Funding you earn now, next payment 03:00 UTC+0.0522%/8h= +57.1% APRpaid last 24h +0.138%
Price spread now: Hyperliquid against OKX+0.134%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$460.455% of the position
Funding, last 7 days+0.218%+$22 on $10k
+Price spread, last 7 days−0.111%−$11 · spread now +0.134%, 7d avg +0.088%
=Together, before fees+0.106%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Hyperliquid is 0.046% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.088%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.218% in total (about 11.4% 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 | OKX INJ-USDT-SWAP | 7.8190 | 0.0100 | pay 0.0100% / 8h | 5h 59m | $6.4M | $18.8M | 50x |
| Short | Hyperliquid INJ | 7.8295 | 0.0622 | get 0.0078% / 1h | 59m 47s | $26.4M | $8.8M | 5x |
OKX INJ-USDT-SWAP
Hyperliquid INJFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against OKX. 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
- $109.52
- Price spread: +0.134% → +0.088%
- $4.63
- Slippage, 4 orders
- −$26.52
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $68.63
- Costs to cover
- 0.455%
- Break-even
- 2.6 days
Slippage from OKX: live order book, 4 min ago; Hyperliquid: live order book, 3 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 OKX live order book, 4 min ago | 0.64 bp | 15.1 bp −$15 | 31.2 bp −$312 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 0.51 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
INJ on 23 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 | 7.8002 | −0.241% | — | — | 20x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8046 | −0.185% | $3K | — | 150x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0006% | 1h | 7.8071 | −0.152% | $6K | $24K | 25x | as long as short |
| dYdX INJ-USD | +0.0015% | 1h | 7.8033 | −0.201% | $81K | $17K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8020 | −0.217% | $71K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8140 | −0.064% | $149K | $424K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8210 | +0.026% | $35.5M | $90.2M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8200 | +0.013% | $22.1M | $30.7M | 50x | as long as short |
| OKX INJ-USDT-SWAPlong | +0.0100% | 8h | 7.8190 | long leg | $6.4M | $18.8M | 50x | |
| Gate INJ_USDT | +0.0100% | 8h | 7.8140 | −0.064% | $2.8M | $5.0M | 50x | as long as short |
Reya INJRUSDPERP
gTrade (Gains Network) INJ/USD
Deribit INJ_USDC-PERPETUAL
dYdX INJ-USD
Aevo INJ-PERP
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
Gate INJ_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8120 | −0.090% | $9.4M | $16.5M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8170 | −0.026% | $14.3M | $10.0M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7961 | −0.292% | $274K | $151K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8010 | −0.230% | $47K | $273K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8050 | −0.179% | $35K | $80K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8111 | −0.101% | $116K | $365K | 10x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0269% / S −0.0198% | 1h | 7.8018 | −0.219% | $30K | — | 100x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8110 | −0.102% | — | $21.2M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8170 | −0.026% | $31.9M | $21.4M | 300x | as long as short |
| Kraken Futures PF_INJUSD | +0.0405% | 1h | 7.8094 | −0.123% | $868K | $3.0M | 50x | as long as short |
| Hyperliquid INJshort | +0.0622% | 1h | 7.8295 | +0.134% | $26.4M | $8.8M | 5x | |
| Coinbase International INJ-PERP-INTX | +0.0624% | 1h | 7.8130 | −0.077% | $382K | $593K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1354% | 1h | 7.8320 | +0.166% | $327K | $12.1M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
GMX INJ/USD [WBTC.b-USDC]
BingX INJ-USDT
MEXC INJ_USDT
Kraken Futures PF_INJUSD
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP