NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.020%

Price spread now: Injective against Hyperliquid−3.485%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Injective

What this pair did over the last

the charts below follow

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 3.485% cheaper against Hyperliquid than usual: you would sell low and buy high (−$349 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid NOT	0.0005050	0.0100	pay 0.0013% / 1h	33m 09s	$369K	$51K	3x
Short	Injective NOT/USDC PERP	0.0004874	0.0033	get 0.0004% / 1h	33m 09s	$1K	$13K	5.5x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee InjectivebpOrdersPrice spread, now −3.485%Rate

Funding earned: −$14
Price spread: −3.485% → 0.000%: −$348.51
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: −$371.53
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 37 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, 37 min ago	9.93 bp	36.6 bp −$37	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.

NOT on 16 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
Variational Omni NOT	−0.0125%	4h	0.0005043	−0.130%	$71K	$39K	—	as long as short
Injective NOT/USDC PERPshort	+0.0033%	1h	0.0004874	−3.485%	$1K	$13K	5.5x
BloFin NOT-USDT	+0.0043%	4h	0.0005049	−0.020%	$111K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005059	+0.180%	$11K	$5K	3x	as long as short
Hyperliquid NOTlong	+0.0100%	1h	0.0005050	long leg	$369K	$51K	3x
Aster NOTUSDT	+0.0100%	4h	0.0005047	−0.059%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005047	−0.059%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005043	−0.139%	$2.1M	$815K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005043	−0.139%	$613K	$584K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005050	0.000%	$140K	$78K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005048	−0.040%	$1.3M	$461K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005046	−0.079%	$494K	$120K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005050	0.000%	$663K	$387K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005046	−0.079%	—	$7.5M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005047	−0.062%	$4K	$1K	5x	as long as short
Kraken Futures PF_NOTUSD	+0.6148%	1h	0.0005084	+0.677%	$49K	$9K	10x	as long as short