Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.006%
Price spread now: Injective against Hyperliquid+1.402%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.150%+$15 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
The price spread pays, funding is against you. Injective is 1.402% dearer against Hyperliquid than usual: you sell high and buy low (spread +1.402% now, against zero (this spread has no 7-day history yet)): +$140 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months. Mind the row above: over the last 7 days funding on this pair paid +0.150%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid S | 0.04043 | 0.0100 | pay 0.0013% / 1h | 32m 56s | $1.0M | $554K | 5x |
| Short | Injective S/USDC PERP | 0.04100 | 0.0033 | get 0.0004% / 1h | 32m 56s | $2K | $37K | 12x |
Hyperliquid S
Injective S/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: +1.402% → 0.000%
- $140.23
- 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
- $117.21
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 7 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, 7 min ago | 0.99 bp | 15.1 bp −$15 | 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.
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −0.7960% | 1h | 0.03970 | −1.813% | $25K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2528% | 1h | 0.04039 | −0.106% | $33K | $13K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1376% | 1h | 0.03986 | −1.417% | $48K | $16K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04041 | −0.062% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04039 | −0.098% | $4 | — | 15x | as long as short |
| Variational Omni S | −0.0016% | 4h | 0.04037 | −0.161% | $626K | $30K | — | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04041 | −0.059% | $3K | — | 150x | as long as short |
| Injective S/USDC PERPshort | +0.0033% | 1h | 0.04100 | +1.402% | $2K | $37K | 12x | |
| Orderly PERP_S_USDC | +0.0063% | 4h | 0.04040 | −0.082% | $100K | $298K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04044 | +0.017% | $169K | $156K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Variational Omni S
gTrade (Gains Network) S/USD
Orderly PERP_S_USDC
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid Slong | +0.0100% | 1h | 0.04043 | long leg | $1.0M | $554K | 5x | |
| Aster SUSDT | +0.0100% | 4h | 0.04040 | −0.079% | $44K | $131K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04044 | +0.010% | $5.6M | $13.7M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04037 | −0.156% | $5.8M | $4.5M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04040 | −0.082% | $1.0M | $3.9M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04039 | −0.106% | $331K | $188K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04043 | −0.007% | $3.9M | $1.8M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04039 | −0.106% | $1.9M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04043 | −0.007% | $1.2M | $2.2M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04040 | −0.082% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04030 | −0.329% | $24K | $458K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04041 | −0.058% | $231K | $1.1M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04024 | −0.477% | $279K | $97K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0740% | 1h | 0.04046 | +0.067% | $68K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.0843% | 1h | 0.04050 | +0.166% | $118K | $403K | 5x | as long as short |
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP