Funding you earn now, next payment 22:00 UTC−0.0589%/8h= −64.5% APRnext payment −$0.74 per $10,000 · paid last 24h −0.205%
Price spread now: Hyperliquid against Injective−0.263%7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$232as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$710.707% of the position
Funding, last 7 days−1.610%−$161 on $10k
+Price spread, last 3 days (all we have)+0.008%+$1 · spread now −0.263%, 7d avg −0.101%
=Together, before fees−1.602%+ Points / potential airdropHyperliquid: Season 2 · farm board−$160 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Hyperliquid is 0.161% cheaper against Injective than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.101%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective INJ/USDC PERP | 7.8050 | 0.1499 | pay 0.0187% / 1h | 12m 50s | $319K | $12.1M | 30x |
| Short | Hyperliquid INJ | 7.7845 | 0.0910 | get 0.0114% / 1h | 12m 50s | $26.4M | $9.2M | 5x |
Injective INJ/USDC PERP
Hyperliquid INJFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Injective. 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
- −$123.66
- Price spread: −0.263% → −0.101%
- −$16.12
- Slippage, 4 orders
- −$61.69
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$210.49
- Costs to cover
- 0.707%
- Break-even
- never at this rate
Slippage from Injective: live order book, 1 min ago; Hyperliquid: live order book, 10 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 Injective live order book, 1 min ago | 28.23 bp | 28.2 bp −$28 | 2829.0 bp −$28.3K | 118290.0 bp −$11.83M | 631449.6 bp −$315.72M |
| Sell Hyperliquid live order book, 10 min ago | 0.06 bp | 4.8 bp −$5 | 4.8 bp −$48 | 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 | 7.7702 | −0.446% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7684 | −0.469% | $90K | $10K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.7726 | −0.415% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.7730 | −0.410% | $3K | — | 150x | as long as short |
| Variational Omni INJ | +0.0070% | 8h | 7.7552 | −0.639% | $271K | $157K | — | as long as short |
| Kraken Futures PF_INJUSD | +0.0078% | 1h | 7.7740 | −0.398% | $885K | $3.2M | 50x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7687 | −0.465% | $70K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0097% | 8h | 7.7710 | −0.436% | $38K | $65K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7753 | −0.380% | $155K | $445K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7671 | −0.486% | $35.5M | $94.9M | 75x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Variational Omni INJ
Kraken Futures PF_INJUSD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | +0.0100% | 8h | 7.7580 | −0.602% | $21.5M | $32.0M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7590 | −0.589% | $6.4M | $20.2M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7680 | −0.474% | $2.8M | $5.1M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7690 | −0.461% | $9.5M | $16.2M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7710 | −0.436% | $14.3M | $10.9M | 75x | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7600 | −0.577% | $47K | $347K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7711 | −0.435% | $118K | $460K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7720 | −0.423% | $1.8M | $7.6M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.7700 | −0.448% | — | $21.3M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.7660 | −0.500% | $31.8M | $23.7M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0353% / S −0.0391% | 1h | 7.7696 | −0.454% | $47K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0688% | 1h | 7.7950 | −0.128% | $389K | $699K | 50x | as long as short |
| Hyperliquid INJshort | +0.0910% | 1h | 7.7845 | −0.263% | $26.4M | $9.2M | 5x | |
| Injective INJ/USDC PERPlong | +0.1499% | 1h | 7.8050 | long leg | $319K | $12.1M | 30x |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
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