Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.048%
Price spread now: Injective against Hyperliquid+0.177%93s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.096%+$110 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
The price spread pays, funding is against you. Injective is 0.177% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.177% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.9 days. Mind the row above: over the last 7 days funding on this pair paid +1.096%, so the current rate has only just turned against you. The two prices were read 93 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 ETHFI | 0.7227 | 0.0100 | pay 0.0013% / 1h | 11m 44s | $18.1M | $8.6M | 5x |
| Short | Injective ETHFI/USDC PERP | 0.7240 | 0.0033 | get 0.0004% / 1h | 11m 44s | $321 | $51K | 5.5x |
Hyperliquid ETHFI
Injective ETHFI/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
- −$14
- Price spread: +0.177% → 0.000%
- $17.71
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$5.31
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 11 min ago; Injective: no order-book sample. 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 Hyperliquid live order book, 11 min ago | 0.97 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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.
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0762% | 4h | 0.7218 | −0.127% | $84K | $159K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0580% | 1h | 0.7220 | −0.100% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0207% | 4h | 0.7221 | −0.086% | $17K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0016% | 4h | 0.7191 | −0.496% | $1.0M | $717K | — | as long as short |
| Paradex ETHFI-USD-PERP | +0.0011% | 8h | 0.7218 | −0.126% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERPshort | +0.0033% | 1h | 0.7240 | +0.177% | $321 | $51K | 5.5x | |
| Extended ETHFI-USD | +0.0080% | 1h | 0.7213 | −0.191% | $101K | $388K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0080% | 4h | 0.7219 | −0.113% | $15.4M | $3.9M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0085% | 4h | 0.7213 | −0.196% | $25.2M | $36.5M | 75x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7228 | +0.017% | $1.1M | $894K | 5x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDT
Lighter ETHFIShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ETHFIlong | +0.0100% | 1h | 0.7227 | long leg | $18.1M | $8.6M | 5x | |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7226 | −0.019% | $185K | $256K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7217 | −0.141% | $18.2M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7221 | −0.086% | $5.0M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7225 | −0.030% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7220 | −0.100% | $1.2M | $264K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7218 | −0.127% | $6.1M | $5.5M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7225 | −0.030% | — | $26.1M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7229 | +0.026% | $71K | $116K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7235 | +0.108% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7217 | −0.135% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0168% | 1h | 0.7245 | +0.246% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0218% | 1h | 0.7235 | +0.107% | $275K | $166K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0321% | 4h | 0.7226 | −0.017% | $1.3M | $274K | 75x | as long as short |
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT