Funding you earn now, next payment 04:00 UTC−0.0698%/8h= −76.4% APRnext payment −$0.87 per $10,000 · paid last 24h −0.066%
Price spread now: Injective against Hyperliquid+1.928%7-day average −2.064% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.161%−$16 on $10k
+Price spread, last 4 days (all we have)−5.247%−$525 · spread now +1.928%, 7d avg −2.064%
=Together, before fees−5.409%+ Points / potential airdropHyperliquid: Season 2 · farm board−$541 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 3.992% dearer against Hyperliquid than usual: you sell high and buy low (spread +1.928% now, against its 7-day average of −2.064%): +$399 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 19 days. At the pace of the last 7 days (−0.161% in total) that is about 6 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.161% in total (about -8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.87 per $10,000. 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 | Hyperliquid KAS | 0.04278 | 0.0731 | pay 0.0091% / 1h | 47m 20s | $2.7M | $1.1M | 3x |
| Short | Injective KAS/USDC PERP | 0.04361 | 0.0033 | get 0.0004% / 1h | 47m 20s | $45 | $154K | 5.5x |
Hyperliquid KAS
Injective KAS/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
- −$146.48
- Price spread: +1.928% → −2.064%
- $399.24
- 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
- $243.74
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 4 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, 4 min ago | 2.80 bp | 21.9 bp −$22 | 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.
KAS on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) KAS/USD | L +0.0010% / S −0.0001% | 1h | 0.04267 | −0.273% | $4K | — | 150x | as long as short |
| Injective KAS/USDC PERPshort | +0.0033% | 1h | 0.04361 | +1.928% | $45 | $154K | 5.5x | |
| Aster KASUSDT | +0.0100% | 4h | 0.04273 | −0.118% | $251K | $167K | 20x | as long as short |
| Binance KASUSDT | +0.0100% | 4h | 0.04273 | −0.129% | $4.1M | $12.6M | 75x | as long as short |
| Bybit KASUSDT | +0.0100% | 4h | 0.04267 | −0.269% | $10.6M | $7.7M | 50x | as long as short |
| Gate KAS_USDT | +0.0100% | 8h | 0.04265 | −0.316% | $2.1M | $1.8M | 75x | as long as short |
| MEXC KAS_USDT | +0.0100% | 4h | 0.04272 | −0.152% | $28.5M | $4.8M | 200x | as long as short |
| KuCoin KASUSDTM | +0.0100% | 4h | 0.04275 | −0.082% | $4.3M | $7.2M | 50x | as long as short |
| Bitget KASUSDT | +0.0100% | 4h | 0.04267 | −0.269% | $11.7M | $3.1M | 50x | as long as short |
| BingX KAS-USDT | +0.0100% | 4h | 0.04268 | −0.245% | — | $67.7M | — | as long as short |
gTrade (Gains Network) KAS/USD
Aster KASUSDT
Binance KASUSDT
Bybit KASUSDT
Gate KAS_USDT
MEXC KAS_USDT
KuCoin KASUSDTM
Bitget KASUSDT
BingX KAS-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni KAS | +0.0100% | 4h | 0.04262 | −0.391% | $25K | $20K | — | as long as short |
| GMX KAS/USD [WBTC.b-USDC] | L +0.0282% / S −0.5451% | 1h | 0.04266 | −0.292% | $11K | — | 100x | as long as short |
| BloFin KAS-USDT | +0.0340% | 4h | 0.04268 | −0.245% | $381K | $291K | 75x | as long as short |
| Hyperliquid KASlong | +0.0731% | 1h | 0.04278 | long leg | $2.7M | $1.1M | 3x | |
| Kraken Futures PF_KASUSD | +0.1209% | 1h | 0.04270 | −0.192% | $305K | $504K | 20x | as long as short |
Variational Omni KAS
GMX KAS/USD [WBTC.b-USDC]
BloFin KAS-USDT
Kraken Futures PF_KASUSD