Funding you earn now, next payment 01:00 UTC−0.0608%/8h= −66.6% APRnext payment −$0.76 per $10,000 · paid last 24h −0.097%
Price spread now: Hyperliquid against Injective−9.598%53s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.326%−$33 on $10k
+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 −$18 a day on $10k at the current rate, and Hyperliquid is 9.598% cheaper against Injective than usual: you would sell low and buy high (−$960 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.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.326% in total (about -17.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.76 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ZETA/USDC PERP | 0.06460 | 0.0033 | pay 0.0004% / 1h | 18m 37s | $1K | $5K | 5.5x |
| Short | Hyperliquid ZETA | 0.05840 | −0.0575 | pay 0.0072% / 1h | 18m 37s | $1.6M | $3.9M | 3x |
Injective ZETA/USDC PERP
Hyperliquid ZETAFunding 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
- −$127.71
- Price spread: −9.598% → 0.000%
- −$959.75
- 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
- −$1,096.49
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 3 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, 3 min ago | 5.14 bp | 27.8 bp −$28 | 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.
ZETA on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZETA_USDT | −0.2950% | 4h | 0.05826 | −9.814% | $599K | $10.1M | 25x | as long as short |
| Kraken Futures PF_ZETAUSD | −0.2796% | 1h | 0.05825 | −9.823% | $48K | $712K | 10x | as long as short |
| BingX ZETA-USDT | −0.2240% | 4h | 0.05831 | −9.737% | — | $7.2M | — | as long as short |
| BloFin ZETA-USDT | −0.2071% | 4h | 0.05819 | −9.923% | $383K | $1.1M | 50x | as long as short |
| Binance ZETAUSDT | −0.2070% | 4h | 0.05836 | −9.659% | $8.1M | $330.1M | 50x | as long as short |
| MEXC ZETA_USDT | −0.2068% | 4h | 0.05828 | −9.783% | $1.2M | $12.1M | 50x | as long as short |
| OKX ZETA-USDT-SWAP | −0.1975% | 4h | 0.05827 | −9.799% | $1.1M | $49.8M | 20x | as long as short |
| Bybit ZETAUSDT | −0.1916% | 4h | 0.05834 | −9.690% | $5.1M | $85.3M | 25x | as long as short |
| KuCoin ZETAUSDTM | −0.1742% | 4h | 0.05818 | −9.938% | $1.2M | $5.5M | 20x | as long as short |
| Variational Omni ZETA | −0.1566% | 4h | 0.05835 | −9.674% | $109K | $748K | — | as long as short |
Gate ZETA_USDT
Kraken Futures PF_ZETAUSD
BingX ZETA-USDT
BloFin ZETA-USDT
Binance ZETAUSDT
MEXC ZETA_USDT
OKX ZETA-USDT-SWAP
Bybit ZETAUSDT
KuCoin ZETAUSDTM
Variational Omni ZETAShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZETAshort | −0.0575% | 1h | 0.05840 | −9.598% | $1.6M | $3.9M | 3x | |
| Injective ZETA/USDC PERPlong | +0.0033% | 1h | 0.06460 | long leg | $1K | $5K | 5.5x | |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.05837 | −9.644% | $2.2M | $63.5M | 50x | as long as short |
Bitget ZETAUSDT