M | $10.5M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8696 | −0.189% | $280K | $160K | — | as long as short |
| ApeX Omni INJUSDTshort | +0.0100% | 1h | 7.8800 | −0.057% | $48K | $348K | 50x | |
| Extended INJ-USD | +0.0104% | 1h | 7.8755 | −0.114% | $120K | $460K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0203% | 1h | 7.8799 | −0.059% | $906K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8780 | −0.082% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8750 | −0.120% | — | $21.6M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8750 | −0.120% | $31.9M | $22.7M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0356% / S −0.0418% | 1h | 7.8752 | −0.118% | $47K | — | 100x | as long as short |
| Hyperliquid INJlong | +0.0540% | 1h | 7.8845 | long leg | $26.6M | $9.6M | 5x | |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.8930 | +0.108% | $386K | $719K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1298% | 1h | 7.9050 | +0.260% | $330K | $12.1M | 30x | as long as short |
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
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