Funding you earn now, next payment 22:00 UTC+0.0005%/8h= +0.6% APRnext payment +$0.01 per $10,000 · paid last 24h −0.017%
Price spread now: Hyperliquid against Injective+0.934%7-day average −2.008% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.197%+$20 on $10k
+Price spread, last 3 days (all we have)+0.575%+$57 · spread now +0.934%, 7d avg −2.008%
=Together, before fees+0.772%+ Points / potential airdropHyperliquid: Season 2 · farm board+$77 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 2.942% dearer against Injective than usual: you sell high and buy low, +$294 on $10k if it goes back to its 7-day average of −2.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective FIL/USDC PERP | 0.9751 | 0.0033 | pay 0.0004% / 1h | 21m 24s | $2K | $148K | 12x |
| Short | Hyperliquid FIL | 0.9842 | 0.0039 | get 0.0005% / 1h | 21m 24s | $8.6M | $9.5M | 5x |
Injective FIL/USDC PERP
Hyperliquid FILFunding 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
- $1.09
- Price spread: +0.934% → −2.008%
- $294.19
- 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
- $286.27
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 11 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, 11 min ago | 0.82 bp | 8.8 bp −$9 | 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.
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 | −0.1169% | 1h | 0.9850 | +1.015% | $169K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0622% | 1h | 0.9846 | +0.975% | $1.4M | $2.2M | 50x | as long as short |
| Lighter FIL | −0.0360% | 1h | 0.9842 | +0.935% | $157K | $337K | 5x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9853 | +1.046% | $316K | $1.9M | 50x | as long as short |
| Bybit FILUSDT | −0.0050% | 8h | 0.9841 | +0.923% | $15.5M | $17.9M | 25x | as long as short |
| Bitget FILUSDT | −0.0036% | 8h | 0.9834 | +0.851% | $10.8M | $21.7M | 75x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9848 | +0.994% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9857 | +1.088% | $57K | $2K | 10x | as long as short |
| Variational Omni FIL | +0.0009% | 8h | 0.9855 | +1.063% | $437K | $277K | — | as long as short |
| OKX FIL-USDT-SWAP | +0.0015% | 8h | 0.9840 | +0.913% | $18.1M | $96.4M | 50x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Lighter FIL
Coinbase International FIL-PERP-INTX
Bybit FILUSDT
Bitget FILUSDT
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Variational Omni FIL
OKX FIL-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FILUSDTM | +0.0033% | 8h | 0.9844 | +0.954% | $7.3M | $7.1M | 50x | as long as short |
| Injective FIL/USDC PERPlong | +0.0033% | 1h | 0.9751 | long leg | $2K | $148K | 12x | |
| Hyperliquid FILshort | +0.0039% | 1h | 0.9842 | +0.934% | $8.6M | $9.5M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9852 | +1.033% | $487K | $514K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9840 | +0.913% | $56.4M | $175.5M | 75x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9842 | +0.933% | $7.8M | $16.3M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9841 | +0.923% | $250K | $105K | 50x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9840 | +0.913% | — | $11.9M | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9851 | +1.028% | $45K | $292K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9849 | +1.008% | $288K | $801K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9850 | +1.015% | $42K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9852 | +1.033% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9840 | +0.913% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9841 | +0.923% | $478 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9853 | +1.046% | $627K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9840 | +0.913% | $1.1M | $2.2M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9840 | +0.911% | $685K | $2.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9852 | +1.036% | $2.6M | $642K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0625% / S −0.0759% | 1h | 0.9849 | +1.008% | $218K | — | 100x | as long as short |
KuCoin FILUSDTM
Aster FILUSDT
Binance FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
BingX FIL-USDT
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]