WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0293%/8h= −32.0% APRnext payment −$0.37 per $10,000 · paid last 24h −0.052%

Price spread now: Injective against Hyperliquid−1.075%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 −$9 a day on $10k at the current rate, and Injective is 1.075% cheaper against Hyperliquid than usual: you would sell low and buy high (−$107 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 WIF	0.2497	0.0326	pay 0.0041% / 1h	18m 27s	$8.1M	$4.8M	5x
Short	Injective WIF/USDC PERP	0.2470	0.0033	get 0.0004% / 1h	18m 27s	$11K	$10K	12x

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 −1.075%Rate

Funding earned: −$61.46
Price spread: −1.075% → 0.000%: −$107.5
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: −$177.98
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 4 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, 4 min ago	1.20 bp	13.0 bp −$13	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.

WIF on 32 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
BloFin WIF-USDT	−0.0189%	4h	0.2494	−0.114%	$1.0M	$832K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2495	−0.094%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2494	−0.114%	$47K	$258K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2496	−0.019%	$807	—	150x	as long as short
Injective WIF/USDC PERPshort	+0.0033%	1h	0.2470	−1.075%	$11K	$10K	12x
Lighter WIF	+0.0096%	1h	0.2497	+0.018%	$141K	$628K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2493	−0.154%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2496	−0.040%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2495	−0.074%	$77K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2493	−0.162%	$19.1M	$114.8M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2491	−0.234%	$17.1M	$38.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2491	−0.234%	$5.9M	$35.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2494	−0.114%	$1.2M	$7.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2493	−0.154%	$22.5M	$11.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2495	−0.074%	$4.4M	$13.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2491	−0.234%	$7.5M	$12.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2494	−0.114%	—	$65.9M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2492	−0.190%	$85K	$272K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2488	−0.352%	$76K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2487	−0.413%	$282K	$2.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2492	−0.194%	$43K	$627K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2496	−0.034%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2494	−0.114%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2495	−0.094%	$573	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2491	−0.234%	$168K	$693K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2491	−0.220%	$9K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2494	−0.099%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0136%	1h	0.2496	−0.047%	$655K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0151% / S −0.0024%	1h	0.2496	−0.034%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2498	+0.046%	$333K	$2.7M	50x	as long as short
Hyperliquid WIFlong	+0.0326%	1h	0.2497	long leg	$8.1M	$4.8M	5x
Reya WIFRUSDPERP	+0.0558%	1h	0.2491	−0.251%	$0	—	15x	as long as short