Funding you earn now, next payment 04:00 UTC−0.4761%/8h= −521.3% APRnext payment −$5.95 per $10,000 · paid last 24h −0.762%
Price spread now: Injective against Hyperliquid−0.886%73s7-day average −2.157% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.558%−$256 on $10k
+Price spread, last 4 days (all we have)−0.197%−$20 · spread now −0.886%, 7d avg −2.157%
=Together, before fees−2.755%+ Points / potential airdropHyperliquid: Season 2 · farm board−$276 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 1.271% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.886% now, against its 7-day average of −2.157%): +$127 on $10k if it goes back. Holding the pair costs −$143 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−2.558% in total) that is about 3.5 days. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -2.558% in total (about -133.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.95 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid JUP | 0.2947 | 0.0100 | pay 0.0013% / 1h | 57m 58s | $18.7M | $9.6M | 10x |
| Short | Injective JUP/USDC PERP | 0.2921 | −0.4661 | pay 0.0583% / 1h | 57m 58s | $3K | $206K | 5.5x |
Hyperliquid JUP
Injective JUP/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
- −$999.8
- Price spread: −0.886% → −2.157%
- $127.12
- 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
- −$881.7
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 5 min ago; Injective: live order book, 1 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 Hyperliquid live order book, 5 min ago | 1.86 bp | 10.3 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 1 min ago | 101.69 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
JUP on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective JUP/USDC PERPshort | −0.4661% | 1h | 0.2921 | −0.886% | $3K | $206K | 5.5x | |
| GMX JUP/USD [WBTC.b-USDC] | L −0.0275% / S +0.0618% | 1h | 0.2949 | +0.048% | $16K | — | 100x | as long as short |
| Pacifica JUP | −0.0125% | 1h | 0.2953 | +0.193% | $281K | $147K | 10x | as long as short |
| dYdX JUP-USD | 0.0000% | 1h | 0.2948 | +0.044% | $39K | $26K | 5x | as long as short |
| Deribit JUP_USDC-PERPETUAL | 0.0000% | 1h | 0.2947 | −0.003% | $54K | $16K | 10x | as long as short |
| gTrade (Gains Network) JUP/USD | L +0.0001% / S −0.0001% | 1h | 0.2948 | +0.041% | — | — | 150x | as long as short |
| Reya JUPRUSDPERP | +0.0057% | 1h | 0.2946 | −0.027% | — | — | 20x | as long as short |
| Kraken Futures PF_JUPUSD | +0.0096% | 1h | 0.2947 | −0.010% | $590K | $488K | 20x | as long as short |
| Lighter JUP | +0.0096% | 1h | 0.2948 | +0.031% | $780K | $1.0M | 10x | as long as short |
| Paradex JUP-USD-PERP | +0.0099% | 8h | 0.2953 | +0.184% | $9K | $11K | 10x | as long as short |
GMX JUP/USD [WBTC.b-USDC]
Pacifica JUP
dYdX JUP-USD
Deribit JUP_USDC-PERPETUAL
gTrade (Gains Network) JUP/USD
Reya JUPRUSDPERP
Kraken Futures PF_JUPUSD
Lighter JUP
Paradex JUP-USD-PERPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado JUP-PERP | +0.0100% | 1h | 0.2950 | +0.115% | $595K | $501K | 10x | as long as short |
| Hyperliquid JUPlong | +0.0100% | 1h | 0.2947 | long leg | $18.7M | $9.6M | 10x | |
| Aster JUPUSDT | +0.0100% | 4h | 0.2946 | −0.039% | $114K | $289K | 10x | as long as short |
| Binance JUPUSDT | +0.0100% | 4h | 0.2940 | −0.224% | $16.2M | $42.5M | 75x | as long as short |
| Bybit JUPUSDT | +0.0100% | 4h | 0.2937 | −0.329% | $15.8M | $18.9M | 50x | as long as short |
| OKX JUP-USDT-SWAP | +0.0100% | 4h | 0.2939 | −0.275% | $4.0M | $12.1M | 50x | as long as short |
| Bulk JUP-USD | +0.0100% | 1h | 0.2953 | +0.200% | $61K | $8K | 10x | as long as short |
| Gate JUP_USDT | +0.0100% | 4h | 0.2941 | −0.207% | $730K | $1.4M | 75x | as long as short |
| MEXC JUP_USDT | +0.0100% | 4h | 0.2942 | −0.173% | $7.3M | $6.4M | 200x | as long as short |
| KuCoin JUPUSDTM | +0.0100% | 4h | 0.2944 | −0.105% | $4.0M | $6.7M | 50x | as long as short |
| Bitget JUPUSDT | +0.0100% | 4h | 0.2943 | −0.139% | $5.7M | $5.9M | 75x | as long as short |
| BingX JUP-USDT | +0.0100% | 4h | 0.2941 | −0.207% | — | $20.7M | — | as long as short |
| Backpack JUP_USDC_PERP | +0.0100% | 1h | 0.2945 | −0.078% | $977K | $249K | 10x | as long as short |
| Variational Omni JUP | +0.0100% | 4h | 0.2948 | +0.027% | $720K | $693K | — | as long as short |
| GRVT JUP_USDT_Perp | +0.0100% | 4h | 0.2953 | +0.200% | $1.6M | $3.8M | 10x | as long as short |
| ApeX Omni JUPUSDT | +0.0100% | 1h | 0.2953 | +0.200% | $157K | $266K | 50x | as long as short |
| Polymarket Perps JUP-USD | +0.0100% | 1h | 0.2951 | +0.126% | $93K | $104K | 10x | as long as short |
| Orderly PERP_JUP_USDC | +0.0100% | 4h | 0.2947 | −0.003% | $31K | $42K | 10x | as long as short |
| HTX JUP-USDT | +0.0100% | 4h | 0.2946 | −0.037% | $111K | $49K | 20x | as long as short |
| Phemex JUPUSDT | +0.0100% | 4h | 0.2952 | +0.166% | $2.9M | $3.3M | 50x | as long as short |
| Aevo JUP-PERP | +0.0104% | 1h | 0.2948 | +0.017% | $40K | — | 3x | as long as short |
| 01 Exchange JUPUSD | +0.0136% | 1h | 0.2954 | +0.221% | $26K | $19K | 5x | as long as short |
| Coinbase International JUP-PERP-INTX | +0.0208% | 1h | 0.2957 | +0.346% | $74K | $50K | 50x | as long as short |
| Phoenix JUP | +0.0244% | 1h | 0.2957 | +0.336% | $99K | $303K | 10x | as long as short |
| BloFin JUP-USDT | +0.0340% | 4h | 0.2950 | +0.098% | $845K | $384K | 50x | as long as short |
| Extended JUP-USD | +0.0440% | 1h | 0.2942 | −0.162% | $2.2M | $502K | 25x | as long as short |
Nado JUP-PERP
Aster JUPUSDT
Binance JUPUSDT
Bybit JUPUSDT
OKX JUP-USDT-SWAP
Bulk JUP-USD
Gate JUP_USDT
MEXC JUP_USDT
KuCoin JUPUSDTM
Bitget JUPUSDT
BingX JUP-USDT
Backpack JUP_USDC_PERP
Variational Omni JUP
GRVT JUP_USDT_Perp
ApeX Omni JUPUSDT
Polymarket Perps JUP-USD
Orderly PERP_JUP_USDC
HTX JUP-USDT
Phemex JUPUSDT
Aevo JUP-PERP
01 Exchange JUPUSD
Coinbase International JUP-PERP-INTX
Phoenix JUP
BloFin JUP-USDT
Extended JUP-USD