TURBO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h +0.042%

Price spread now: Injective against Hyperliquid−0.187%53s7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Injective

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.187% cheaper against Hyperliquid than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 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 TURBO	0.001071	0.0100	pay 0.0013% / 1h	52m 34s	$314K	$170K	3x
Short	Injective TURBO/USDC PERP	0.001069	0.0033	get 0.0004% / 1h	52m 34s	$83	$4	5.5x

Funding 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 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 HyperliquidbpFee InjectivebpOrdersPrice spread, now −0.187%Rate

Funding earned: −$14
Price spread: −0.187% → 0.000%: −$18.67
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: −$41.69
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 67 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, 67 min ago	4.67 bp	21.9 bp −$22	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.

TURBO on 14 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_TURBOUSD	−0.0252%	1h	0.001068	−0.247%	$71K	$31K	20x	as long as short
Injective TURBO/USDC PERPshort	+0.0033%	1h	0.001069	−0.187%	$83	$4	5.5x
BloFin TURBO-USDT	+0.0064%	4h	0.001070	−0.084%	$155K	$483K	75x	as long as short
Hyperliquid TURBOlong	+0.0100%	1h	0.001071	long leg	$314K	$170K	3x
Aster TURBOUSDT	+0.0100%	4h	0.001070	−0.068%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001070	−0.068%	$2.9M	$6.5M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001071	+0.047%	$391K	$777K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001072	+0.056%	$911K	$2.3M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001072	+0.084%	$388K	$344K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001070	−0.131%	$5.6M	$611K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TURBOUSDTM	+0.0100%	4h	0.001071	−0.028%	$1.8M	$910K	20x	as long as short
Bitget TURBOUSDT	+0.0100%	4h	0.001071	0.000%	$1.0M	$594K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001070	−0.121%	—	$9.4M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001071	−0.035%	$3K	$158K	5x	as long as short