Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.197%
Price spread now: Injective against Hyperliquid+3.780%73s7-day average −0.120% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.597%−$60 on $10k
+Price spread, last 4 days (all we have)−3.671%−$367 · spread now +3.780%, 7d avg −0.120%
=Together, before fees−4.268%+ Points / potential airdropHyperliquid: Season 2 · farm board−$427 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 3.899% dearer against Hyperliquid than usual: you sell high and buy low (spread +3.780% now, against its 7-day average of −0.120%): +$390 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6 months. At the pace of the last 7 days (−0.597% in total) that is about 46 days. The two prices were read 73 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 SKY | 0.06911 | 0.0100 | pay 0.0013% / 1h | 56m 07s | $2.8M | $928K | 3x |
| Short | Injective SKY/USDC PERP | 0.07172 | 0.0033 | get 0.0004% / 1h | 56m 07s | $392 | $303K | 12x |
Hyperliquid SKY
Injective SKY/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: +3.780% → −0.120%
- $389.93
- 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
- $366.91
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 5 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, 5 min ago | 3.47 bp | 19.4 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.
SKY on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKY | −0.0315% | 4h | 0.06888 | −0.329% | $184K | $115K | — | as long as short |
| Bybit SKYUSDT | −0.0003% | 4h | 0.06896 | −0.214% | $7.2M | $3.2M | 25x | as long as short |
| Injective SKY/USDC PERPshort | +0.0033% | 1h | 0.07172 | +3.780% | $392 | $303K | 12x | |
| Lighter SKY | +0.0096% | 1h | 0.06903 | −0.117% | $180K | $177K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06901 | −0.145% | $73K | $30K | 5x | as long as short |
| Hyperliquid SKYlong | +0.0100% | 1h | 0.06911 | long leg | $2.8M | $928K | 3x | |
| Aster SKYUSDT | +0.0100% | 4h | 0.06896 | −0.221% | $42K | $43K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06903 | −0.113% | $15.7M | $10.9M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06897 | −0.200% | $816K | $1.2M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06889 | −0.315% | $598K | $271K | 50x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.06907 | −0.055% | $1.0M | $261K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06894 | −0.243% | $406K | $291K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06903 | −0.113% | $2.9M | $1.5M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06897 | −0.200% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06901 | −0.142% | $27K | $663K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06896 | −0.214% | $1K | $3K | 10x | as long as short |
| BloFin SKY-USDT | +0.0112% | 4h | 0.06886 | −0.359% | $586K | $29K | 75x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0523% / S −0.0248% | 1h | 0.06905 | −0.085% | $82K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
GMX SKY/USD [ETH-USDC]