Funding you earn now, next payment 00:00 UTC−0.0346%/8h= −37.9% APRpaid last 24h −0.072%
Price spread now: BloFin against Hyperliquid−0.005%7-day average −0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$430.428% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 3 days (all we have)+0.092%+$9 · spread now −0.005%, 7d avg −0.124%
=Together, before fees+0.109%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.119% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.005% now, against its 7-day average of −0.124%): +$12 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 28 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% 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 | 7.8474 | 0.0566 | pay 0.0071% / 1h | 8m 52s | $26.5M | $9.3M | 5x |
| Short | BloFin INJ-USDT | 7.8470 | 0.0220 | get 0.0220% / 8h | 8m 52s | $1.8M | $7.7M | 75x |
Hyperliquid INJ
BloFin INJ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$72.67
- Price spread: −0.005% → −0.124%
- $11.92
- Slippage, 4 orders
- −$21.82
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$103.57
- Costs to cover
- 0.428%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; BloFin: live order book, 5 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 | 0.76 bp | 8.0 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 0.64 bp | 13.0 bp −$13 | 28.3 bp −$283 | 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 | 7.8357 | −0.150% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8393 | −0.103% | $91K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8431 | −0.055% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8378 | −0.122% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8393 | −0.103% | $71K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0099% | 8h | 7.8390 | −0.107% | $38K | $66K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8446 | −0.036% | $150K | $443K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8421 | −0.067% | $35.7M | $95.0M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8350 | −0.158% | $22.0M | $32.0M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8350 | −0.158% | $6.4M | $20.1M | 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 | 7.8350 | −0.158% | $2.8M | $5.1M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8390 | −0.107% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8350 | −0.158% | $14.5M | $10.5M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8304 | −0.217% | $279K | $160K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8400 | −0.094% | $48K | $348K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8414 | −0.077% | $119K | $460K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0204% | 1h | 7.8431 | −0.055% | $890K | $3.1M | 50x | as long as short |
| BloFin INJ-USDTshort | +0.0220% | 8h | 7.8470 | −0.005% | $1.8M | $7.7M | 75x | |
| BingX INJ-USDT | +0.0271% | 8h | 7.8370 | −0.132% | — | $21.6M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8420 | −0.069% | $31.7M | $22.8M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0355% / S −0.0418% | 1h | 7.8394 | −0.102% | $47K | — | 100x | as long as short |
| Hyperliquid INJlong | +0.0566% | 1h | 7.8474 | long leg | $26.5M | $9.3M | 5x | |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.8510 | +0.046% | $384K | $717K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1298% | 1h | 7.8720 | +0.314% | $328K | $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
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP