Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.002%
Price spread now: Hyperliquid against Injective−3.946%93s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.155%−$16 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
Funding pays, the price is against you. Hyperliquid is 3.946% cheaper against Injective than usual: you would sell low and buy high (spread −3.946% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$395 on $10k: about 7 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.155%, so the current rate has only just turned in your favour. The two prices were read 93 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 | Injective S/USDC PERP | 0.04100 | 0.0033 | pay 0.0004% / 1h | 41m 34s | $2K | $37K | 12x |
| Short | Hyperliquid S | 0.03938 | 0.0100 | get 0.0013% / 1h | 41m 34s | $988K | $788K | 5x |
Injective S/USDC PERP
Hyperliquid SFunding 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
- $14
- Price spread: −3.946% → 0.000%
- −$394.63
- 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
- −$389.65
- Costs to cover
- 0.090%
- Break-even
- 201.8 days
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 69 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 no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 69 min ago | 1.40 bp | 16.4 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.1587% | 1h | 0.03937 | −3.964% | $33K | $28K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1576% | 1h | 0.03826 | −6.683% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.0862% | 4h | 0.03922 | −4.338% | $611K | $32K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0194% / S +0.0188% | 1h | 0.03942 | −3.863% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03935 | −4.026% | $4 | — | 15x | as long as short |
| 01 Exchange SUSD | −0.0016% | 1h | 0.03940 | −3.902% | $24K | $2K | 5x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03940 | −3.894% | $607 | — | 150x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0004% | 1h | 0.03943 | −3.829% | $66K | $10K | 10x | as long as short |
| Orderly PERP_S_USDC | +0.0024% | 4h | 0.03938 | −3.951% | $100K | $348K | 10x | as long as short |
| Injective S/USDC PERPlong | +0.0033% | 1h | 0.04100 | long leg | $2K | $37K | 12x |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
01 Exchange SUSD
gTrade (Gains Network) S/USD
Deribit S_USDC-PERPETUAL
Orderly PERP_S_USDCShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SUSDT | +0.0058% | 4h | 0.03937 | −3.979% | $43K | $212K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.03941 | −3.878% | $165K | $222K | 5x | as long as short |
| Hyperliquid Sshort | +0.0100% | 1h | 0.03938 | −3.946% | $988K | $788K | 5x | |
| Binance SUSDT | +0.0100% | 4h | 0.03937 | −3.970% | $5.4M | $20.4M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03930 | −4.146% | $5.6M | $5.9M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03934 | −4.049% | $982K | $6.4M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03931 | −4.122% | $321K | $265K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03937 | −3.976% | $3.6M | $2.3M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03932 | −4.098% | $1.8M | $3.1M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03938 | −3.951% | $1.2M | $2.7M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03936 | −4.000% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03930 | −4.146% | $25K | $466K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03935 | −4.018% | $221K | $881K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03935 | −4.024% | $268K | $128K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0390% | 1h | 0.03940 | −3.902% | $115K | $300K | 5x | as long as short |
Aster SUSDT
Lighter S
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
Backpack S_USDC_PERP