Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.114%
Price spread now: Binance against Hyperliquid−0.093%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$400.404% of the position
Funding, last 7 days−0.238%−$24 on $10k
+Price spread, last 7 days+0.069%+$7 · spread now −0.093%, 7d avg −0.061%
=Together, before fees−0.169%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.032% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid INJ | 7.5150 | 0.0100 | pay 0.0013% / 1h | 31m 52s | $25.3M | $8.7M | 5x |
| Short | Binance INJUSDT | 7.5080 | 0.0100 | get 0.0100% / 8h | 2h 31m | $32.7M | $97.3M | 75x |
Hyperliquid INJ
Binance INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: −0.093% → −0.061%
- −$3.2
- Slippage, 4 orders
- −$21.36
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$43.56
- Costs to cover
- 0.404%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Binance: live order book, 11 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, 11 min ago | 0.40 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.66 bp | 13.7 bp −$14 | 27.6 bp −$276 | 95.8 bp −$9,580 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INJUSD | −0.0215% | 1h | 7.5067 | −0.110% | $774K | $3.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.5074 | −0.102% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5163 | +0.017% | $78K | $17K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.5114 | −0.048% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0027% | 1h | 7.5121 | −0.038% | $16K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.5098 | −0.069% | $68K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.5120 | −0.040% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJlong | +0.0100% | 1h | 7.5150 | long leg | $25.3M | $8.7M | 5x | |
| Aster INJUSDT | +0.0100% | 8h | 7.5130 | −0.027% | $137K | $418K | 20x | as long as short |
| Binance INJUSDTshort | +0.0100% | 8h | 7.5080 | −0.093% | $32.7M | $97.3M | 75x |
Kraken Futures PF_INJUSD
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | +0.0100% | 8h | 7.5031 | −0.158% | $20.8M | $31.5M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.5060 | −0.120% | $6.1M | $18.5M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.5060 | −0.120% | $2.6M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.5030 | −0.160% | $8.4M | $18.2M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.4980 | −0.226% | $13.8M | $10.3M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5223 | +0.098% | $268K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.5460 | +0.413% | $45K | $270K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.5040 | −0.146% | $112K | $562K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.5140 | −0.013% | $1.6M | $5.6M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.5100 | −0.067% | — | $20.7M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.5070 | −0.106% | $29.6M | $20.1M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0267% / S −0.0198% | 1h | 7.5119 | −0.041% | $28K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0480% | 1h | 7.5240 | +0.120% | $369K | $633K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1029% | 1h | 7.5330 | +0.240% | $314K | $12.1M | 30x | as long as short |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
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