Funding you earn now, next payment 01:00 UTC−0.0513%/8h= −56.1% APRpaid last 24h −0.107%
Price spread now: Aster against Hyperliquid−0.186%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$460.460% of the position
Funding, last 7 days−0.118%−$12 on $10k
+Price spread, last 4 days (all we have)+0.125%+$13 · spread now −0.186%, 7d avg −0.093%
=Together, before fees+0.008%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Aster is 0.093% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.093%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.118% in total (about -6.1% 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 | Hyperliquid INJ | 7.8736 | 0.0613 | pay 0.0077% / 1h | 49m 23s | $26.6M | $9.2M | 5x |
| Short | Aster INJUSDT | 7.8589 | 0.0100 | get 0.0100% / 8h | 7h 49m | $150K | $443K | 20x |
Hyperliquid INJ
Aster INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$107.64
- Price spread: −0.186% → −0.093%
- −$9.32
- Slippage, 4 orders
- −$29.01
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$162.97
- Costs to cover
- 0.460%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Aster: live order book, 23 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, 4 min ago | 1.14 bp | 9.2 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 23 min ago | 5.10 bp | 16.9 bp −$17 | 87.4 bp −$874 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | −0.0344% | 8h | 7.8567 | −0.215% | $22.0M | $31.8M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.8591 | −0.185% | — | — | 20x | as long as short |
| Gate INJ_USDT | −0.0061% | 8h | 7.8590 | −0.185% | $2.8M | $4.9M | 50x | as long as short |
| Deribit INJ_USDC-PERPETUAL | −0.0043% | 1h | 7.8496 | −0.305% | $6K | $24K | 25x | as long as short |
| ApeX Omni INJUSDT | −0.0025% | 1h | 7.8570 | −0.211% | $48K | $349K | 50x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8547 | −0.239% | $91K | $8K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8605 | −0.166% | $3K | — | 150x | as long as short |
| Variational Omni INJ | +0.0096% | 8h | 7.8483 | −0.322% | $280K | $160K | — | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8449 | −0.365% | $71K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8460 | −0.351% | $38K | $66K | 10x | as long as short |
Bybit INJUSDT
Reya INJRUSDPERP
Gate INJ_USDT
Deribit INJ_USDC-PERPETUAL
ApeX Omni INJUSDT
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Variational Omni INJ
Aevo INJ-PERP
Orderly PERP_INJ_USDCShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster INJUSDTshort | +0.0100% | 8h | 7.8589 | −0.186% | $150K | $443K | 20x | |
| Binance INJUSDT | +0.0100% | 8h | 7.8650 | −0.109% | $35.8M | $94.3M | 75x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8600 | −0.173% | $6.4M | $20.0M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8620 | −0.147% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8570 | −0.211% | $14.5M | $10.4M | 75x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8552 | −0.234% | $117K | $503K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0194% | 1h | 7.8500 | −0.299% | $887K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8560 | −0.224% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8560 | −0.224% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8630 | −0.135% | $31.7M | $22.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0356% / S −0.0418% | 1h | 7.8622 | −0.144% | $47K | — | 100x | as long as short |
| Hyperliquid INJlong | +0.0613% | 1h | 7.8736 | long leg | $26.6M | $9.2M | 5x | |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.8720 | −0.020% | $385K | $666K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1436% | 1h | 7.8950 | +0.272% | $329K | $12.1M | 30x | as long as short |
Binance INJUSDT
OKX INJ-USDT-SWAP
KuCoin INJUSDTM
Bitget 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