Funding you earn now, next payment 03:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.142%
Price spread now: Hyperliquid against OKX+0.171%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$460.456% of the position
Funding, last 7 days+0.222%+$22 on $10k
+Price spread, last 7 days−0.155%−$16 · spread now +0.171%, 7d avg +0.088%
=Together, before fees+0.066%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.083% dearer against OKX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.088%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX INJ-USDT-SWAP | 7.8390 | 0.0100 | pay 0.0100% / 8h | 5h 17m | $6.4M | $18.6M | 50x |
| Short | Hyperliquid INJ | 7.8524 | 0.0312 | get 0.0039% / 1h | 17m 17s | $26.4M | $8.6M | 5x |
OKX INJ-USDT-SWAP
Hyperliquid INJFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against OKX. 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
- $44.49
- Price spread: +0.171% → +0.088%
- $8.27
- Slippage, 4 orders
- −$26.58
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $7.19
- Costs to cover
- 0.456%
- Break-even
- 5.9 days
Slippage from OKX: live order book, 1 min ago; Hyperliquid: live order book, 6 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 OKX live order book, 1 min ago | 0.64 bp | 12.2 bp −$12 | 28.3 bp −$283 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.06 bp | 9.1 bp −$9 | doesn't fit | 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 | 7.8391 | +0.001% | — | — | 20x | as long as short |
| dYdX INJ-USD | +0.0003% | 1h | 7.8437 | +0.060% | $81K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8405 | +0.019% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8386 | −0.005% | $71K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8421 | +0.040% | $150K | $413K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8462 | +0.091% | $35.6M | $89.8M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8450 | +0.077% | $22.2M | $30.2M | 50x | as long as short |
| OKX INJ-USDT-SWAPlong | +0.0100% | 8h | 7.8390 | long leg | $6.4M | $18.6M | 50x | |
| Gate INJ_USDT | +0.0100% | 8h | 7.8400 | +0.013% | $2.8M | $4.9M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8430 | +0.051% | $9.6M | $16.4M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
Gate INJ_USDT
KuCoin INJUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget INJUSDT | +0.0100% | 8h | 7.8400 | +0.013% | $14.4M | $9.7M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8470 | +0.103% | $276K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8480 | +0.115% | $47K | $270K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8410 | +0.026% | $35K | $92K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8398 | +0.010% | $117K | $367K | 10x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0120% | 1h | 7.8406 | +0.020% | $6K | $24K | 25x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8410 | +0.026% | $1.7M | $6.4M | 75x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0270% / S −0.0198% | 1h | 7.8395 | +0.007% | $30K | — | 100x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8420 | +0.038% | — | $21.1M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8450 | +0.077% | $32.3M | $20.9M | 300x | as long as short |
| Hyperliquid INJshort | +0.0312% | 1h | 7.8524 | +0.171% | $26.4M | $8.6M | 5x | |
| Kraken Futures PF_INJUSD | +0.0436% | 1h | 7.8493 | +0.132% | $867K | $3.0M | 50x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0640% | 1h | 7.8600 | +0.268% | $386K | $578K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1331% | 1h | 7.8760 | +0.472% | $328K | $12.1M | 30x | as long as short |
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
Deribit INJ_USDC-PERPETUAL
BloFin INJ-USDT
GMX INJ/USD [WBTC.b-USDC]
BingX INJ-USDT
MEXC INJ_USDT
Kraken Futures PF_INJUSD
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP