Funding you earn now, next payment 05:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h −0.076%
Price spread now: BingX against Hyperliquid−0.130%7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$340.338% of the position
Funding, last 7 days+0.005%+$1 on $10k
+Price spread, last 7 days+0.100%+$10 · spread now −0.130%, 7d avg −0.082%
=Together, before fees+0.105%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.048% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.130% now, against its 7-day average of −0.082%). If the spread goes back, that is −$5 on $10k: about 26 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.005% in total) that is about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid INJ | 7.5558 | 0.0100 | pay 0.0013% / 1h | 1m 40s | $25.4M | $8.7M | 5x |
| Short | BingX INJ-USDT | 7.5460 | 0.0248 | get 0.0248% / 8h | 3h 01m | — | $20.9M | — |
Hyperliquid INJ
BingX INJ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $31.08
- Price spread: −0.130% → −0.082%
- −$4.78
- Slippage, 4 orders
- −$14.79
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$7.49
- Costs to cover
- 0.338%
- Break-even
- 8.7 days
Slippage from Hyperliquid: live order book, 11 min ago; BingX: live order book, 7 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, 11 min ago | 0.92 bp | 7.6 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 0.66 bp | 12.2 bp −$12 | 15.0 bp −$150 | 36.2 bp −$3,619 | 92.4 bp −$46.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INJUSD | −0.0235% | 1h | 7.5485 | −0.096% | $767K | $3.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.5460 | −0.129% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5450 | −0.143% | $78K | $17K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.5503 | −0.073% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0027% | 1h | 7.5503 | −0.072% | $16K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.5485 | −0.097% | $68K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.5490 | −0.090% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJlong | +0.0100% | 1h | 7.5558 | long leg | $25.4M | $8.7M | 5x | |
| Aster INJUSDT | +0.0100% | 8h | 7.5542 | −0.021% | $138K | $419K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.5549 | −0.012% | $33.0M | $96.6M | 75x | as long as short |
Kraken Futures PF_INJUSD
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | +0.0100% | 8h | 7.5520 | −0.050% | $20.9M | $31.8M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.5540 | −0.024% | $6.2M | $18.5M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.5440 | −0.156% | $2.6M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.5480 | −0.103% | $9.4M | $17.8M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.5410 | −0.196% | $13.8M | $10.2M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5702 | +0.190% | $266K | $144K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.5700 | +0.188% | $45K | $271K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.5465 | −0.123% | $112K | $524K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.5640 | +0.109% | $1.6M | $5.7M | 75x | as long as short |
| BingX INJ-USDTshort | +0.0248% | 8h | 7.5460 | −0.130% | — | $20.9M | — | |
| MEXC INJ_USDT | +0.0261% | 8h | 7.5560 | +0.003% | $29.7M | $21.5M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0267% / S −0.0198% | 1h | 7.5493 | −0.086% | $29K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0552% | 1h | 7.5750 | +0.254% | $366K | $617K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1172% | 1h | 7.5920 | +0.479% | $317K | $12.1M | 30x | as long as short |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP