Funding you earn now, next payment 22:00 UTC+0.5100%/8h= +558.5% APRnext payment +$6.38 per $10,000 · paid last 24h +0.486%
Price spread now: Hyperliquid against Injective+1.297%73s7-day average +2.243% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.252%+$225 on $10k
+Price spread, last 3 days (all we have)−0.183%−$18 · spread now +1.297%, 7d avg +2.243%
=Together, before fees+2.069%+ Points / potential airdropHyperliquid: Season 2 · farm board+$207 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.946% cheaper against Injective than usual: you would sell low and buy high (spread +1.297% now, against its 7-day average of +2.243%). If the spread goes back, that is −$95 on $10k: about 15 hours of funding at the current rate (+$153 a day). At the pace of the last 7 days (+2.252% in total) that is about 2.9 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 2.252% in total (about 117.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.38 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 | Injective JUP/USDC PERP | 0.2929 | −0.5000 | get 0.0625% / 1h | 42m 02s | $3K | $154K | 5.5x |
| Short | Hyperliquid JUP | 0.2967 | 0.0100 | get 0.0013% / 1h | 42m 02s | $19.0M | $14.1M | 10x |
Injective JUP/USDC PERP
Hyperliquid JUPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Injective. 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
- $1,071
- Price spread: +1.297% → +2.243%
- −$94.57
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $967.41
- Costs to cover
- 0.090%
- Break-even
- 0.7 days
Slippage unknown: Injective: live order book, 46 min ago; Hyperliquid: live order book, 11 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 Injective live order book, 46 min ago | 107.17 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 1.18 bp | 8.6 bp −$9 | 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 PERPlong | −0.5000% | 1h | 0.2929 | long leg | $3K | $154K | 5.5x | |
| GMX JUP/USD [WBTC.b-USDC] | L −0.0745% / S +0.0257% | 1h | 0.2966 | +1.260% | $13K | — | 100x | as long as short |
| Bybit JUPUSDT | −0.0348% | 4h | 0.2961 | +1.106% | $16.2M | $24.1M | 50x | as long as short |
| Gate JUP_USDT | −0.0018% | 4h | 0.2961 | +1.093% | $738K | $1.9M | 75x | as long as short |
| Phoenix JUP | 0.0000% | 1h | 0.2964 | +1.188% | $94K | $447K | 10x | as long as short |
| Deribit JUP_USDC-PERPETUAL | 0.0000% | 1h | 0.2966 | +1.260% | $56K | $14K | 10x | as long as short |
| gTrade (Gains Network) JUP/USD | L +0.0002% / S −0.0001% | 1h | 0.2967 | +1.289% | $17K | — | 150x | as long as short |
| Kraken Futures PF_JUPUSD | +0.0009% | 1h | 0.2966 | +1.256% | $602K | $623K | 20x | as long as short |
| dYdX JUP-USD | +0.0016% | 1h | 0.2965 | +1.225% | $39K | $36K | 5x | as long as short |
| Backpack JUP_USDC_PERP | +0.0025% | 1h | 0.2964 | +1.205% | $983K | $268K | 10x | as long as short |
GMX JUP/USD [WBTC.b-USDC]
Bybit JUPUSDT
Gate JUP_USDT
Phoenix JUP
Deribit JUP_USDC-PERPETUAL
gTrade (Gains Network) JUP/USD
Kraken Futures PF_JUPUSD
dYdX JUP-USD
Backpack JUP_USDC_PERPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin JUP-USDT | +0.0047% | 4h | 0.2960 | +1.058% | $866K | $330K | 50x | as long as short |
| 01 Exchange JUPUSD | +0.0048% | 1h | 0.2968 | +1.318% | $26K | $19K | 5x | as long as short |
| Reya JUPRUSDPERP | +0.0057% | 1h | 0.2963 | +1.157% | — | — | 20x | as long as short |
| Paradex JUP-USD-PERP | +0.0090% | 8h | 0.2964 | +1.206% | $9K | $15K | 10x | as long as short |
| Lighter JUP | +0.0096% | 1h | 0.2968 | +1.328% | $895K | $1.3M | 10x | as long as short |
| Variational Omni JUP | +0.0098% | 4h | 0.2958 | +0.991% | $724K | $1.2M | — | as long as short |
| Orderly PERP_JUP_USDC | +0.0099% | 4h | 0.2966 | +1.263% | $31K | $51K | 10x | as long as short |
| Nado JUP-PERP | +0.0100% | 1h | 0.2962 | +1.144% | $598K | $668K | 10x | as long as short |
| Hyperliquid JUPshort | +0.0100% | 1h | 0.2967 | +1.297% | $19.0M | $14.1M | 10x | |
| Aster JUPUSDT | +0.0100% | 4h | 0.2966 | +1.247% | $107K | $366K | 10x | as long as short |
| Pacifica JUP | +0.0100% | 1h | 0.2965 | +1.244% | $283K | $185K | 10x | as long as short |
| Binance JUPUSDT | +0.0100% | 4h | 0.2964 | +1.195% | $16.4M | $56.4M | 75x | as long as short |
| OKX JUP-USDT-SWAP | +0.0100% | 4h | 0.2963 | +1.161% | $4.1M | $16.7M | 50x | as long as short |
| Bulk JUP-USD | +0.0100% | 1h | 0.2965 | +1.218% | $58K | $4K | 10x | as long as short |
| MEXC JUP_USDT | +0.0100% | 4h | 0.2965 | +1.229% | $8.1M | $8.1M | 200x | as long as short |
| KuCoin JUPUSDTM | +0.0100% | 4h | 0.2965 | +1.229% | $4.5M | $7.2M | 50x | as long as short |
| Bitget JUPUSDT | +0.0100% | 4h | 0.2965 | +1.229% | $5.7M | $8.5M | 75x | as long as short |
| BingX JUP-USDT | +0.0100% | 4h | 0.2963 | +1.161% | — | $21.6M | — | as long as short |
| GRVT JUP_USDT_Perp | +0.0100% | 4h | 0.2961 | +1.093% | $1.6M | $4.2M | 10x | as long as short |
| ApeX Omni JUPUSDT | +0.0100% | 1h | 0.2961 | +1.093% | $157K | $319K | 50x | as long as short |
| Polymarket Perps JUP-USD | +0.0100% | 1h | 0.2969 | +1.362% | $94K | $137K | 10x | as long as short |
| HTX JUP-USDT | +0.0100% | 4h | 0.2958 | +0.990% | $111K | $69K | 20x | as long as short |
| Phemex JUPUSDT | +0.0100% | 4h | 0.2968 | +1.332% | $2.9M | $4.1M | 50x | as long as short |
| Aevo JUP-PERP | +0.0104% | 1h | 0.2963 | +1.144% | $40K | — | 3x | as long as short |
| Coinbase International JUP-PERP-INTX | +0.0248% | 1h | 0.2988 | +2.004% | $74K | $95K | 50x | as long as short |
| Extended JUP-USD | +0.0256% | 1h | 0.2962 | +1.136% | $2.2M | $539K | 25x | as long as short |
BloFin JUP-USDT
01 Exchange JUPUSD
Reya JUPRUSDPERP
Paradex JUP-USD-PERP
Lighter JUP
Variational Omni JUP
Orderly PERP_JUP_USDC
Nado JUP-PERP
Aster JUPUSDT
Pacifica JUP
Binance JUPUSDT
OKX JUP-USDT-SWAP
Bulk JUP-USD
MEXC JUP_USDT
KuCoin JUPUSDTM
Bitget JUPUSDT
BingX JUP-USDT
GRVT JUP_USDT_Perp
ApeX Omni JUPUSDT
Polymarket Perps JUP-USD
HTX JUP-USDT
Phemex JUPUSDT
Aevo JUP-PERP
Coinbase International JUP-PERP-INTX
Extended JUP-USD