Funding you earn now, next payment 01:00 UTC−0.0444%/8h= −48.6% APRnext payment −$0.55 per $10,000 · paid last 24h −0.124%
Price spread now: ApeX Omni against Hyperliquid−0.053%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$450.448% of the position
Funding, last 7 days−0.178%−$18 on $10k
+Price spread, last 3 days (all we have)+0.030%+$3 · spread now −0.053%, 7d avg −0.052%
=Together, before fees−0.148%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.052%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.178% in total (about -9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.55 per $10,000. 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 | Hyperliquid INJ | 7.8532 | 0.0544 | pay 0.0068% / 1h | 33m 36s | $26.5M | $9.1M | 5x |
| Short | ApeX Omni INJUSDT | 7.8490 | 0.0100 | get 0.0013% / 1h | 33m 36s | $48K | $320K | 50x |
Hyperliquid INJ
ApeX Omni INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- −$93.22
- Price spread: −0.053% → −0.052%
- −$0.19
- Slippage, 4 orders
- −$25.78
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$138.2
- Costs to cover
- 0.448%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; ApeX Omni: live order book, 39 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 Hyperliquid live order book, 10 min ago | 0.76 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 39 min ago | 7.65 bp | 14.0 bp −$14 | 111.6 bp −$1,116 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.8406 | −0.161% | — | — | 20x | as long as short |
| Deribit INJ_USDC-PERPETUAL | −0.0081% | 1h | 7.8458 | −0.094% | $6K | $24K | 25x | as long as short |
| Bybit INJUSDT | −0.0058% | 8h | 7.8410 | −0.155% | $22.0M | $31.4M | 50x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8452 | −0.101% | $91K | $8K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8426 | −0.135% | $3K | — | 150x | as long as short |
| Variational Omni INJ | +0.0080% | 8h | 7.8473 | −0.075% | $279K | $160K | — | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8430 | −0.130% | $71K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8440 | −0.117% | $38K | $66K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8480 | −0.066% | $150K | $443K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8448 | −0.106% | $35.7M | $93.5M | 75x | as long as short |
Reya INJRUSDPERP
Deribit INJ_USDC-PERPETUAL
Bybit INJUSDT
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Variational Omni INJ
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 | 7.8400 | −0.168% | $6.4M | $19.7M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.8430 | −0.130% | $2.8M | $4.9M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8440 | −0.117% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8430 | −0.130% | $14.5M | $10.3M | 75x | as long as short |
| ApeX Omni INJUSDTshort | +0.0100% | 1h | 7.8490 | −0.053% | $48K | $320K | 50x | |
| Extended INJ-USD | +0.0104% | 1h | 7.8442 | −0.114% | $118K | $693K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0194% | 1h | 7.8481 | −0.065% | $887K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8390 | −0.181% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8420 | −0.143% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8460 | −0.092% | $31.9M | $22.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0356% / S −0.0418% | 1h | 7.8442 | −0.114% | $47K | — | 100x | as long as short |
| Hyperliquid INJlong | +0.0544% | 1h | 7.8532 | long leg | $26.5M | $9.1M | 5x | |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.8820 | +0.367% | $386K | $658K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1436% | 1h | 7.8830 | +0.379% | $329K | $12.1M | 30x | as long as short |
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Extended INJ-USD
Kraken Futures PF_INJUSD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP