Funding you earn now, next payment 12:00 UTC+0.0620%/8h= +67.9% APRnext payment +$0.78 per $10,000 · paid last 24h +0.086%
Price spread now: Hyperliquid against Injective+0.377%73s7-day average −0.513% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.412%+$41 on $10k
+Price spread, last 4 days (all we have)+3.868%+$387 · spread now +0.377%, 7d avg −0.513%
=Together, before fees+4.281%+ Points / potential airdropHyperliquid: Season 2 · farm board+$428 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Hyperliquid is 0.890% dearer against Injective than usual: you sell high and buy low: +$89 more if the spread goes back to its 7-day average of −0.513%. The two prices were read 73 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 0.412% in total (about 21.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.78 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective AERO/USDC PERP | 0.6902 | 0.0033 | pay 0.0004% / 1h | 9m 51s | $4 | $209K | 5.5x |
| Short | Hyperliquid AERO | 0.6928 | 0.0654 | get 0.0082% / 1h | 9m 51s | $22.9M | $5.8M | 3x |
Injective AERO/USDC PERP
Hyperliquid AEROFunding 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
- $130.29
- Price spread: +0.377% → −0.513%
- $89.01
- 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
- $210.29
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 6 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, 6 min ago | 0.58 bp | doesn't fit | 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.
AERO on 23 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International AERO-PERP-INTX | −0.1456% | 1h | 0.6601 | −4.361% | $81K | $39K | 25x | as long as short |
| BloFin AERO-USDT | −0.0200% | 4h | 0.6917 | +0.217% | $963K | $606K | 25x | as long as short |
| Injective AERO/USDC PERPlong | +0.0033% | 1h | 0.6902 | long leg | $4 | $209K | 5.5x | |
| Deribit AERO_USDC-PERPETUAL | +0.0039% | 1h | 0.6916 | +0.203% | $55K | — | 10x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6924 | +0.321% | $42K | $105K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6921 | +0.271% | $26.2M | $24.9M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6919 | +0.246% | $23.3M | $18.2M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6926 | +0.348% | $2.3M | $5.5M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6920 | +0.261% | $1.6M | $487K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6920 | +0.261% | $8.6M | $1.5M | 100x | as long as short |
Coinbase International AERO-PERP-INTX
BloFin AERO-USDT
Deribit AERO_USDC-PERPETUAL
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDTShow all 23 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6922 | +0.290% | $1.9M | $1.3M | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6920 | +0.261% | $4.1M | $1.9M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.6922 | +0.290% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6913 | +0.154% | $1.9M | $868K | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6921 | +0.276% | $217K | $1.6M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6912 | +0.139% | $46K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6913 | +0.161% | $19K | $4K | 15x | as long as short |
| Backpack AERO_USDC_PERP | +0.0495% | 1h | 0.6919 | +0.251% | $95K | $245K | 15x | as long as short |
| RISEx AERO/USDC | +0.0517% | 1h | 0.6917 | +0.223% | $210K | $602K | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0522% / S −0.0258% | 1h | 0.6912 | +0.146% | $91K | — | 100x | as long as short |
| 01 Exchange AEROUSD | +0.0528% | 1h | 0.6924 | +0.319% | $188 | $42 | 3x | as long as short |
| Hyperliquid AEROshort | +0.0654% | 1h | 0.6928 | +0.377% | $22.9M | $5.8M | 3x | |
| Lighter AERO | +0.0920% | 1h | 0.6929 | +0.390% | $1.3M | $402K | 3x | as long as short |
KuCoin AEROUSDTM
Bitget AEROUSDT
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
Backpack AERO_USDC_PERP
RISEx AERO/USDC
GMX AERO/USD [ETH-USDC]
01 Exchange AEROUSD
Lighter AERO