Funding you earn now, next payment 10:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.073%
Price spread now: Hyperliquid against BloFin+0.250%47s7-day average +0.136% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$500.496% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.264%−$26 · spread now +0.250%, 7d avg +0.136%
=Together, before fees−0.260%+ Points / potential airdropHyperliquid: Season 2 · farm board−$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.114% dearer against BloFin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.136%. The two prices were read 47 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 | BloFin INJ-USDT | 7.6920 | 0.0220 | pay 0.0220% / 8h | 6h 18m | $1.6M | $5.3M | 75x |
| Short | Hyperliquid INJ | 7.7112 | 0.0320 | get 0.0040% / 1h | 18m 28s | $25.9M | $8.1M | 5x |
BloFin INJ-USDT
Hyperliquid INJFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BloFin. 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
- $20.95
- Price spread: +0.250% → +0.136%
- $11.36
- Slippage, 4 orders
- −$28.59
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$17.29
- Costs to cover
- 0.496%
- Break-even
- 12.8 days
Slippage from BloFin: live order book, 3 min ago; Hyperliquid: live order book, 8 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 BloFin live order book, 3 min ago | 1.30 bp | 13.2 bp −$13 | 30.0 bp −$300 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.82 bp | 11.4 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
INJ on 24 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.6956 | +0.047% | — | — | 20x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0023% | 1h | 7.6858 | −0.080% | $18K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0029% | 1h | 7.7007 | +0.113% | $79K | $14K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6874 | −0.060% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6870 | −0.065% | $34K | $72K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7035 | +0.149% | $148K | $329K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7040 | +0.156% | $34.1M | $99.5M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.6994 | +0.096% | $21.1M | $30.9M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.6990 | +0.091% | $5.9M | $20.9M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.6990 | +0.091% | $2.7M | $5.8M | 50x | as long as short |
Reya INJRUSDPERP
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7020 | +0.130% | $8.5M | $18.1M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6990 | +0.091% | $14.2M | $11.6M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6859 | −0.079% | $273K | $127K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.6980 | +0.078% | $46K | $265K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6980 | +0.078% | $114K | $644K | 10x | as long as short |
| BloFin INJ-USDTlong | +0.0220% | 8h | 7.6920 | long leg | $1.6M | $5.3M | 75x | |
| BingX INJ-USDT | +0.0248% | 8h | 7.7000 | +0.104% | — | $21.7M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.7040 | +0.156% | $30.9M | $21.5M | 300x | as long as short |
| Hyperliquid INJshort | +0.0320% | 1h | 7.7112 | +0.250% | $25.9M | $8.1M | 5x | |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0324% / S −0.0344% | 1h | 7.6864 | −0.073% | $40K | — | 100x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0479% | 1h | 7.6916 | −0.005% | $5K | $11K | 25x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0736% | 1h | 7.7070 | +0.195% | $383K | $666K | 50x | as long as short |
| Kraken Futures PF_INJUSD | +0.1277% | 1h | 7.6988 | +0.088% | $895K | $3.6M | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1415% | 1h | 7.7200 | +0.364% | $549K | $14.8M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Deribit INJ_USDC-PERPETUAL
Coinbase International INJ-PERP-INTX
Kraken Futures PF_INJUSD
Injective INJ/USDC PERP