Funding you earn now, next payment 07:00 UTC+0.0132%/8h= +14.4% APRnext payment +$0.16 per $10,000 · paid last 24h +0.024%
Price spread now: Coinbase International against Hyperliquid−0.198%7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$780.783% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)+0.178%+$18 · spread now −0.198%, 7d avg +0.031%
=Together, before fees+0.117%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.228% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.198% now, against its 7-day average of +0.031%). If the spread goes back, that is −$23 on $10k: about 5.8 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.061%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid INJ | 7.7353 | 0.0476 | pay 0.0060% / 1h | 14m 53s | $26.0M | $8.8M | 5x |
| Short | Coinbase International INJ-PERP-INTX | 7.7200 | 0.0608 | get 0.0076% / 1h | 14m 53s | $388K | $719K | 50x |
Hyperliquid INJ
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $27.68
- Price spread: −0.198% → +0.031%
- −$22.85
- Slippage, 4 orders
- −$59.33
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$73.5
- Costs to cover
- 0.783%
- Break-even
- 25.6 days
Slippage from Hyperliquid: live order book, 8 min ago; Coinbase International: 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, 8 min ago | 0.98 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 23 min ago | 7.13 bp | 28.8 bp −$29 | 61.2 bp −$612 | 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 | 7.7059 | −0.380% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7144 | −0.270% | $80K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0029% | 1h | 7.7083 | −0.349% | $17K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7150 | −0.262% | $70K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7110 | −0.314% | $34K | $83K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7209 | −0.186% | $149K | $447K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7258 | −0.122% | $34.2M | $103.1M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.7239 | −0.147% | $21.4M | $32.6M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7230 | −0.159% | $6.1M | $20.7M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7220 | −0.172% | $2.7M | $5.9M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7230 | −0.159% | $8.6M | $18.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7220 | −0.172% | $14.1M | $11.7M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7018 | −0.433% | $273K | $144K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.6740 | −0.792% | $46K | $266K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7206 | −0.190% | $115K | $640K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7170 | −0.237% | $1.7M | $5.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.7240 | −0.146% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.7210 | −0.185% | $30.7M | $20.8M | 300x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0321% | 1h | 7.7147 | −0.266% | $6K | $26K | 25x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0326% / S −0.0344% | 1h | 7.7079 | −0.355% | $40K | — | 100x | as long as short |
| Hyperliquid INJlong | +0.0476% | 1h | 7.7353 | long leg | $26.0M | $8.8M | 5x | |
| Kraken Futures PF_INJUSD | +0.0565% | 1h | 7.7179 | −0.225% | $811K | $3.6M | 50x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0608% | 1h | 7.7200 | −0.198% | $388K | $719K | 50x | |
| Injective INJ/USDC PERP | +0.1548% | 1h | 7.7290 | −0.081% | $315K | $12.5M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
Deribit INJ_USDC-PERPETUAL
GMX INJ/USD [WBTC.b-USDC]
Kraken Futures PF_INJUSD
Injective INJ/USDC PERP