Funding you earn now, next payment 01:00 UTC+0.0761%/8h= +83.3% APRnext payment +$0.95 per $10,000 · paid last 24h —
Price spread now: Hyperliquid against Reya+0.258%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropReya: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Hyperliquid is 0.258% dearer against Reya than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya INJRUSDPERP | 7.8388 | −0.0200 | get 0.0025% / 1h | 35m 28s | — | — | 20x |
| Short | Hyperliquid INJ | 7.8590 | 0.0561 | get 0.0070% / 1h | 35m 28s | $26.5M | $9.1M | 5x |
Reya INJRUSDPERP
Hyperliquid INJFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Reya. 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
- $159.84
- Price spread: +0.258% → 0.000%
- $25.76
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $170.6
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 8 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 Reya no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 8 min ago | 0.76 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
Reya: 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 INJRUSDPERPlong | −0.0200% | 1h | 7.8388 | long leg | — | — | 20x | |
| Bybit INJUSDT | −0.0116% | 8h | 7.8421 | +0.042% | $22.0M | $31.5M | 50x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8452 | +0.082% | $91K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8523 | +0.172% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8506 | +0.150% | $3K | — | 150x | as long as short |
| Variational Omni INJ | +0.0080% | 8h | 7.8473 | +0.108% | $279K | $160K | — | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8488 | +0.128% | $71K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8500 | +0.143% | $38K | $66K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8513 | +0.159% | $150K | $443K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8464 | +0.097% | $35.7M | $93.5M | 75x | as long as short |
Bybit INJUSDT
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Variational Omni INJ
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8400 | +0.015% | $6.4M | $19.8M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.8440 | +0.066% | $2.8M | $4.9M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8470 | +0.105% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8470 | +0.105% | $14.5M | $10.3M | 75x | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8490 | +0.130% | $48K | $320K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8471 | +0.106% | $117K | $674K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0194% | 1h | 7.8561 | +0.221% | $888K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8480 | +0.117% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8460 | +0.092% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8490 | +0.130% | $31.7M | $22.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0355% / S −0.0418% | 1h | 7.8504 | +0.148% | $47K | — | 100x | as long as short |
| Hyperliquid INJshort | +0.0561% | 1h | 7.8590 | +0.258% | $26.5M | $9.1M | 5x | |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.8820 | +0.551% | $386K | $659K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1436% | 1h | 7.8810 | +0.538% | $329K | $12.1M | 30x | as long as short |
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
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