IO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h −0.919%

Price spread now: Injective against Hyperliquid−0.508%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Injective is 0.508% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.508% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$51 on $10k: about 27 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid IO	0.1517	0.0100	pay 0.0013% / 1h	40m 57s	$1.0M	$391K	3x
Short	Injective IO/USDC PERP	0.1509	0.0163	get 0.0020% / 1h	40m 57s	$2K	$102	5.5x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee InjectivebpOrdersPrice spread, now −0.508%Rate

Funding earned: $13.27
Price spread: −0.508% → 0.000%: −$50.77
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$46.52
Costs to cover: 0.090%
Break-even: 31.5 days

Slippage unknown: Hyperliquid: live order book, 9 min ago; Injective: no order-book sample. 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 Hyperliquid live order book, 9 min ago	1.65 bp	25.3 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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.

IO on 14 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_IOUSD	−0.0637%	1h	0.1521	+0.267%	$39K	$21K	10x	as long as short
BloFin IO-USDT	+0.0077%	4h	0.1520	+0.218%	$193K	$30K	50x	as long as short
Hyperliquid IOlong	+0.0100%	1h	0.1517	long leg	$1.0M	$391K	3x
Aster IOUSDT	+0.0100%	4h	0.1518	+0.106%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1518	+0.086%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1515	−0.112%	$1.1M	$876K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1519	+0.152%	$232K	$527K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1516	−0.046%	$1.2M	$227K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1517	+0.020%	$409K	$656K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1518	+0.086%	$1.3M	$1.2M	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IO-USDT	+0.0100%	4h	0.1517	+0.020%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1509	−0.517%	$30K	$5K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1518	+0.066%	$5K	$171K	5x	as long as short
Injective IO/USDC PERPshort	+0.0163%	1h	0.1509	−0.508%	$2K	$102	5.5x