Funding you earn now, next payment 23:00 UTC−0.0153%/8h= −16.8% APRnext payment −$0.19 per $10,000 · paid last 24h −0.126%
Price spread now: Injective against Hyperliquid−0.043%53s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+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 −$5 a day on $10k at the current rate, and Injective is 0.043% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MON | 0.02583 | 0.0100 | pay 0.0013% / 1h | 24m 19s | $34.9M | $7.4M | 5x |
| Short | Injective MON/USDC PERP | 0.02582 | −0.0053 | pay 0.0007% / 1h | 24m 19s | $6K | $108 | 5.5x |
Hyperliquid MON
Injective MON/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
- −$32.18
- Price spread: −0.043% → 0.000%
- −$4.26
- 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
- −$45.45
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 9 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, 9 min ago | 0.39 bp | 10.9 bp −$11 | 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.
MON on 33 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 MON/USDC PERPshort | −0.0053% | 1h | 0.02582 | −0.043% | $6K | $108 | 5.5x | |
| Bybit MONUSDT | −0.0053% | 8h | 0.02574 | −0.368% | $21.4M | $11.8M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0024% | 1h | 0.02582 | −0.050% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02575 | −0.325% | $13K | $362K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02581 | −0.097% | $143K | $1.8M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02579 | −0.170% | $70K | $119K | 25x | as long as short |
| Aftermath Perps MONUSD | +0.0036% | 1h | 0.02578 | −0.201% | $2K | $73K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0067% | 4h | 0.02575 | −0.314% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0082% | 8h | 0.02578 | −0.179% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02582 | −0.043% | $855K | $773K | 10x | as long as short |
Bybit MONUSDT
01 Exchange MONUSD
Phoenix MON
Perpl MON
Deribit MON_USDC-PERPETUAL
Aftermath Perps MONUSD
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02585 | +0.063% | $389K | $539K | 10x | as long as short |
| Hyperliquid MONlong | +0.0100% | 1h | 0.02583 | long leg | $34.9M | $7.4M | 5x | |
| Aster MONUSDT | +0.0100% | 4h | 0.02579 | −0.163% | $108K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02579 | −0.154% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02581 | −0.085% | $142K | $107K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02579 | −0.168% | $24.5M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02573 | −0.391% | $4.4M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02570 | −0.507% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02579 | −0.159% | $1.0M | $872K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02580 | −0.120% | $2.7M | $1.8M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02579 | −0.166% | $138K | $134K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02573 | −0.403% | $780K | $407K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02573 | −0.394% | $47K | $242K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02576 | −0.276% | $578K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02574 | −0.352% | $69K | $479K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02578 | −0.197% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02583 | +0.013% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02575 | −0.310% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0173% | 1h | 0.02581 | −0.063% | $271K | $77K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02580 | −0.116% | $9K | — | 50x | as long as short |
| KuCoin MONUSDTM | +0.0302% | 4h | 0.02584 | +0.035% | $3.2M | $697K | 75x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02575 | −0.314% | $1.4M | $293K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02607 | +0.914% | $114K | $49K | 50x | as long as short |
Nado MON-PERP
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Kraken Futures PF_MONUSD
GMX MON/USD [ETH-USDC]
KuCoin MONUSDTM
BloFin MON-USDT
Coinbase International MON-PERP-INTX