Funding you earn now, next payment 06:00 UTC+0.0394%/8h= +43.1% APRnext payment +$0.49 per $10,000 · paid last 24h +0.360%
Price spread now: Hyperliquid against Injective+0.039%7-day average +0.324% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.802%+$80 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.039%, 7d avg +0.324%
=Together, before fees+0.816%+ Points / potential airdropHyperliquid: Season 2 · farm board+$82 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.285% cheaper against Injective than usual: you would sell low and buy high (spread +0.039% now, against its 7-day average of +0.324%). If the spread goes back, that is −$29 on $10k: about 2.4 days of funding at the current rate (+$12 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective RENDER/USDC PERP | 1.7950 | 0.0235 | pay 0.0029% / 1h | 32m 53s | $11K | $194K | 12x |
| Short | Hyperliquid RENDER | 1.7957 | 0.0628 | get 0.0079% / 1h | 32m 53s | $4.0M | $3.3M | 5x |
Injective RENDER/USDC PERP
Hyperliquid RENDERFunding 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
- $82.67
- Price spread: +0.039% → +0.324%
- −$28.5
- 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
- $45.15
- Costs to cover
- 0.090%
- Break-even
- 3.2 days
Slippage unknown: Injective: live order book, 31 min ago; Hyperliquid: live order book, 9 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 live order book, 31 min ago | 46.56 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 2.78 bp | 14.4 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
RENDER on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.7927 | −0.128% | $18K | $37K | 25x | as long as short |
| dYdX RENDER-USD | +0.0020% | 1h | 1.7917 | −0.183% | $18K | $32K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.7970 | +0.113% | $267K | $175K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.7949 | −0.007% | $11.7M | $47.5M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.7930 | −0.111% | $11.5M | $13.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.7950 | 0.000% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.7934 | −0.089% | $520K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.7940 | −0.056% | $11.3M | $11.2M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.7960 | +0.056% | $4.8M | $11.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.7960 | +0.056% | $9.7M | $10.7M | 50x | as long as short |
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.7950 | 0.000% | — | $5.2M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.7952 | +0.012% | $255K | $314K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8034 | +0.468% | $40K | $250K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.7960 | +0.056% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.7945 | −0.026% | $26K | $194K | 10x | as long as short |
| Injective RENDER/USDC PERPlong | +0.0235% | 1h | 1.7950 | long leg | $11K | $194K | 12x | |
| Phoenix RENDER | +0.0264% | 1h | 1.7932 | −0.100% | $46K | $334K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.7930 | −0.111% | $606K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0360% / S −0.0906% | 1h | 1.7924 | −0.145% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0584% | 1h | 1.8080 | +0.724% | $150K | $60K | 50x | as long as short |
| Hyperliquid RENDERshort | +0.0628% | 1h | 1.7957 | +0.039% | $4.0M | $3.3M | 5x | |
| Kraken Futures PF_RENDERUSD | +0.1248% | 1h | 1.7961 | +0.062% | $462K | $1.2M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD