Funding you earn now, next payment 01:00 UTC−0.0441%/8h= −48.3% APRpaid last 24h −0.137%
Price spread now: OKX against Hyperliquid−0.167%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$400.396% of the position
Funding, last 7 days−0.214%−$21 on $10k
+Price spread, last 7 days+0.122%+$12 · spread now −0.167%, 7d avg −0.088%
=Together, before fees−0.092%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and OKX is 0.079% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.088%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.214% in total (about -11.2% a year). A funding rate is set anew for every payment. 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 | 7.8521 | 0.0541 | pay 0.0068% / 1h | 33m 18s | $26.5M | $9.1M | 5x |
| Short | OKX INJ-USDT-SWAP | 7.8390 | 0.0100 | get 0.0100% / 8h | 7h 33m | $6.4M | $19.7M | 50x |
Hyperliquid INJ
OKX INJ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$92.64
- Price spread: −0.167% → −0.088%
- −$7.86
- Slippage, 4 orders
- −$20.6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$140.1
- Costs to cover
- 0.396%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; OKX: live order book, 5 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 OKX live order book, 5 min ago | 1.27 bp | 8.4 bp −$8 | 25.1 bp −$251 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit INJ_USDC-PERPETUAL | −0.0260% | 1h | 7.8396 | −0.159% | $6K | $24K | 25x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.8393 | −0.163% | — | — | 20x | as long as short |
| Bybit INJUSDT | −0.0058% | 8h | 7.8390 | −0.167% | $22.0M | $31.4M | 50x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8452 | −0.087% | $91K | $8K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8405 | −0.148% | $3K | — | 150x | as long as short |
| Variational Omni INJ | +0.0080% | 8h | 7.8473 | −0.061% | $279K | $160K | — | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8374 | −0.187% | $71K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8380 | −0.180% | $38K | $66K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8480 | −0.052% | $150K | $443K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8430 | −0.116% | $35.7M | $93.5M | 75x | as long as short |
Deribit INJ_USDC-PERPETUAL
Reya INJRUSDPERP
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-SWAPshort | +0.0100% | 8h | 7.8390 | −0.167% | $6.4M | $19.7M | 50x | |
| Gate INJ_USDT | +0.0100% | 8h | 7.8390 | −0.167% | $2.8M | $4.9M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8380 | −0.180% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8380 | −0.180% | $14.5M | $10.3M | 75x | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8490 | −0.039% | $48K | $320K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8412 | −0.138% | $117K | $697K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0195% | 1h | 7.8432 | −0.114% | $886K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8410 | −0.141% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8410 | −0.141% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8410 | −0.141% | $31.9M | $22.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0356% / S −0.0418% | 1h | 7.8381 | −0.178% | $47K | — | 100x | as long as short |
| Hyperliquid INJlong | +0.0541% | 1h | 7.8521 | long leg | $26.5M | $9.1M | 5x | |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.8820 | +0.381% | $386K | $658K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1436% | 1h | 7.8670 | +0.190% | $328K | $12.1M | 30x | as long as short |
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
ApeX Omni 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