Funding you earn now, next payment 00:00 UTC+0.0518%/8h= +56.8% APRpaid last 24h +0.108%
Price spread now: Hyperliquid against Binance+0.040%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$340.342% of the position
Funding, last 7 days+0.222%+$22 on $10k
+Price spread, last 7 days−0.020%−$2 · spread now +0.040%, 7d avg +0.058%
=Together, before fees+0.201%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.058%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.222% in total (about 11.6% a year). A funding rate is set anew for every payment. 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 | Binance INJUSDT | 7.9576 | 0.0100 | pay 0.0100% / 8h | 50m 48s | $36.3M | $94.1M | 75x |
| Short | Hyperliquid INJ | 7.9608 | 0.0618 | get 0.0077% / 1h | 50m 48s | $27.0M | $9.6M | 5x |
Binance INJUSDT
Hyperliquid INJFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $108.85
- Price spread: +0.040% → +0.058%
- −$1.85
- Slippage, 4 orders
- −$15.2
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $72.8
- Costs to cover
- 0.342%
- Break-even
- 2.3 days
Slippage from Binance: live order book, 7 min ago; Hyperliquid: live order book, 2 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 Binance live order book, 7 min ago | 0.63 bp | 6.9 bp −$7 | 19.8 bp −$198 | 132.1 bp −$13.2K | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 1.01 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
INJ on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.9512 | −0.080% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.9425 | −0.189% | $92K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.9531 | −0.057% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.9526 | −0.064% | $4K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.9495 | −0.102% | $72K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0099% | 8h | 7.9520 | −0.071% | $39K | $63K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.9555 | −0.027% | $159K | $440K | 20x | as long as short |
| Binance INJUSDTlong | +0.0100% | 8h | 7.9576 | long leg | $36.3M | $94.1M | 75x | |
| Bybit INJUSDT | +0.0100% | 8h | 7.9480 | −0.121% | $22.0M | $31.7M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.9530 | −0.058% | $6.5M | $20.4M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate INJ_USDT | +0.0100% | 8h | 7.9500 | −0.096% | $2.9M | $5.0M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.9500 | −0.096% | $9.7M | $16.5M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.9510 | −0.083% | $14.6M | $10.6M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.9214 | −0.455% | $279K | $157K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.9490 | −0.108% | $49K | $348K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.9534 | −0.053% | $120K | $460K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0201% | 1h | 7.9535 | −0.051% | $880K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.9400 | −0.221% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.9530 | −0.058% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.9550 | −0.033% | $32.5M | $22.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0358% / S −0.0418% | 1h | 7.9534 | −0.053% | $47K | — | 100x | as long as short |
| Hyperliquid INJshort | +0.0618% | 1h | 7.9608 | +0.040% | $27.0M | $9.6M | 5x | |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.9690 | +0.143% | $391K | $730K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1298% | 1h | 7.9790 | +0.269% | $327K | $12.1M | 30x | as long as short |
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
Kraken Futures PF_INJUSD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP