Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h +0.018%
Price spread now: Injective against Hyperliquid−0.428%53s7-day average +1.680% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.212%−$21 on $10k
+Price spread, last 4 days (all we have)−2.322%−$232 · spread now −0.428%, 7d avg +1.680%
=Together, before fees−2.534%+ Points / potential airdropHyperliquid: Season 2 · farm board−$253 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 2.108% cheaper against Hyperliquid than usual: you would sell low and buy high (−$211 if the spread goes back to its 7-day average of +1.680%). Swap the legs. 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 | Hyperliquid FIL | 0.9897 | 0.0100 | pay 0.0013% / 1h | 52m 17s | $8.3M | $9.4M | 5x |
| Short | Injective FIL/USDC PERP | 0.9855 | 0.0033 | get 0.0004% / 1h | 52m 17s | $2K | $240K | 12x |
Hyperliquid FIL
Injective FIL/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: −0.428% → +1.680%
- −$210.82
- 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
- −$233.84
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 10 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, 10 min ago | 1.01 bp | 6.5 bp −$7 | 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.
FIL on 29 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 FIL_USDC-PERPETUAL | −0.0558% | 1h | 0.9892 | −0.055% | $170K | $23K | 25x | as long as short |
| Bybit FILUSDT | −0.0159% | 8h | 0.9890 | −0.075% | $15.3M | $20.3M | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0056% | 1h | 0.9900 | +0.026% | $354K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9901 | +0.036% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9892 | −0.056% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERPshort | +0.0033% | 1h | 0.9855 | −0.428% | $2K | $240K | 12x | |
| KuCoin FILUSDTM | +0.0079% | 8h | 0.9894 | −0.034% | $7.1M | $7.8M | 50x | as long as short |
| Gate FIL_USDT | +0.0080% | 8h | 0.9895 | −0.024% | $8.3M | $16.1M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9883 | −0.142% | $144K | $345K | 5x | as long as short |
| Kraken Futures PF_FILUSD | +0.0098% | 1h | 0.9894 | −0.035% | $1.4M | $2.1M | 50x | as long as short |
Deribit FIL_USDC-PERPETUAL
Bybit FILUSDT
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
KuCoin FILUSDTM
Gate FIL_USDT
Lighter FIL
Kraken Futures PF_FILUSDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid FILlong | +0.0100% | 1h | 0.9897 | long leg | $8.3M | $9.4M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9890 | −0.075% | $504K | $552K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9891 | −0.065% | $56.0M | $183.7M | 75x | as long as short |
| OKX FIL-USDT-SWAP | +0.0100% | 8h | 0.9889 | −0.085% | $17.6M | $107.0M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9893 | −0.044% | $229K | $98K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9884 | −0.135% | $11.2M | $19.6M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9890 | −0.075% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9902 | +0.045% | $441K | $279K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9881 | −0.163% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9886 | −0.119% | $293K | $1.5M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9890 | −0.075% | $27K | $181K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9901 | +0.034% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9890 | −0.075% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9884 | −0.135% | $474 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9900 | +0.026% | $617K | $5.5M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9890 | −0.075% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9887 | −0.100% | $697K | $4.2M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9903 | +0.057% | $2.7M | $657K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0600% / S −0.0280% | 1h | 0.9901 | +0.034% | $265K | — | 100x | as long as short |
Aster FILUSDT
Binance FILUSDT
OKX FIL-USDT-SWAP
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDC
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
Extended FIL-USD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]