Funding you earn now, next payment 01:00 UTC−0.0761%/8h= −83.3% APRnext payment −$0.95 per $10,000 · paid last 24h +0.001%
Price spread now: Injective against Hyperliquid+0.039%53s7-day average +0.080% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.085%−$9 on $10k
+Price spread, last 3 days (all we have)+0.062%+$6 · spread now +0.039%, 7d avg +0.080%
=Together, before fees−0.023%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Injective is 0.041% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.080%). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.085% in total (about -4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.95 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 WLD | 0.4583 | 0.0798 | pay 0.0100% / 1h | 58m 16s | $50.8M | $43.6M | 10x |
| Short | Injective WLD/USDC PERP | 0.4585 | 0.0038 | get 0.0005% / 1h | 58m 16s | $6K | $185K | 5.5x |
Hyperliquid WLD
Injective WLD/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
- −$159.76
- Price spread: +0.039% → +0.080%
- −$4.09
- 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
- −$172.87
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; Injective: live order book, 46 min ago. 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, 5 min ago | 0.44 bp | 6.0 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 46 min ago | 53.29 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
WLD on 38 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0202% | 8h | 0.4575 | −0.179% | $65K | $3.9M | 1.7x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4565 | −0.389% | $163K | $13K | 10x | as long as short |
| KuCoin WLDUSDTM | +0.0003% | 8h | 0.4573 | −0.223% | $7.0M | $11.0M | 50x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4579 | −0.087% | $56K | — | 150x | as long as short |
| Injective WLD/USDC PERPshort | +0.0038% | 1h | 0.4585 | +0.039% | $6K | $185K | 5.5x | |
| Orderly PERP_WLD_USDC | +0.0039% | 8h | 0.4578 | −0.113% | $28K | $906K | 10x | as long as short |
| Nado WLD-PERP | +0.0096% | 1h | 0.4577 | −0.135% | $276K | $169K | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4580 | −0.078% | $192K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4569 | −0.319% | $53K | $487K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4577 | −0.128% | $86.5M | $304.0M | 75x | as long as short |
Kalshi KXWLDPERP
dYdX WLD-USD
KuCoin WLDUSDTM
gTrade (Gains Network) WLD/USD
Orderly PERP_WLD_USDC
Nado WLD-PERP
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4579 | −0.092% | $65.9M | $82.8M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4577 | −0.135% | $34.3M | $143.5M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4577 | −0.135% | $7.5M | $34.9M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4579 | −0.092% | $46.0M | $53.0M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4577 | −0.135% | $30.3M | $26.1M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4580 | −0.070% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4577 | −0.140% | $136K | $283K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4578 | −0.116% | $2.0M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4577 | −0.134% | $27K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4585 | +0.039% | $608K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4580 | −0.070% | $55K | $228K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4578 | −0.120% | $48K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4584 | +0.017% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4575 | −0.179% | $213 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4567 | −0.353% | $850K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4578 | −0.113% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4575 | −0.176% | $231K | $847K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4581 | −0.054% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0104% | 1h | 0.4586 | +0.050% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4574 | −0.204% | — | — | 20x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.0187% | 1h | 0.4580 | −0.070% | $122K | $892K | 25x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4581 | −0.048% | $4.9M | $822K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4580 | −0.072% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0280% | 1h | 0.4582 | −0.037% | $328 | $77 | 5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0329% | 1h | 0.4578 | −0.106% | $903K | $2.7M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0448% | 1h | 0.4580 | −0.070% | $273K | $1.6M | 50x | as long as short |
| Hyperliquid WLDlong | +0.0798% | 1h | 0.4583 | long leg | $50.8M | $43.6M | 10x | |
| Lighter WLD | +0.1024% | 1h | 0.4590 | +0.144% | $5.2M | $2.0M | 10x | as long as short |
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Phoenix WLD
Reya WLDRUSDPERP
Deribit WLD_USDC-PERPETUAL
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX
Lighter WLD