Funding you earn now, next payment 00:00 UTC−0.0637%/8h= −69.7% APRnext payment −$0.80 per $10,000 · paid last 24h −0.147%
Price spread now: Deribit against Hyperliquid−0.068%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 −$19 a day on $10k at the current rate, and Deribit is 0.068% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 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 INJ | 7.9714 | 0.0637 | pay 0.0080% / 1h | 50m 14s | $27.0M | $9.6M | 5x |
| Short | Deribit INJ_USDC-PERPETUAL | 7.9660 | 0 | get 0.0000% / 1h | 50m 14s | $7K | $23K | 25x |
Hyperliquid INJ
Deribit INJ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$133.73
- Price spread: −0.068% → 0.000%
- −$6.77
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$156.5
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 3 min ago; Deribit: 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, 3 min ago | 1.01 bp | 8.9 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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.
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 | 7.9630 | −0.106% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.9610 | −0.131% | $92K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUALshort | 0.0000% | 1h | 7.9660 | −0.068% | $7K | $23K | 25x | |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.9636 | −0.098% | $4K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.9645 | −0.087% | $72K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0099% | 8h | 7.9660 | −0.068% | $39K | $63K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.9676 | −0.048% | $160K | $440K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.9621 | −0.117% | $36.3M | $94.2M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.9533 | −0.227% | $22.0M | $31.7M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.9580 | −0.168% | $6.6M | $20.4M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance 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 | 7.9580 | −0.168% | $2.9M | $5.0M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.9600 | −0.143% | $9.7M | $16.5M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.9600 | −0.143% | $14.6M | $10.6M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.9455 | −0.325% | $283K | $160K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.9490 | −0.281% | $49K | $348K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.9659 | −0.069% | $120K | $460K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0200% | 1h | 7.9676 | −0.048% | $880K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.9400 | −0.394% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.9570 | −0.181% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.9610 | −0.130% | $32.5M | $22.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0358% / S −0.0418% | 1h | 7.9630 | −0.105% | $47K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.9800 | +0.108% | $392K | $727K | 50x | as long as short |
| Hyperliquid INJlong | +0.0637% | 1h | 7.9714 | long leg | $27.0M | $9.6M | 5x | |
| Injective INJ/USDC PERP | +0.1298% | 1h | 7.9790 | +0.095% | $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