Funding you earn now, next payment 22:00 UTC−0.0077%/8h= −8.4% APRnext payment −$0.10 per $10,000 · paid last 24h −0.043%
Price spread now: Injective against Hyperliquid−4.067%73s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 4.067% cheaper against Hyperliquid than usual: you would sell low and buy high (−$407 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 73 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 JTO | 0.5184 | 0.0110 | pay 0.0014% / 1h | 23m 59s | $7.3M | $3.2M | 5x |
| Short | Injective JTO/USDC PERP | 0.4973 | 0.0033 | get 0.0004% / 1h | 23m 59s | $31 | $43K | 5.5x |
Hyperliquid JTO
Injective JTO/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
- −$16.08
- Price spread: −4.067% → 0.000%
- −$406.65
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$431.75
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; Injective: 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, 8 min ago | 0.10 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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.
JTO on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit JTO_USDC-PERPETUAL | −0.0715% | 1h | 0.5174 | −0.189% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0160% | 8h | 0.5174 | −0.189% | $937K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0082% | 4h | 0.5172 | −0.228% | $3.9M | $9.9M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5177 | −0.135% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +6.860% | — | — | — | as long as short |
| Paradex JTO-USD-PERP | +0.0008% | 8h | 0.5176 | −0.155% | $517 | — | 5x | as long as short |
| Injective JTO/USDC PERPshort | +0.0033% | 1h | 0.4973 | −4.067% | $31 | $43K | 5.5x | |
| Lighter JTO | +0.0096% | 1h | 0.5181 | −0.050% | $100K | $184K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5178 | −0.104% | $174K | $175K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5172 | −0.221% | $11.6M | $27.9M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
dYdX JTO-USD
Reya JTORUSDPERP
Paradex JTO-USD-PERP
Lighter JTO
Aster JTOUSDT
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit JTOUSDT | +0.0100% | 4h | 0.5180 | −0.073% | $7.5M | $13.6M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5165 | −0.363% | $56K | $2K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5173 | −0.208% | $7.1M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5181 | −0.064% | $1.5M | $610K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5177 | −0.131% | $2.6M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5176 | −0.150% | — | $63.5M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5175 | −0.173% | $183K | $259K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5176 | −0.150% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5172 | −0.231% | $523K | $854K | 10x | as long as short |
| Hyperliquid JTOlong | +0.0110% | 1h | 0.5184 | long leg | $7.3M | $3.2M | 5x | |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5178 | −0.117% | $2K | — | 50x | as long as short |
| Backpack JTO_USDC_PERP | +0.0264% | 1h | 0.5180 | −0.069% | $264K | $503K | 10x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5186 | +0.042% | $57K | $126K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5173 | −0.208% | $642K | $576K | 75x | as long as short |
| Phoenix JTO | +0.0463% | 1h | 0.5185 | +0.023% | $373K | $267K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0607% | 1h | 0.5181 | −0.060% | $353K | $312K | 25x | as long as short |
Bybit JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Backpack JTO_USDC_PERP
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO
Kraken Futures PF_JTOUSD