IO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0314%/8h= −34.4% APRnext payment −$0.39 per $10,000 · paid last 24h +0.833%

Price spread now: Hyperliquid against Injective+0.587%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Hyperliquid is 0.587% dearer against Injective than usual: you sell high and buy low (spread +0.587% now, against zero (this spread has no 7-day history yet)): +$59 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 6.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective IO/USDC PERP	0.1517	0.0414	pay 0.0052% / 1h	13m 17s	$2K	$202	5.5x
Short	Hyperliquid IO	0.1526	0.0100	get 0.0013% / 1h	13m 17s	$1.0M	$383K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee HyperliquidbpOrdersPrice spread, now +0.587%Rate

Funding earned: −$65.93
Price spread: +0.587% → 0.000%: $58.67
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$16.28
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 7 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 Injective no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 7 min ago	1.64 bp	20.0 bp −$20	doesn't fit	doesn't fit	doesn't fit

Injective: 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.

IO on 14 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
Hyperliquid IOshort	+0.0100%	1h	0.1526	+0.587%	$1.0M	$383K	3x
Aster IOUSDT	+0.0100%	4h	0.1527	+0.654%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1526	+0.617%	$3.0M	$6.6M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1525	+0.560%	$1.1M	$897K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1526	+0.567%	$242K	$550K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1526	+0.593%	$1.2M	$231K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1526	+0.593%	$366K	$676K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1527	+0.659%	$1.3M	$1.2M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1526	+0.593%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1522	+0.314%	$33K	$8K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin IO-USDT	+0.0101%	4h	0.1523	+0.396%	$195K	$32K	50x	as long as short
Extended IO-USD	+0.0104%	1h	0.1526	+0.595%	$910	$121K	5x	as long as short
Injective IO/USDC PERPlong	+0.0414%	1h	0.1517	long leg	$2K	$202	5.5x
Kraken Futures PF_IOUSD	+0.0612%	1h	0.1541	+1.586%	$40K	$18K	10x	as long as short