Funding you earn now, next payment 23:00 UTC−0.0314%/8h= −34.4% APRnext payment −$0.39 per $10,000 · paid last 24h −0.043%
Price spread now: Injective against Hyperliquid−4.496%93s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Injective is 4.496% cheaper against Hyperliquid than usual: you would sell low and buy high (−$450 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid JTO | 0.5207 | 0.0347 | pay 0.0043% / 1h | 55m 42s | $7.4M | $3.1M | 5x |
| Short | Injective JTO/USDC PERP | 0.4973 | 0.0033 | get 0.0004% / 1h | 55m 42s | $31 | $43K | 5.5x |
Hyperliquid JTO
Injective JTO/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
- −$65.9
- Price spread: −4.496% → 0.000%
- −$449.58
- 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
- −$524.49
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 6 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, 6 min ago | 1.54 bp | 9.3 bp −$9 | 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.
JTO on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit JTO_USDC-PERPETUAL | −0.0519% | 1h | 0.5200 | −0.136% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0164% | 8h | 0.5193 | −0.271% | $939K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0121% | 4h | 0.5188 | −0.367% | $3.9M | $10.0M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5195 | −0.240% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +6.383% | — | — | — | as long as short |
| Paradex JTO-USD-PERP | +0.0008% | 8h | 0.5190 | −0.325% | $518 | — | 5x | as long as short |
| Injective JTO/USDC PERPshort | +0.0033% | 1h | 0.4973 | −4.496% | $31 | $43K | 5.5x | |
| Lighter JTO | +0.0096% | 1h | 0.5195 | −0.223% | $100K | $174K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5202 | −0.095% | $175K | $176K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5192 | −0.290% | $11.6M | $27.9M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
dYdX JTO-USD
Reya JTORUSDPERP
Paradex JTO-USD-PERP
Lighter JTO
Aster JTOUSDT
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit JTOUSDT | +0.0100% | 4h | 0.5196 | −0.213% | $7.5M | $13.8M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5163 | −0.847% | $56K | $2K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5191 | −0.309% | $7.2M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5199 | −0.157% | $1.6M | $677K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5192 | −0.290% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5191 | −0.309% | — | $63.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5173 | −0.649% | $183K | $258K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5201 | −0.117% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5191 | −0.306% | $529K | $854K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5203 | −0.080% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0304% | 1h | 0.5208 | +0.017% | $57K | $126K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5180 | −0.520% | $642K | $577K | 75x | as long as short |
| Hyperliquid JTOlong | +0.0347% | 1h | 0.5207 | long leg | $7.4M | $3.1M | 5x | |
| Phoenix JTO | +0.0463% | 1h | 0.5191 | −0.309% | $373K | $267K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0511% | 1h | 0.5207 | +0.005% | $355K | $312K | 25x | as long as short |
| Backpack JTO_USDC_PERP | +0.0866% | 1h | 0.5206 | −0.013% | $225K | $514K | 10x | as long as short |
Bybit JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO
Kraken Futures PF_JTOUSD
Backpack JTO_USDC_PERP