Funding you earn now, next payment 02:00 UTC+0.0455%/8h= +49.8% APRnext payment +$0.57 per $10,000 · paid last 24h +0.055%
Price spread now: Hyperliquid against Injective+1.046%7-day average +2.140% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.150%+$15 on $10k
+Price spread, last 3 days (all we have)+2.981%+$298 · spread now +1.046%, 7d avg +2.140%
=Together, before fees+3.131%+ Points / potential airdropHyperliquid: Season 2 · farm board+$313 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 1.095% cheaper against Injective than usual: you would sell low and buy high (spread +1.046% now, against its 7-day average of +2.140%). If the spread goes back, that is −$109 on $10k: about 8.0 days of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.150% in total) that is about 51 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.150% in total (about 7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.57 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 KAS/USDC PERP | 0.04361 | 0.0033 | pay 0.0004% / 1h | 11m 08s | $45 | $154K | 5.5x |
| Short | Hyperliquid KAS | 0.04407 | 0.0488 | get 0.0061% / 1h | 11m 08s | $2.8M | $1.0M | 3x |
Injective KAS/USDC PERP
Hyperliquid KASFunding 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
- $95.45
- Price spread: +1.046% → +2.140%
- −$109.48
- 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
- −$23.06
- Costs to cover
- 0.090%
- Break-even
- 8.7 days
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 10 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 no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 10 min ago | 2.60 bp | 15.9 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
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.
KAS 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) KAS/USD | L +0.0010% / S 0.0000% | 1h | 0.04396 | +0.799% | $3K | — | 150x | as long as short |
| Injective KAS/USDC PERPlong | +0.0033% | 1h | 0.04361 | long leg | $45 | $154K | 5.5x | |
| Aster KASUSDT | +0.0100% | 4h | 0.04406 | +1.029% | $259K | $168K | 20x | as long as short |
| Binance KASUSDT | +0.0100% | 4h | 0.04397 | +0.821% | $4.2M | $12.2M | 75x | as long as short |
| Bybit KASUSDT | +0.0100% | 4h | 0.04394 | +0.757% | $10.9M | $7.4M | 50x | as long as short |
| Gate KAS_USDT | +0.0100% | 8h | 0.04394 | +0.757% | $2.2M | $1.7M | 75x | as long as short |
| MEXC KAS_USDT | +0.0100% | 4h | 0.04399 | +0.871% | $29.0M | $4.7M | 200x | as long as short |
| KuCoin KASUSDTM | +0.0100% | 4h | 0.04401 | +0.913% | $4.3M | $7.0M | 50x | as long as short |
| Bitget KASUSDT | +0.0100% | 4h | 0.04397 | +0.825% | $12.1M | $3.0M | 50x | as long as short |
| BingX KAS-USDT | +0.0100% | 4h | 0.04397 | +0.825% | — | $67.9M | — | as long as short |
gTrade (Gains Network) KAS/USD
Aster KASUSDT
Binance KASUSDT
Bybit KASUSDT
Gate KAS_USDT
MEXC KAS_USDT
KuCoin KASUSDTM
Bitget KASUSDT
BingX KAS-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni KAS | +0.0100% | 4h | 0.04395 | +0.773% | $26K | $20K | — | as long as short |
| GMX KAS/USD [WBTC.b-USDC] | L +0.0292% / S −0.5848% | 1h | 0.04397 | +0.819% | $12K | — | 100x | as long as short |
| Hyperliquid KASshort | +0.0488% | 1h | 0.04407 | +1.046% | $2.8M | $1.0M | 3x | |
| Kraken Futures PF_KASUSD | +0.0725% | 1h | 0.04402 | +0.941% | $311K | $479K | 20x | as long as short |
Variational Omni KAS
GMX KAS/USD [WBTC.b-USDC]
Kraken Futures PF_KASUSD