Funding you earn now, next payment 00:00 UTC−0.0901%/8h= −98.7% APRnext payment −$1.13 per $10,000 · paid last 24h −0.040%
Price spread now: Injective against Hyperliquid+0.593%7-day average −2.193% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.135%−$13 on $10k
+Price spread, last 3 days (all we have)−4.150%−$415 · spread now +0.593%, 7d avg −2.193%
=Together, before fees−4.285%+ Points / potential airdropHyperliquid: Season 2 · farm board−$429 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 2.786% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.593% now, against its 7-day average of −2.193%): +$279 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.135% in total) that is about 5 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.135% in total (about -7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.13 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 KAS | 0.04335 | 0.0934 | pay 0.0117% / 1h | 1m 02s | $2.8M | $1.0M | 3x |
| Short | Injective KAS/USDC PERP | 0.04361 | 0.0033 | get 0.0004% / 1h | 1m 02s | $45 | $154K | 5.5x |
Hyperliquid KAS
Injective KAS/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
- −$189.21
- Price spread: +0.593% → −2.193%
- $278.58
- 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
- $80.35
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 10 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, 10 min ago | 2.77 bp | 33.7 bp −$34 | 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.
KAS on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) KAS/USD | L +0.0010% / S −0.0001% | 1h | 0.04323 | −0.278% | $4K | — | 150x | as long as short |
| Injective KAS/USDC PERPshort | +0.0033% | 1h | 0.04361 | +0.593% | $45 | $154K | 5.5x | |
| Aster KASUSDT | +0.0100% | 4h | 0.04324 | −0.266% | $255K | $168K | 20x | as long as short |
| Binance KASUSDT | +0.0100% | 4h | 0.04330 | −0.128% | $4.0M | $11.4M | 75x | as long as short |
| Bybit KASUSDT | +0.0100% | 4h | 0.04324 | −0.261% | $10.7M | $7.1M | 50x | as long as short |
| Gate KAS_USDT | +0.0100% | 8h | 0.04322 | −0.307% | $2.1M | $1.7M | 75x | as long as short |
| MEXC KAS_USDT | +0.0100% | 4h | 0.04326 | −0.215% | $28.0M | $4.5M | 200x | as long as short |
| KuCoin KASUSDTM | +0.0100% | 4h | 0.04329 | −0.145% | $4.3M | $6.8M | 50x | as long as short |
| Bitget KASUSDT | +0.0100% | 4h | 0.04324 | −0.261% | $11.9M | $3.0M | 50x | as long as short |
| BingX KAS-USDT | +0.0100% | 4h | 0.04329 | −0.145% | — | $67.9M | — | as long as short |
gTrade (Gains Network) KAS/USD
Aster KASUSDT
Binance KASUSDT
Bybit KASUSDT
Gate KAS_USDT
MEXC KAS_USDT
KuCoin KASUSDTM
Bitget KASUSDT
BingX KAS-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni KAS | +0.0100% | 4h | 0.04321 | −0.320% | $26K | $21K | — | as long as short |
| GMX KAS/USD [WBTC.b-USDC] | L +0.0287% / S −0.5794% | 1h | 0.04322 | −0.304% | $12K | — | 100x | as long as short |
| Kraken Futures PF_KASUSD | +0.0316% | 1h | 0.04326 | −0.218% | $303K | $460K | 20x | as long as short |
| BloFin KAS-USDT | +0.0340% | 4h | 0.04327 | −0.191% | $371K | $204K | 75x | as long as short |
| Hyperliquid KASlong | +0.0934% | 1h | 0.04335 | long leg | $2.8M | $1.0M | 3x |
Variational Omni KAS
GMX KAS/USD [WBTC.b-USDC]
Kraken Futures PF_KASUSD
BloFin KAS-USDT