Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.044%
Price spread now: Injective against Hyperliquid−3.091%53s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 3.091% cheaper against Hyperliquid than usual: you would sell low and buy high (−$309 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid JTO | 0.5132 | 0.0100 | pay 0.0013% / 1h | 56m 17s | $7.0M | $3.2M | 5x |
| Short | Injective JTO/USDC PERP | 0.4973 | 0.0033 | get 0.0004% / 1h | 56m 17s | $31 | $43K | 5.5x |
Hyperliquid JTO
Injective JTO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −3.091% → 0.000%
- −$309.07
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$332.09
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; Injective: no order-book sample. Net counts fees only.
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, 6 min ago | 0.10 bp | 9.0 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
JTO on 26 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 JTO_USDC-PERPETUAL | −0.0334% | 1h | 0.5132 | +0.008% | $13K | $11K | 10x | as long as short |
| OKX JTO-USDT-SWAP | −0.0028% | 4h | 0.5136 | +0.086% | $3.9M | $9.5M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0018% | 8h | 0.5122 | −0.191% | $511 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5122 | −0.183% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.944% | — | — | — | as long as short |
| Injective JTO/USDC PERPshort | +0.0033% | 1h | 0.4973 | −3.091% | $31 | $43K | 5.5x | |
| Lighter JTO | +0.0096% | 1h | 0.5133 | +0.025% | $101K | $186K | 10x | as long as short |
| Hyperliquid JTOlong | +0.0100% | 1h | 0.5132 | long leg | $7.0M | $3.2M | 5x | |
| Aster JTOUSDT | +0.0100% | 4h | 0.5129 | −0.057% | $172K | $177K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5136 | +0.086% | $11.3M | $28.0M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
Lighter JTO
Aster JTOUSDT
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit JTOUSDT | +0.0100% | 4h | 0.5141 | +0.183% | $7.5M | $13.7M | 50x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5127 | −0.090% | $913K | $1.2M | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5122 | −0.187% | $7.0M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5127 | −0.094% | $1.6M | $597K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5132 | +0.008% | $2.5M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5129 | −0.051% | — | $67.9M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5127 | −0.093% | $223K | $305K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5132 | +0.008% | $4K | $2K | 10x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5128 | −0.070% | $56K | −$0 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5128 | −0.070% | $518K | $851K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5126 | −0.108% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0248% | 1h | 0.5140 | +0.168% | $347K | $313K | 25x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5131 | −0.012% | $56K | $112K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5116 | −0.304% | $616K | $606K | 75x | as long as short |
| Backpack JTO_USDC_PERP | +0.0380% | 1h | 0.5120 | −0.224% | $225K | $463K | 10x | as long as short |
| Phoenix JTO | +0.0465% | 1h | 0.5131 | −0.012% | $368K | $261K | 5x | as long as short |
Bybit JTOUSDT
Gate JTO_USDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Bulk JTO-USD
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Kraken Futures PF_JTOUSD
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Backpack JTO_USDC_PERP
Phoenix JTO