Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h −0.050%
Price spread now: Hyperliquid against Injective−0.975%7-day average — · you buy dearer than you sell
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
Funding pays, the price is against you. Hyperliquid is 0.975% cheaper against Injective than usual: you would sell low and buy high (spread −0.975% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$98 on $10k: about 49 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ALT/USDC PERP | 0.007691 | 0.0033 | pay 0.0004% / 1h | 57m 07s | $837 | $4K | 5.5x |
| Short | Hyperliquid ALT | 0.007616 | 0.0100 | get 0.0013% / 1h | 57m 07s | $1.1M | $176K | 3x |
Injective ALT/USDC PERP
Hyperliquid ALTFunding 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
- $14
- Price spread: −0.975% → 0.000%
- −$97.52
- 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
- −$92.54
- Costs to cover
- 0.090%
- Break-even
- 53.3 days
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 | 2.62 bp | 11.7 bp −$12 | 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.
ALT 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALT_USDC-PERPETUAL | −0.0144% | 1h | 0.007619 | −0.936% | — | $0 | 25x | as long as short |
| Injective ALT/USDC PERPlong | +0.0033% | 1h | 0.007691 | long leg | $837 | $4K | 5.5x | |
| Kraken Futures PF_ALTUSD | +0.0042% | 1h | 0.007624 | −0.866% | $45K | $8K | 10x | as long as short |
| Hyperliquid ALTshort | +0.0100% | 1h | 0.007616 | −0.975% | $1.1M | $176K | 3x | |
| Binance ALTUSDT | +0.0100% | 4h | 0.007621 | −0.909% | $2.7M | $3.8M | 50x | as long as short |
| Bybit ALTUSDT | +0.0100% | 4h | 0.007620 | −0.923% | $1.2M | $1.9M | 25x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007637 | −0.702% | $50K | $375K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007619 | −0.936% | $386K | $177K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007635 | −0.728% | $151K | $22K | 30x | as long as short |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007624 | −0.871% | $613K | $123K | 50x | as long as short |
Deribit ALT_USDC-PERPETUAL
Kraken Futures PF_ALTUSD
Binance ALTUSDT
Bybit ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTM
Bitget ALTUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ALT-USDT | +0.0100% | 4h | 0.007625 | −0.858% | — | $1.3M | — | as long as short |
| Variational Omni ALT | +0.0100% | 4h | 0.007640 | −0.661% | $4K | $16K | — | as long as short |
| BloFin ALT-USDT | +0.0158% | 4h | 0.007628 | −0.819% | $174K | $11K | 50x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0488% | 1h | 0.007691 | 0.000% | $14K | $3K | 50x | as long as short |
BingX ALT-USDT
Variational Omni ALT
BloFin ALT-USDT
Coinbase International ALT-PERP-INTX