Funding you earn now, next payment 23:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.05 per $10,000 · paid last 24h +0.027%
Price spread now: Injective against Hyperliquid−0.227%113s7-day average +0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1051.049% of the position
Funding, last 7 days+0.436%+$44 on $10k
+Price spread, last 3 days (all we have)+0.376%+$38 · spread now −0.227%, 7d avg +0.110%
=Together, before fees+0.812%+ Points / potential airdropHyperliquid: Season 2 · farm board+$81 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.337% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.227% now, against its 7-day average of +0.110%). If the spread goes back, that is −$34 on $10k: about 26 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.436% in total) that is about 5.4 days. The two prices were read 113 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 ATOM | 1.8081 | 0.0100 | pay 0.0013% / 1h | 53m 25s | $2.8M | $901K | 5x |
| Short | Injective ATOM/USDC PERP | 1.8040 | 0.0143 | get 0.0018% / 1h | 53m 25s | $658 | $233K | 12x |
Hyperliquid ATOM
Injective ATOM/USDC PERPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $9
- Price spread: −0.227% → +0.110%
- −$33.7
- Slippage, 4 orders
- −$95.9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$129.62
- Costs to cover
- 1.049%
- Break-even
- 107.8 days
Slippage from Hyperliquid: live order book, 8 min ago; Injective: live order book, 16 min ago.
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, 8 min ago | 1.39 bp | 17.4 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 16 min ago | 36.00 bp | 36.0 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
ATOM on 25 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 ATOM_USDC-PERPETUAL | −0.0523% | 1h | 1.8101 | +0.111% | $498 | $10K | 25x | as long as short |
| OKX ATOM-USDT-SWAP | −0.0065% | 8h | 1.8070 | −0.061% | $5.2M | $5.1M | 50x | as long as short |
| Variational Omni ATOM | −0.0016% | 8h | 1.8063 | −0.097% | $577K | $18K | — | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8118 | +0.206% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8110 | +0.161% | $9K | — | 150x | as long as short |
| Bybit ATOMUSDT | +0.0002% | 8h | 1.8076 | −0.028% | $15.2M | $10.4M | 75x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0032% | 1h | 1.8190 | +0.603% | $26K | $12K | 25x | as long as short |
| BloFin ATOM-USDT | +0.0071% | 8h | 1.8100 | +0.105% | $1.1M | $325K | 75x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0100% | 1h | 1.8118 | +0.204% | $3.1M | $665K | 50x | as long as short |
| Hyperliquid ATOMlong | +0.0100% | 1h | 1.8081 | long leg | $2.8M | $901K | 5x |
Deribit ATOM_USDC-PERPETUAL
OKX ATOM-USDT-SWAP
Variational Omni ATOM
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Bybit ATOMUSDT
Coinbase International ATOM-PERP-INTX
BloFin ATOM-USDT
Kraken Futures PF_ATOMUSDShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ATOMUSDT | +0.0100% | 8h | 1.8105 | +0.131% | $985K | $235K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8080 | −0.006% | $21.6M | $30.4M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8090 | +0.050% | $2.5M | $828K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8080 | −0.006% | $9.1M | $2.8M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8110 | +0.160% | $1.6M | $824K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8069 | −0.066% | $6.8M | $2.7M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8100 | +0.105% | — | $24.6M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8092 | +0.062% | $445K | $293K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8080 | −0.006% | $771K | $3.0M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8104 | +0.127% | $309K | $178K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8100 | +0.105% | $1.6M | $1.9M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8079 | −0.014% | $6K | $184K | 10x | as long as short |
| Injective ATOM/USDC PERPshort | +0.0143% | 1h | 1.8040 | −0.227% | $658 | $233K | 12x | |
| GMX ATOM/USD [ETH-USDC] | L +0.0201% / S −0.1956% | 1h | 1.8109 | +0.155% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8065 | −0.086% | $2K | — | 25x | as long as short |
Aster ATOMUSDT
Binance ATOMUSDT
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Phemex ATOMUSDT
Extended ATOM-USD
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP