Funding you earn now, next payment 22:00 UTC+0.0960%/8h= +105.1% APRnext payment +$1.20 per $10,000 · paid last 24h —
Price spread now: Hyperliquid against Reya+0.228%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropReya: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Hyperliquid is 0.228% dearer against Reya than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya INJRUSDPERP | 7.7466 | −0.0200 | get 0.0025% / 1h | 36m 45s | — | — | 20x |
| Short | Hyperliquid INJ | 7.7642 | 0.0760 | get 0.0095% / 1h | 36m 45s | $26.3M | $9.0M | 5x |
Reya INJRUSDPERP
Hyperliquid INJFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Reya. 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
- $201.56
- Price spread: +0.228% → 0.000%
- $22.78
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $209.34
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 6 min ago. Net counts fees only.
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 Reya no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 6 min ago | 0.64 bp | 9.6 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 INJRUSDPERPlong | −0.0200% | 1h | 7.7466 | long leg | — | — | 20x | |
| dYdX INJ-USD | 0.0000% | 1h | 7.7585 | +0.154% | $90K | $10K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.7502 | +0.047% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.7542 | +0.099% | $3K | — | 150x | as long as short |
| Variational Omni INJ | +0.0058% | 8h | 7.7285 | −0.233% | $271K | $156K | — | as long as short |
| Kraken Futures PF_INJUSD | +0.0078% | 1h | 7.7482 | +0.022% | $892K | $3.1M | 50x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7481 | +0.020% | $70K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0097% | 8h | 7.7530 | +0.083% | $38K | $65K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7576 | +0.142% | $153K | $441K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7520 | +0.070% | $35.3M | $94.8M | 75x | as long as short |
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 | 7.7440 | −0.033% | $21.5M | $31.8M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7440 | −0.033% | $6.4M | $20.3M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7490 | +0.032% | $2.7M | $5.0M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7480 | +0.019% | $9.4M | $16.1M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7470 | +0.006% | $14.2M | $10.9M | 75x | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7340 | −0.162% | $47K | $347K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7491 | +0.032% | $117K | $460K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7440 | −0.033% | $1.8M | $7.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.7510 | +0.057% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.7520 | +0.070% | $32.1M | $23.5M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0390% / S −0.0466% | 1h | 7.7529 | +0.082% | $47K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0688% | 1h | 7.7730 | +0.341% | $383K | $693K | 50x | as long as short |
| Hyperliquid INJshort | +0.0760% | 1h | 7.7642 | +0.228% | $26.3M | $9.0M | 5x | |
| Injective INJ/USDC PERP | +0.1499% | 1h | 7.7840 | +0.483% | $319K | $12.1M | 30x | as long as short |
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
Injective INJ/USDC PERP