Funding you earn now, next payment 05:00 UTC+0.1072%/8h= +117.4% APRnext payment +$1.34 per $10,000 · paid last 24h +0.238%
Price spread now: Injective against Hyperliquid+0.034%7-day average +0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs+$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$700.703% of the position
Funding, last 7 days+1.600%+$160 on $10k
+Price spread, last 4 days (all we have)+0.289%+$29 · spread now +0.034%, 7d avg +0.114%
=Together, before fees+1.889%+ Points / potential airdropHyperliquid: Season 2 · farm board+$189 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.080% cheaper against Hyperliquid than usual: you would sell low and buy high (spread +0.034% now, against its 7-day average of +0.114%). If the spread goes back, that is −$8 on $10k: about 6 hours of funding at the current rate (+$32 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid INJ | 7.6574 | 0.0100 | pay 0.0013% / 1h | 32m 53s | $25.8M | $8.8M | 5x |
| Short | Injective INJ/USDC PERP | 7.6600 | 0.1172 | get 0.0147% / 1h | 32m 53s | $319K | $12.1M | 30x |
Hyperliquid INJ
Injective INJ/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $225.13
- Price spread: +0.034% → +0.114%
- −$8.04
- Slippage, 4 orders
- −$61.28
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $146.79
- Costs to cover
- 0.703%
- Break-even
- 2.4 days
Slippage from Hyperliquid: live order book, 10 min ago; Injective: live order book, 1 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, 10 min ago | 0.39 bp | 8.3 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 1 min ago | 25.52 bp | 25.5 bp −$26 | 45.1 bp −$451 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INJUSD | −0.0231% | 1h | 7.6518 | −0.073% | $796K | $3.4M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.6477 | −0.127% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.6338 | −0.308% | $79K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.6509 | −0.084% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6569 | −0.006% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6530 | −0.057% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJlong | +0.0100% | 1h | 7.6574 | long leg | $25.8M | $8.8M | 5x | |
| Aster INJUSDT | +0.0100% | 8h | 7.6514 | −0.078% | $141K | $417K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.6521 | −0.069% | $33.4M | $96.1M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.6499 | −0.098% | $21.3M | $31.6M | 50x | as long as short |
Kraken Futures PF_INJUSD
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.6450 | −0.162% | $6.2M | $18.8M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.6490 | −0.110% | $2.7M | $5.2M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6480 | −0.123% | $9.5M | $17.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6470 | −0.136% | $14.0M | $10.2M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6082 | −0.643% | $268K | $144K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.6210 | −0.475% | $46K | $271K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6499 | −0.098% | $113K | $359K | 10x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0116% | 1h | 7.6553 | −0.027% | $6K | $24K | 25x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.6480 | −0.123% | $1.6M | $5.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.6480 | −0.123% | — | $21.0M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.6540 | −0.044% | $30.3M | $21.4M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0268% / S −0.0198% | 1h | 7.6539 | −0.046% | $29K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0552% | 1h | 7.6520 | −0.071% | $370K | $618K | 50x | as long as short |
| Injective INJ/USDC PERPshort | +0.1172% | 1h | 7.6600 | +0.034% | $319K | $12.1M | 30x |
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
Deribit INJ_USDC-PERPETUAL
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX