Funding you earn now, next payment 01:00 UTC+0.0349%/8h= +38.2% APRpaid last 24h +0.071%
Price spread now: Hyperliquid against BingX+0.167%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$300.305% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 7 days−0.123%−$12 · spread now +0.167%, 7d avg +0.080%
=Together, before fees−0.105%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Hyperliquid is 0.087% dearer against BingX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.080%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX INJ-USDT | 7.8440 | 0.0271 | pay 0.0271% / 8h | 7h 57m | — | $21.5M | — |
| Short | Hyperliquid INJ | 7.8571 | 0.0620 | get 0.0077% / 1h | 57m 18s | $26.6M | $9.3M | 5x |
BingX INJ-USDT
Hyperliquid INJFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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
- $73.22
- Price spread: +0.167% → +0.080%
- $8.72
- Slippage, 4 orders
- −$11.46
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $51.49
- Costs to cover
- 0.305%
- Break-even
- 2.1 days
Slippage from BingX: live order book, 1 min ago; Hyperliquid: live order book, 6 min ago.
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 BingX live order book, 1 min ago | 0.64 bp | 5.6 bp −$6 | 7.7 bp −$77 | 16.3 bp −$1,635 | 77.4 bp −$38.7K |
| Sell Hyperliquid live order book, 6 min ago | 0.70 bp | 8.6 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
INJ 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit INJ_USDC-PERPETUAL | −0.0514% | 1h | 7.8434 | −0.008% | $6K | $24K | 25x | as long as short |
| Bybit INJUSDT | −0.0459% | 8h | 7.8393 | −0.060% | $22.0M | $32.0M | 50x | as long as short |
| Gate INJ_USDT | −0.0232% | 8h | 7.8410 | −0.038% | $2.8M | $4.9M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.8412 | −0.036% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8448 | +0.010% | $91K | $8K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8467 | +0.034% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8469 | +0.037% | $71K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8470 | +0.038% | $38K | $66K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8480 | +0.051% | $150K | $443K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8480 | +0.051% | $35.7M | $94.9M | 75x | as long as short |
Deribit INJ_USDC-PERPETUAL
Bybit INJUSDT
Gate INJ_USDT
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8430 | −0.013% | $6.4M | $20.1M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8460 | +0.025% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8450 | +0.013% | $14.5M | $10.5M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8439 | −0.001% | $280K | $160K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8540 | +0.127% | $48K | $349K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8384 | −0.071% | $119K | $460K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0194% | 1h | 7.8483 | +0.054% | $890K | $3.1M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8520 | +0.102% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDTlong | +0.0271% | 8h | 7.8440 | long leg | — | $21.5M | — | |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8460 | +0.025% | $31.7M | $22.5M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0355% / S −0.0418% | 1h | 7.8482 | +0.053% | $47K | — | 100x | as long as short |
| Hyperliquid INJshort | +0.0620% | 1h | 7.8571 | +0.167% | $26.6M | $9.3M | 5x | |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.8770 | +0.421% | $385K | $667K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1436% | 1h | 7.8800 | +0.459% | $329K | $12.1M | 30x | as long as short |
OKX INJ-USDT-SWAP
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
Kraken Futures PF_INJUSD
BloFin INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP