Funding you earn now, next payment 22:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.030%
Price spread now: Hyperliquid against Injective+0.100%53s7-day average −0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as 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−$1000.999% of the position
Funding, last 7 days−0.439%−$44 on $10k
+Price spread, last 3 days (all we have)−0.249%−$25 · spread now +0.100%, 7d avg −0.110%
=Together, before fees−0.688%+ Points / potential airdropHyperliquid: Season 2 · farm board−$69 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.210% dearer against Injective than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of −0.110%): +$21 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 22 days. At the pace of the last 7 days (−0.439% in total) that is about 3.3 days. 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 | Injective ATOM/USDC PERP | 1.8050 | 0.0132 | pay 0.0016% / 1h | 44m 13s | $658 | $117K | 12x |
| Short | Hyperliquid ATOM | 1.8068 | 0.0100 | get 0.0013% / 1h | 44m 13s | $2.8M | $982K | 5x |
Injective ATOM/USDC PERP
Hyperliquid ATOMFunding 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
- −$6.69
- Price spread: +0.100% → −0.110%
- $20.99
- Slippage, 4 orders
- −$90.92
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$85.64
- Costs to cover
- 0.999%
- Break-even
- never at this rate
Slippage from Injective: live order book, 30 min ago; Hyperliquid: live order book, 7 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 Injective live order book, 30 min ago | 36.12 bp | 36.1 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 1.39 bp | 13.0 bp −$13 | 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 | −0.0248% | 1h | 1.8077 | +0.150% | $497 | $10K | 25x | as long as short |
| Bybit ATOMUSDT | −0.0085% | 8h | 1.8058 | +0.044% | $15.2M | $10.4M | 75x | as long as short |
| Variational Omni ATOM | −0.0066% | 8h | 1.8025 | −0.138% | $576K | $18K | — | as long as short |
| OKX ATOM-USDT-SWAP | −0.0023% | 8h | 1.8050 | 0.000% | $5.2M | $5.0M | 50x | as long as short |
| Coinbase International ATOM-PERP-INTX | −0.0008% | 1h | 1.8020 | −0.166% | $25K | $11K | 25x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8080 | +0.166% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8078 | +0.155% | $9K | — | 150x | as long as short |
| Bitget ATOMUSDT | +0.0066% | 8h | 1.8060 | +0.055% | $6.6M | $2.6M | 75x | as long as short |
| Hyperliquid ATOMshort | +0.0100% | 1h | 1.8068 | +0.100% | $2.8M | $982K | 5x | |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8062 | +0.068% | $983K | $238K | 20x | as long as short |
Deribit ATOM_USDC-PERPETUAL
Bybit ATOMUSDT
Variational Omni ATOM
OKX ATOM-USDT-SWAP
Coinbase International ATOM-PERP-INTX
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Bitget ATOMUSDT
Aster ATOMUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ATOMUSDT | +0.0100% | 8h | 1.8080 | +0.166% | $21.6M | $30.1M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8070 | +0.111% | $2.5M | $828K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8070 | +0.111% | $9.0M | $2.9M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8060 | +0.055% | $1.6M | $800K | 50x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8050 | 0.000% | — | $25.0M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8043 | −0.039% | $444K | $296K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8040 | −0.055% | $773K | $3.0M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8048 | −0.011% | $307K | $183K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8080 | +0.166% | $1.6M | $1.8M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8075 | +0.140% | $6K | $184K | 10x | as long as short |
| BloFin ATOM-USDT | +0.0117% | 8h | 1.8050 | 0.000% | $1.1M | $324K | 75x | as long as short |
| Injective ATOM/USDC PERPlong | +0.0132% | 1h | 1.8050 | long leg | $658 | $117K | 12x | |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8081 | +0.170% | $3K | — | 120x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0203% | 1h | 1.8084 | +0.190% | $3.1M | $672K | 50x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8055 | +0.029% | $2K | — | 25x | as long as short |
Binance ATOMUSDT
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Phemex ATOMUSDT
Extended ATOM-USD
BloFin ATOM-USDT
GMX ATOM/USD [ETH-USDC]
Kraken Futures PF_ATOMUSD
Reya ATOMRUSDPERP