Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.066%
Price spread now: Injective against Hyperliquid−1.353%73s7-day average −1.637% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.255%+$25 on $10k
+Price spread, last 4 days (all we have)−1.102%−$110 · spread now −1.353%, 7d avg −1.637%
=Together, before fees−0.848%+ Points / potential airdropHyperliquid: Season 2 · farm board−$85 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 0.284% dearer against Hyperliquid than usual: you sell high and buy low (spread −1.353% now, against its 7-day average of −1.637%): +$28 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 14 days. Mind the row above: over the last 7 days funding on this pair paid +0.255%, so the current rate has only just turned against you. The two prices were read 73 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 STX | 0.3510 | 0.0100 | pay 0.0013% / 1h | 18m 04s | $1.5M | $796K | 5x |
| Short | Injective STX/USDC PERP | 0.3463 | 0.0033 | get 0.0004% / 1h | 18m 04s | $4K | $264K | 12x |
Hyperliquid STX
Injective STX/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: −1.353% → −1.637%
- $28.44
- 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
- $5.42
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 2 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, 2 min ago | 1.71 bp | 10.6 bp −$11 | 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.
STX on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STXUSD | −0.0723% | 1h | 0.3506 | −0.137% | $74K | $116K | 20x | as long as short |
| Variational Omni STX | −0.0148% | 8h | 0.3489 | −0.616% | $801K | $235K | — | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3504 | −0.178% | — | — | 150x | as long as short |
| Injective STX/USDC PERPshort | +0.0033% | 1h | 0.3463 | −1.353% | $4K | $264K | 12x | |
| ApeX Omni STXUSDT | +0.0049% | 1h | 0.3485 | −0.726% | $61K | $688K | 50x | as long as short |
| BloFin STX-USDT | +0.0097% | 8h | 0.3498 | −0.356% | $428K | $226K | 20x | as long as short |
| Hyperliquid STXlong | +0.0100% | 1h | 0.3510 | long leg | $1.5M | $796K | 5x | |
| Aster STXUSDT | +0.0100% | 8h | 0.3505 | −0.168% | $131K | $63K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3505 | −0.168% | $8.2M | $18.5M | 75x | as long as short |
| Bybit STXUSDT | +0.0100% | 8h | 0.3500 | −0.299% | $9.1M | $6.6M | 75x | as long as short |
Kraken Futures PF_STXUSD
Variational Omni STX
gTrade (Gains Network) STX/USD
ApeX Omni STXUSDT
BloFin STX-USDT
Aster STXUSDT
Binance STXUSDT
Bybit STXUSDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3506 | −0.128% | $2.4M | $5.9M | 20x | as long as short |
| Gate STX_USDT | +0.0100% | 8h | 0.3503 | −0.214% | $633K | $402K | 50x | as long as short |
| MEXC STX_USDT | +0.0100% | 8h | 0.3505 | −0.157% | $6.1M | $1.2M | 50x | as long as short |
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3506 | −0.128% | $2.4M | $1.1M | 50x | as long as short |
| Bitget STXUSDT | +0.0100% | 8h | 0.3505 | −0.157% | $4.8M | $2.1M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3503 | −0.214% | — | $13.7M | — | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3504 | −0.195% | $186K | $1.1M | 10x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0191% / S −0.0304% | 1h | 0.3507 | −0.102% | $5K | — | 100x | as long as short |
OKX STX-USDT-SWAP
Gate STX_USDT
MEXC STX_USDT
KuCoin STXUSDTM
Bitget STXUSDT
BingX STX-USDT
Extended STX-USD
GMX STX/USD [WBTC.b-USDC]