Funding you earn now, next payment 04:00 UTC+0.0712%/8h= +78.0% APRnext payment +$0.89 per $10,000 · paid last 24h +0.066%
Price spread now: Hyperliquid against Injective−1.864%53s7-day average +2.064% · you buy dearer than you sell
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)+5.183%+$518 · spread now −1.864%, 7d avg +2.064%
=Together, before fees+5.345%+ Points / potential airdropHyperliquid: Season 2 · farm board+$534 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 3.928% cheaper against Injective than usual: you would sell low and buy high (spread −1.864% now, against its 7-day average of +2.064%). If the spread goes back, that is −$393 on $10k: about 18 days of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.161% in total) that is about 6 months. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
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 +$0.89 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 | Injective KAS/USDC PERP | 0.04361 | 0.0033 | pay 0.0004% / 1h | 48m 23s | $45 | $154K | 5.5x |
| Short | Hyperliquid KAS | 0.04280 | 0.0746 | get 0.0093% / 1h | 48m 23s | $2.7M | $1.1M | 3x |
Injective KAS/USDC PERP
Hyperliquid KASFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $149.61
- Price spread: −1.864% → +2.064%
- −$392.84
- 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
- −$252.24
- Costs to cover
- 0.090%
- Break-even
- 18.8 days
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 3 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, 3 min ago | 2.80 bp | 30.2 bp −$30 | 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.
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 | 0.04266 | −2.173% | $4K | — | 150x | as long as short |
| Injective KAS/USDC PERPlong | +0.0033% | 1h | 0.04361 | long leg | $45 | $154K | 5.5x | |
| Aster KASUSDT | +0.0100% | 4h | 0.04272 | −2.032% | $251K | $167K | 20x | as long as short |
| Binance KASUSDT | +0.0100% | 4h | 0.04273 | −2.007% | $4.1M | $12.6M | 75x | as long as short |
| Bybit KASUSDT | +0.0100% | 4h | 0.04268 | −2.133% | $10.6M | $7.7M | 50x | as long as short |
| Gate KAS_USDT | +0.0100% | 8h | 0.04266 | −2.178% | $2.1M | $1.8M | 75x | as long as short |
| MEXC KAS_USDT | +0.0100% | 4h | 0.04273 | −2.018% | $28.5M | $4.7M | 200x | as long as short |
| KuCoin KASUSDTM | +0.0100% | 4h | 0.04274 | −1.990% | $4.3M | $7.2M | 50x | as long as short |
| Bitget KASUSDT | +0.0100% | 4h | 0.04266 | −2.178% | $11.7M | $3.1M | 50x | as long as short |
| BingX KAS-USDT | +0.0100% | 4h | 0.04269 | −2.110% | — | $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 | −2.276% | $25K | $20K | — | as long as short |
| GMX KAS/USD [WBTC.b-USDC] | L +0.0282% / S −0.5451% | 1h | 0.04268 | −2.126% | $11K | — | 100x | as long as short |
| BloFin KAS-USDT | +0.0340% | 4h | 0.04268 | −2.133% | $381K | $291K | 75x | as long as short |
| Hyperliquid KASshort | +0.0746% | 1h | 0.04280 | −1.864% | $2.7M | $1.1M | 3x | |
| Kraken Futures PF_KASUSD | +0.1209% | 1h | 0.04270 | −2.080% | $305K | $504K | 20x | as long as short |
Variational Omni KAS
GMX KAS/USD [WBTC.b-USDC]
BloFin KAS-USDT
Kraken Futures PF_KASUSD