LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.070%

Price spread now: Hyperliquid against Injective+6.556%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.936%−$94 on $10k

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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 6.556% dearer against Injective than usual: you sell high and buy low: +$656 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.936%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective LINK/USDC PERP	12.400	0.0033	pay 0.0004% / 1h	2m 50s	$4K	$48K	12x
Short	Hyperliquid LINK	13.213	0.0100	get 0.0013% / 1h	2m 50s	$78.1M	$24.1M	10x

Funding 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 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 InjectivebpFee HyperliquidbpOrdersPrice spread, now +6.556%Rate

Funding earned: $14
Price spread: +6.556% → 0.000%: $655.65
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: $660.63
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; 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 no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 11 min ago	0.38 bp	7.0 bp −$7	11.6 bp −$116	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.

LINK on 40 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
GMX LINK/USD [LINK-USDC]	L −0.0090% / S +0.0167%	1h	13.199	+6.448%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.221	+6.621%	$493K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.203	+6.474%	$724K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.200	+6.448%	$134K	—	150x	as long as short
Injective LINK/USDC PERPlong	+0.0033%	1h	12.400	long leg	$4K	$48K	12x
Phoenix LINK	+0.0037%	1h	13.192	+6.389%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.196	+6.419%	$134K	$1.5M	20x	as long as short
dYdX LINK-USD	+0.0049%	1h	13.215	+6.570%	$350K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.202	+6.464%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.212	+6.546%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.198	+6.440%	$404K	$313K	10x	as long as short
Hyperliquid LINKshort	+0.0100%	1h	13.213	+6.556%	$78.1M	$24.1M	10x
Aster LINKUSDT	+0.0100%	8h	13.200	+6.454%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.215	+6.570%	$277K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.196	+6.416%	$122.7M	$303.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.194	+6.403%	$85.2M	$70.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.197	+6.427%	$27.8M	$86.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.227	+6.669%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.194	+6.403%	$130.7M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.197	+6.427%	$36.4M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.198	+6.435%	$22.7M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.195	+6.411%	$54.9M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.195	+6.411%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.189	+6.361%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.193	+6.393%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.198	+6.436%	$595K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.188	+6.355%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.202	+6.468%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.195	+6.413%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.216	+6.583%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.200	+6.452%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.196	+6.418%	$649K	$891K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.195	+6.411%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.203	+6.473%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.208	+6.516%	$994K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.206	+6.500%	$5.3M	$17.2M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0222%	1h	13.206	+6.500%	$364K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.199	+6.442%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0463%	8h	13.213	+6.556%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0692%	1h	13.207	+6.510%	$7.0M	$8.1M	50x	as long as short