TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0006%/8h= −0.6% APRnext payment −$0.01 per $10,000 · paid last 24h +0.036%

Price spread now: Hyperliquid against Injective−0.321%93s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Hyperliquid

What this pair did over the last

the charts below follow

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.321% cheaper against Injective than usual: you would sell low and buy high, −$32 on $10k if it goes back to zero (this spread has no 7-day history yet). 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 TIA/USDC PERP	0.4331	0.0106	pay 0.0013% / 1h	51m 33s	$26K	$10K	12x
Short	Hyperliquid TIA	0.4317	0.0100	get 0.0013% / 1h	51m 33s	$4.2M	$1.5M	5x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee HyperliquidbpOrdersPrice spread, now −0.321%Rate

Funding earned: −$1.21
Price spread: −0.321% → 0.000%: −$32.09
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: −$42.32
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 10 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, 10 min ago	0.58 bp	13.6 bp −$14	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.

TIA on 27 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_TIAUSD	−0.0230%	1h	0.4307	−0.543%	$354K	$239K	50x	as long as short
KuCoin TIAUSDTM	−0.0048%	4h	0.4312	−0.439%	$4.1M	$8.5M	50x	as long as short
Gate TIA_USDT	−0.0044%	4h	0.4309	−0.508%	$991K	$1.8M	75x	as long as short
OKX TIA-USDT-SWAP	−0.0020%	4h	0.4308	−0.531%	$2.7M	$5.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4310	−0.485%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4310	−0.478%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0030%	4h	0.4309	−0.508%	$9.4M	$13.1M	50x	as long as short
Variational Omni TIA	+0.0066%	4h	0.4320	−0.251%	$101K	$84K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4315	−0.360%	$127K	$351K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4309	−0.508%	$5K	$361K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIAshort	+0.0100%	1h	0.4317	−0.321%	$4.2M	$1.5M	5x
Aster TIAUSDT	+0.0100%	4h	0.4309	−0.513%	$34K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4311	−0.462%	$14.1M	$41.0M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4312	−0.439%	$14.8M	$6.0M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4309	−0.508%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4310	−0.485%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4309	−0.520%	$100K	$149K	10x	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4328	−0.069%	$49K	$237K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4307	−0.554%	$64K	$41K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4307	−0.546%	$58K	$165K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4308	−0.532%	$7K	—	3x	as long as short
Injective TIA/USDC PERPlong	+0.0106%	1h	0.4331	long leg	$26K	$10K	12x
Reya TIARUSDPERP	+0.0179%	1h	0.4307	−0.559%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0216%	1h	0.4315	−0.369%	$48K	$72K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4312	−0.439%	$1.0M	$540K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0456% / S −0.3505%	1h	0.4310	−0.475%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0473%	1h	0.4314	−0.401%	$51K	$59	10x	as long as short