Funding you earn now, next payment 22:00 UTC−0.4900%/8h= −536.5% APRnext payment −$6.13 per $10,000 · paid last 24h −1.346%
Price spread now: Hyperliquid against Injective−6.321%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
Both sides work against this trade now: funding costs −$147 a day on $10k at the current rate, and Hyperliquid is 6.321% cheaper against Injective than usual: you would sell low and buy high (−$632 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective CASHCAT/USDC PERP | 0.1824 | 0.5000 | pay 0.0625% / 1h | 3m 03s | $12K | $9K | 5.5x |
| Short | Hyperliquid CASHCAT | 0.1709 | 0.0100 | get 0.0013% / 1h | 3m 03s | $48.4M | $18.9M | 3x |
Injective CASHCAT/USDC PERP
Hyperliquid CASHCATFunding 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
- −$1,029
- Price spread: −6.321% → 0.000%
- −$632.13
- 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
- −$1,670.15
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 10 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, 10 min ago | 0.29 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.
CASHCAT on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter CASHCAT | +0.0096% | 1h | 0.1708 | −6.360% | $1.2M | $2.0M | 3x | as long as short |
| Lighter RH CASHCAT | +0.0096% | 1h | 0.1710 | −6.250% | $331K | $808K | 3x | as long as short |
| Hyperliquid CASHCATshort | +0.0100% | 1h | 0.1709 | −6.321% | $48.4M | $18.9M | 3x | |
| Bybit CASHCATUSDT | +0.0100% | 4h | 0.1711 | −6.223% | $12.8M | $18.6M | 10x | as long as short |
| OKX CASHCAT-USDT-SWAP | +0.0100% | 4h | 0.1709 | −6.305% | $1.0M | $10.7M | 20x | as long as short |
| Arcus CASHCAT-USD | +0.0100% | 1h | 0.1711 | −6.221% | $100K | $183K | 5x | as long as short |
| Gate CASHCAT_USDT | +0.0100% | 4h | 0.1709 | −6.321% | $1.4M | $2.1M | 20x | as long as short |
| MEXC CASHCAT_USDT | +0.0100% | 4h | 0.1710 | −6.239% | $8.5M | $494K | 20x | as long as short |
| KuCoin CASHCATUSDTM | +0.0100% | 4h | 0.1710 | −6.272% | $579K | $2.4M | 10x | as long as short |
| BingX CASHCAT-USDT | +0.0100% | 4h | 0.1708 | −6.360% | — | $1.0M | — | as long as short |
Lighter CASHCAT
Lighter RH CASHCAT
Bybit CASHCATUSDT
OKX CASHCAT-USDT-SWAP
Arcus CASHCAT-USD
Gate CASHCAT_USDT
MEXC CASHCAT_USDT
KuCoin CASHCATUSDTM
BingX CASHCAT-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CASHCAT | +0.0100% | 4h | 0.1714 | −6.057% | $1.4M | $1.7M | — | as long as short |
| ApeX Omni CASHCATUSDT | +0.0100% | 1h | 0.1712 | −6.118% | $77K | $72K | 50x | as long as short |
| SunX CASHCAT-USDT | +0.0100% | 1h | 0.1709 | −6.320% | — | $2.6M | 10x | as long as short |
| SoDEX CASHCAT-USD | +0.0100% | 1h | 0.1708 | −6.371% | $512 | $1K | 3x | as long as short |
| HTX CASHCAT-USDT | +0.0100% | 1h | 0.1712 | −6.160% | $18K | $412K | 10x | as long as short |
| edgeX CASHCATUSDC | +0.0158% | 4h | 0.1715 | −5.969% | $51K | $171K | 5x | as long as short |
| Polymarket Perps CASHCAT-USD | +0.0249% | 1h | 0.1710 | −6.245% | $67K | $1.3M | 3x | as long as short |
| BloFin CASHCAT-USDT | +0.0340% | 4h | 0.1714 | −6.031% | $50K | $497K | 20x | as long as short |
| Extended CASHCAT-USD | +0.0480% | 1h | 0.1709 | −6.328% | $94K | $477K | 5x | as long as short |
| Nado CASHCAT-PERP | +0.0536% | 1h | 0.1708 | −6.343% | $241K | $158K | 5x | as long as short |
| Aster CASHCATUSDT | +0.0720% | 1h | 0.1711 | −6.220% | $560K | $1.2M | 10x | as long as short |
| Injective CASHCAT/USDC PERPlong | +0.5000% | 1h | 0.1824 | long leg | $12K | $9K | 5.5x |
Variational Omni CASHCAT
ApeX Omni CASHCATUSDT
SunX CASHCAT-USDT
SoDEX CASHCAT-USD
HTX CASHCAT-USDT
edgeX CASHCATUSDC
Polymarket Perps CASHCAT-USD
BloFin CASHCAT-USDT
Extended CASHCAT-USD
Nado CASHCAT-PERP
Aster CASHCATUSDT