Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.058%
Price spread now: Injective against Hyperliquid+2.135%7-day average −9.920% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.331%−$33 on $10k
+Price spread, last 4 days (all we have)−17.581%−$1,758 · spread now +2.135%, 7d avg −9.920%
=Together, before fees−17.913%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1,791 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 12.055% dearer against Hyperliquid than usual: you sell high and buy low (spread +2.135% now, against its 7-day average of −9.920%): +$1,205 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 20 months. At the pace of the last 7 days (−0.331% in total) that is about 8 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid LIT | 4.7036 | 0.0100 | pay 0.0013% / 1h | 22m 36s | $210.1M | $40.8M | 5x |
| Short | Injective LIT/USDC PERP | 4.8040 | 0.0033 | get 0.0004% / 1h | 22m 36s | $422 | $178K | 5.5x |
Hyperliquid LIT
Injective LIT/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
- −$14
- Price spread: +2.135% → −9.920%
- $1,205.49
- 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
- $1,182.47
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 11 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, 11 min ago | 0.96 bp | 10.0 bp −$10 | 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.
LIT on 42 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_LIT_USDC | −0.0387% | 4h | 4.6897 | −0.296% | $32K | $1K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0296% | 1h | 4.7023 | −0.028% | $33K | $4K | 5x | as long as short |
| Bullet LIT-USD | −0.0258% | 1h | 4.6946 | −0.191% | $84K | $68K | 20x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0159% | 1h | 4.6952 | −0.178% | $41K | $40K | 10x | as long as short |
| Gate LIT_USDT | −0.0116% | 4h | 4.7010 | −0.055% | $2.7M | $4.2M | 50x | as long as short |
| Phoenix LIT | −0.0085% | 1h | 4.6996 | −0.085% | $202K | $341K | 5x | as long as short |
| Phemex LITUSDT | −0.0038% | 4h | 4.6910 | −0.268% | $1.4M | $2.8M | 20x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0024% | 1h | 4.6800 | −0.503% | $611K | $411K | 50x | as long as short |
| ApeX Omni LITUSDT | −0.0021% | 1h | 4.6920 | −0.247% | $56K | $76K | 50x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.6968 | −0.145% | $11K | — | 150x | as long as short |
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Bullet LIT-USD
Deribit LIT_USDC-PERPETUAL
Gate LIT_USDT
Phoenix LIT
Phemex LITUSDT
Coinbase International LIT-PERP-INTX
ApeX Omni LITUSDT
gTrade (Gains Network) LIT/USDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX LIT-USD | +0.0007% | 1h | 4.6991 | −0.097% | $34K | — | 5x | as long as short |
| KuCoin LITUSDTM | +0.0026% | 4h | 4.6984 | −0.111% | $5.2M | $1.0M | 30x | as long as short |
| OKX LIT-USDT-SWAP | +0.0027% | 4h | 4.7034 | −0.004% | $25.4M | $61.6M | 50x | as long as short |
| Injective LIT/USDC PERPshort | +0.0033% | 1h | 4.8040 | +2.135% | $422 | $178K | 5.5x | |
| GRVT LIT_USDT_Perp | +0.0042% | 4h | 4.6826 | −0.448% | $909K | $1.7M | 10x | as long as short |
| Paradex LIT-USD-PERP | +0.0074% | 8h | 4.6990 | −0.097% | $7K | $2K | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7020 | −0.034% | $58.6M | $28.8M | 5x | as long as short |
| RISEx LIT/USDC | +0.0099% | 1h | 4.7052 | +0.034% | $795K | $2.1M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.6905 | −0.280% | $2.2M | $1.7M | 10x | as long as short |
| Hyperliquid LITlong | +0.0100% | 1h | 4.7036 | long leg | $210.1M | $40.8M | 5x | |
| Pacifica LIT | +0.0100% | 1h | 4.7000 | −0.077% | $581K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.6992 | −0.094% | $74.8M | $78.5M | 75x | as long as short |
| Bybit LITUSDT | +0.0100% | 4h | 4.7020 | −0.034% | $41.7M | $28.6M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7026 | −0.021% | $118K | $448K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.6864 | −0.366% | $117K | $2K | 10x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.6995 | −0.087% | $5.5M | $3.9M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7030 | −0.013% | $6.7M | $2.6M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.6969 | −0.142% | $691K | $1.4M | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6867 | −0.359% | $285K | $303K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.6960 | −0.162% | $444K | $104K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.6978 | −0.124% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6918 | −0.251% | $4K | $1.1M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.6959 | −0.164% | $1K | $410K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7009 | −0.057% | $194K | $380K | 30x | as long as short |
| Lighter RH LIT | +0.0104% | 1h | 4.7063 | +0.057% | $3.7M | $13.2M | 5x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.6998 | −0.082% | $5.1M | $4.9M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.6936 | −0.213% | $147K | — | 3x | as long as short |
| Aftermath Perps LITUSD | +0.0191% | 1h | 4.6910 | −0.267% | $9K | $206K | 10x | as long as short |
| Aster LITUSDT | +0.0193% | 4h | 4.7050 | +0.031% | $12.6M | $2.0M | 50x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.6915 | −0.257% | $1.6M | $1.9M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0413% / S −0.0211% | 1h | 4.6974 | −0.132% | $63K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.6970 | −0.140% | $31K | $819K | 33x | as long as short |
dYdX LIT-USD
KuCoin LITUSDTM
OKX LIT-USDT-SWAP
GRVT LIT_USDT_Perp
Paradex LIT-USD-PERP
Lighter LIT
RISEx LIT/USDC
Nado LIT-PERP
Pacifica LIT
Binance LITUSDT
Bybit LITUSDT
Arcus LIT-USD
Bulk LIT-USD
MEXC LIT_USDT
Bitget LITUSDT
Backpack LIT_USDC_PERP
edgeX LITUSDC
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Lighter RH LIT
Extended LIT-USD
Aevo LIT-PERP
Aftermath Perps LITUSD
Aster LITUSDT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Perpl LIT