Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.629%
Price spread now: Injective against Hyperliquid−1.000%7-day average −0.211% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.901%−$90 on $10k
+Price spread, last 3 days (all we have)+0.428%+$43 · spread now −1.000%, 7d avg −0.211%
=Together, before fees−0.474%+ Points / potential airdropHyperliquid: Season 2 · farm board−$47 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 0.788% cheaper against Hyperliquid than usual: you would sell low and buy high (−$79 if the spread goes back to its 7-day average of −0.211%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid HBAR | 0.09361 | 0.0100 | pay 0.0013% / 1h | 56m 49s | $8.9M | $2.9M | 5x |
| Short | Injective HBAR/USDC PERP | 0.09267 | 0.0033 | get 0.0004% / 1h | 56m 49s | $1K | $106K | 12x |
Hyperliquid HBAR
Injective HBAR/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: −1.000% → −0.211%
- −$78.85
- 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
- −$101.87
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; Injective: live order book, 12 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 Hyperliquid live order book, 5 min ago | 0.70 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 12 min ago | 38.14 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
HBAR on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex HBARUSDT | −0.0588% | 8h | 0.09346 | −0.156% | $2.2M | $2.2M | 50x | as long as short |
| KuCoin HBARUSDTM | −0.0070% | 8h | 0.09354 | −0.071% | $7.4M | $7.9M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09345 | −0.170% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09359 | −0.013% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERPshort | +0.0033% | 1h | 0.09267 | −1.000% | $1K | $106K | 12x | |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09356 | −0.049% | $224K | $2.3M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09358 | −0.027% | $1.4M | $2.3M | 50x | as long as short |
| Variational Omni HBAR | +0.0075% | 8h | 0.09336 | −0.260% | $1.0M | $202K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0079% | 8h | 0.09348 | −0.135% | $2K | $17K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0086% | 8h | 0.09348 | −0.135% | $26.0M | $22.1M | 200x | as long as short |
Phemex HBARUSDT
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
Variational Omni HBAR
Orderly PERP_HBAR_USDC
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0086% | 8h | 0.09346 | −0.157% | $35.2M | $109.9M | 75x | as long as short |
| Extended HBAR-USD | +0.0088% | 1h | 0.09350 | −0.113% | $52K | $213K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09351 | −0.103% | $573K | $547K | 5x | as long as short |
| Hyperliquid HBARlong | +0.0100% | 1h | 0.09361 | long leg | $8.9M | $2.9M | 5x | |
| Aster HBARUSDT | +0.0100% | 8h | 0.09358 | −0.025% | $213K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09345 | −0.167% | $33.2M | $36.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09340 | −0.220% | $6.9M | $25.4M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09350 | −0.113% | $2.4M | $3.3M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09341 | −0.209% | $17.4M | $14.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09347 | −0.145% | — | $5.9M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09359 | −0.017% | $37K | $103K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09337 | −0.252% | $383K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09335 | −0.273% | $149K | $710K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09349 | −0.124% | $434 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09350 | −0.113% | $74K | $59K | 20x | as long as short |
| BloFin HBAR-USDT | +0.0206% | 8h | 0.09346 | −0.156% | $1.5M | $5.9M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0491% / S −0.0555% | 1h | 0.09356 | −0.049% | $117K | — | 100x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0498% | 1h | 0.09362 | +0.015% | $515K | $166K | 50x | as long as short |
Binance HBARUSDT
Extended HBAR-USD
Lighter HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Deribit HBAR_USDC-PERPETUAL