INJ

Alert

Funding spread now, next payment 15:00 UTC−0.0531%/8h

next payment, per $10,000−$0.66paid, last 24h−0.068%paid, last 7 days+0.120%to open and closeno order book

Long on Hyperliquid Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.120% in total (about 6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.66 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	7.8426	0.0570	pay 0.0071% / 1h	44m 47s	$26.6M	$9.6M	5x
Short	Kraken Futures PF_INJUSD	7.8410	0.0039	get 0.0005% / 1h	44m 47s	$1.0M	$3.1M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee Kraken FuturesbpOrdersRate

Funding earned: −$111.59
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$130.59
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 10 min ago; Kraken Futures: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.020%
Avg gap 7d: −0.047%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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	1.26 bp	9.0 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	10.11 bp	15.3 bp −$15	41.4 bp −$414	268.2 bp −$26.8K	doesn't fit

INJ on 24 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit INJ_USDC-PERPETUAL	−0.0719%	1h	$11K	$22K	25x	as long as short
Bybit INJUSDT	−0.0325%	8h	$21.9M	$33.3M	50x	as long as short
Variational Omni INJ	−0.0311%	8h	$261K	$185K	—	as long as short
OKX INJ-USDT-SWAP	−0.0212%	8h	$6.5M	$26.3M	50x	as long as short
Reya INJRUSDPERP	−0.0200%	1h	—	—	20x	as long as short
Gate INJ_USDT	−0.0197%	8h	$2.8M	$5.8M	50x	as long as short
Extended INJ-USD	−0.0104%	1h	$101K	$451K	10x	as long as short
Binance INJUSDT	−0.0102%	8h	$34.8M	$103.7M	75x	as long as short
Aevo INJ-PERP	−0.0096%	1h	$71K	$13K	3x	as long as short
dYdX INJ-USD	0.0000%	1h	$92K	$13K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	$3K	—	150x	as long as short
BloFin INJ-USDT	+0.0018%	8h	$1.9M	$7.5M	75x	as long as short
Kraken Futures PF_INJUSDshort	+0.0039%	1h	$1.0M	$3.1M	50x
MEXC INJ_USDT	+0.0051%	8h	$31.3M	$23.8M	300x	as long as short
Orderly PERP_INJ_USDC	+0.0066%	8h	$32K	$80K	10x	as long as short
Aster INJUSDT	+0.0100%	8h	$168K	$531K	20x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	$10.0M	$17.3M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	$14.4M	$12.9M	75x	as long as short
BingX INJ-USDT	+0.0100%	8h	—	$24.1M	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	$50K	$316K	50x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0309% / S −0.0291%	1h	$49K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0344%	1h	$340K	$1.4M	50x	as long as short
Hyperliquid INJlong	+0.0570%	1h	$26.6M	$9.6M	5x
Injective INJ/USDC PERP	+0.1092%	1h	$319K	$12.2M	30x	as long as short