Funding you earn now, next payment 21:00 UTC+0.0075%/8h= +8.3% APRnext payment +$0.09 per $10,000 · paid last 24h −0.357%
Price spread now: Injective against Hyperliquid−0.261%66s7-day average −0.298% · you buy dearer than you sell
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1271.266% of the position
Funding, last 7 days−0.280%−$28 on $10k
+Price spread, last 3 days (all we have)+3.179%+$318 · spread now −0.261%, 7d avg −0.298%
=Together, before fees+2.899%+ Points / potential airdropHyperliquid: Season 2 · farm board+$290 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Injective is 0.037% dearer against Hyperliquid than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.298%. Mind the row above: over the last 7 days funding on this pair cost −0.280%, so the current rate has only just turned in your favour. The two prices were read 66 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 APT | 0.7660 | 0.0100 | pay 0.0013% / 1h | 48m 25s | $5.8M | $5.1M | 10x |
| Short | Injective APT/USDC PERP | 0.7640 | 0.0175 | get 0.0022% / 1h | 48m 25s | $2K | $121K | 12x |
Hyperliquid APT
Injective APT/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
- $15.85
- Price spread: −0.261% → −0.298%
- $3.74
- Slippage, 4 orders
- −$117.54
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$106.97
- Costs to cover
- 1.266%
- Break-even
- 54.2 days
Slippage from Hyperliquid: live order book, 8 min ago; Injective: live order book, 1 min ago.
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, 8 min ago | 0.65 bp | 9.5 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 1 min ago | 52.22 bp | 52.2 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
APT on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange APTUSD | −0.0312% | 1h | 0.7655 | −0.065% | $2K | — | 5x | as long as short |
| Kraken Futures PF_APTUSD | −0.0244% | 1h | 0.7658 | −0.024% | $545K | $591K | 50x | as long as short |
| Variational Omni APT | −0.0125% | 8h | 0.7676 | +0.203% | $602K | $224K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0028% | 8h | 0.7653 | −0.091% | $10K | $7K | 10x | as long as short |
| Deribit APT_USDC-PERPETUAL | −0.0011% | 1h | 0.7657 | −0.039% | $13K | $329K | 50x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7658 | −0.026% | $21K | — | 150x | as long as short |
| Bybit APTUSDT | +0.0068% | 8h | 0.7650 | −0.131% | $28.6M | $35.4M | 50x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7656 | −0.052% | $439K | $298K | 10x | as long as short |
| Hyperliquid APTlong | +0.0100% | 1h | 0.7660 | long leg | $5.8M | $5.1M | 10x | |
| Aster APTUSDT | +0.0100% | 8h | 0.7660 | +0.005% | $298K | $455K | 20x | as long as short |
01 Exchange APTUSD
Kraken Futures PF_APTUSD
Variational Omni APT
Orderly PERP_APT_USDC
Deribit APT_USDC-PERPETUAL
gTrade (Gains Network) APT/USD
Bybit APTUSDT
Lighter APT
Aster APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance APTUSDT | +0.0100% | 8h | 0.7654 | −0.078% | $28.3M | $95.6M | 75x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7652 | −0.104% | $6.1M | $22.2M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7652 | −0.104% | $2.6M | $4.6M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7655 | −0.065% | $27.9M | $14.1M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7652 | −0.104% | $5.4M | $11.8M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7653 | −0.091% | $8.8M | $11.9M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7655 | −0.065% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7663 | +0.039% | $195K | $367K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7650 | −0.131% | $64K | $574K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7645 | −0.196% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7656 | −0.052% | $59 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7666 | +0.078% | $259K | $138K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7650 | −0.125% | $82K | $478K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7658 | −0.030% | $24K | — | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0136% / S −0.0090% | 1h | 0.7655 | −0.066% | $16K | — | 100x | as long as short |
| Injective APT/USDC PERPshort | +0.0175% | 1h | 0.7640 | −0.261% | $2K | $121K | 12x | |
| BloFin APT-USDT | +0.0220% | 8h | 0.7676 | +0.209% | $1.5M | $757K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0248% | 1h | 0.7679 | +0.248% | $201K | $522K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0459% | 1h | 0.7651 | −0.114% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0993% | 1h | 0.7660 | −0.001% | $54K | $5K | 10x | as long as short |
Binance APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDC
Backpack APT_USDC_PERP
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD