Funding you earn now, next payment 02:00 UTC+0.4229%/8h= +463.1% APRnext payment +$5.29 per $10,000 · paid last 24h +1.425%
Price spread now: Hyperliquid against Injective+1.245%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 for this trade now. Funding pays +$127 a day on $10k at the current rate, and Hyperliquid is 1.245% dearer against Injective than usual: you sell high and buy low: +$125 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective USUAL/USDC PERP | 0.01365 | −0.4129 | get 0.0516% / 1h | 10m 56s | $6K | $2K | 5.5x |
| Short | Hyperliquid USUAL | 0.01382 | 0.0100 | get 0.0013% / 1h | 10m 56s | $396K | $181K | 3x |
Injective USUAL/USDC PERP
Hyperliquid USUALFunding 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
- $888.08
- Price spread: +1.245% → 0.000%
- $124.54
- 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
- $1,003.6
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 29 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, 29 min ago | 3.64 bp | 17.9 bp −$18 | 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.
USUAL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERPlong | −0.4129% | 1h | 0.01365 | long leg | $6K | $2K | 5.5x | |
| Kraken Futures PF_USUALUSD | −0.0646% | 1h | 0.01381 | +1.190% | $112K | $18K | 10x | as long as short |
| Hyperliquid USUALshort | +0.0100% | 1h | 0.01382 | +1.245% | $396K | $181K | 3x | |
| Binance USUALUSDT | +0.0100% | 4h | 0.01382 | +1.218% | $2.2M | $3.3M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01383 | +1.297% | $1.0M | $747K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01384 | +1.392% | $935K | $180K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01382 | +1.223% | $6.0M | $242K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01383 | +1.319% | $273K | $56K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01384 | +1.392% | $829K | $372K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01382 | +1.223% | — | $1.2M | — | as long as short |
Kraken Futures PF_USUALUSD
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01381 | +1.147% | $10K | $208 | — | as long as short |
Variational Omni USUAL