Funding you earn now, next payment 06:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h −0.078%
Price spread now: BloFin against Hyperliquid+0.070%7-day average −0.139% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$440.441% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.070%, 7d avg −0.139%
=Together, before fees+0.017%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.210% dearer against Hyperliquid than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.139%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid INJ | 7.5447 | 0.0100 | pay 0.0013% / 1h | 34m 59s | $25.4M | $8.7M | 5x |
| Short | BloFin INJ-USDT | 7.5500 | 0.0220 | get 0.0220% / 8h | 2h 34m | $1.6M | $5.6M | 75x |
Hyperliquid INJ
BloFin INJ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $25.2
- Price spread: +0.070% → −0.139%
- $20.96
- Slippage, 4 orders
- −$23.09
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $2.07
- Costs to cover
- 0.441%
- Break-even
- 6.4 days
Slippage from Hyperliquid: live order book, 8 min ago; BloFin: live order book, 4 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, 8 min ago | 0.40 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 2.00 bp | 15.1 bp −$15 | 32.6 bp −$326 | 162.1 bp −$16.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INJUSD | −0.0214% | 1h | 7.5502 | +0.072% | $769K | $3.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.5456 | +0.012% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5448 | +0.001% | $78K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0027% | 1h | 7.5473 | +0.034% | $16K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.5455 | +0.011% | $68K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.5480 | +0.044% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJlong | +0.0100% | 1h | 7.5447 | long leg | $25.4M | $8.7M | 5x | |
| Aster INJUSDT | +0.0100% | 8h | 7.5353 | −0.125% | $138K | $418K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.5323 | −0.164% | $32.8M | $97.2M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.5214 | −0.309% | $20.8M | $31.5M | 50x | as long as short |
Kraken Futures PF_INJUSD
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDT
Bybit 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 | 7.5220 | −0.301% | $6.1M | $18.6M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.5340 | −0.142% | $2.6M | $5.2M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.5340 | −0.142% | $8.5M | $18.2M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.5270 | −0.235% | $13.8M | $10.3M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5223 | −0.296% | $268K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.5260 | −0.248% | $45K | $270K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.5362 | −0.113% | $112K | $562K | 10x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0214% | 1h | 7.5502 | +0.073% | $6K | $24K | 25x | as long as short |
| BloFin INJ-USDTshort | +0.0220% | 8h | 7.5500 | +0.070% | $1.6M | $5.6M | 75x | |
| BingX INJ-USDT | +0.0248% | 8h | 7.5360 | −0.115% | — | $20.7M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.5310 | −0.182% | $29.8M | $20.1M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0267% / S −0.0198% | 1h | 7.5455 | +0.011% | $29K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0480% | 1h | 7.5590 | +0.190% | $371K | $635K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1029% | 1h | 7.5700 | +0.335% | $316K | $12.1M | 30x | as long as short |
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
Deribit INJ_USDC-PERPETUAL
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP