Funding you earn now, next payment 07:00 UTC−0.4549%/8h= −498.1% APRnext payment −$5.69 per $10,000 · paid last 24h −1.224%
Price spread now: Injective against Hyperliquid−0.990%73s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.602%−$260 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 against this trade now: funding costs −$136 a day on $10k at the current rate, and Injective is 0.990% cheaper against Hyperliquid than usual: you would sell low and buy high (−$99 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 -2.602% in total (about -135.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.69 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 MANTA | 0.07068 | 0.0100 | pay 0.0013% / 1h | 8m 08s | $472K | $212K | 3x |
| Short | Injective MANTA/USDC PERP | 0.06998 | −0.4449 | pay 0.0556% / 1h | 8m 08s | $2K | $40K | 5.5x |
Hyperliquid MANTA
Injective MANTA/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
- −$955.26
- Price spread: −0.990% → 0.000%
- −$99.04
- 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
- −$1,063.31
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 61 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, 61 min ago | 2.82 bp | 18.6 bp −$19 | 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.
MANTA on 12 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 MANTA/USDC PERPshort | −0.4449% | 1h | 0.06998 | −0.990% | $2K | $40K | 5.5x | |
| Hyperliquid MANTAlong | +0.0100% | 1h | 0.07068 | long leg | $472K | $212K | 3x | |
| Aster MANTAUSDT | +0.0100% | 4h | 0.07052 | −0.232% | $5K | $7K | 5x | as long as short |
| Binance MANTAUSDT | +0.0100% | 4h | 0.07056 | −0.170% | $5.5M | $4.5M | 50x | as long as short |
| Bybit MANTAUSDT | +0.0100% | 4h | 0.07046 | −0.311% | $3.3M | $825K | 25x | as long as short |
| Gate MANTA_USDT | +0.0100% | 4h | 0.07046 | −0.311% | $206K | $153K | 50x | as long as short |
| MEXC MANTA_USDT | +0.0100% | 4h | 0.07054 | −0.198% | $13.6M | $658K | 50x | as long as short |
| KuCoin MANTAUSDTM | +0.0100% | 4h | 0.07049 | −0.269% | $235K | $53K | 50x | as long as short |
| Variational Omni MANTA | +0.0100% | 4h | 0.07056 | −0.167% | $17K | $3K | — | as long as short |
| BloFin MANTA-USDT | +0.0109% | 4h | 0.07055 | −0.184% | $323K | $24K | 50x | as long as short |
Aster MANTAUSDT
Binance MANTAUSDT
Bybit MANTAUSDT
Gate MANTA_USDT
MEXC MANTA_USDT
KuCoin MANTAUSDTM
Variational Omni MANTA
BloFin MANTA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MANTAUSDT | +0.0304% | 4h | 0.07069 | +0.014% | $3.2M | $379K | 50x | as long as short |
| BingX MANTA-USDT | +0.0304% | 4h | 0.07049 | −0.269% | — | $1.5M | — | as long as short |
Bitget MANTAUSDT
BingX MANTA-USDT