Funding you earn now, next payment 01:00 UTC−0.0309%/8h= −33.9% APRnext payment −$0.39 per $10,000 · paid last 24h −0.062%
Price spread now: Injective against Hyperliquid+0.538%7-day average −10.228% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.329%−$33 on $10k
+Price spread, last 3 days (all we have)−15.513%−$1,551 · spread now +0.538%, 7d avg −10.228%
=Together, before fees−15.842%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1,584 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 10.766% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.538% now, against its 7-day average of −10.228%): +$1,077 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 4 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid LIT | 4.7783 | 0.0343 | pay 0.0043% / 1h | 13m 20s | $214.5M | $43.9M | 5x |
| Short | Injective LIT/USDC PERP | 4.8040 | 0.0033 | get 0.0004% / 1h | 13m 20s | $422 | $178K | 5.5x |
Hyperliquid LIT
Injective LIT/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
- −$64.99
- Price spread: +0.538% → −10.228%
- $1,076.59
- 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
- $1,002.58
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 11 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, 11 min ago | 0.10 bp | 6.8 bp −$7 | 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.
LIT on 42 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 LIT_USDC-PERPETUAL | −0.0722% | 1h | 4.7692 | −0.190% | $42K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0481% | 4h | 4.7635 | −0.310% | $33K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0424% | 1h | 4.7615 | −0.352% | $33K | $4K | 5x | as long as short |
| Bullet LIT-USD | −0.0353% | 1h | 4.7669 | −0.238% | $85K | $72K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0196% | 4h | 4.7706 | −0.161% | $25.9M | $63.7M | 50x | as long as short |
| ApeX Omni LITUSDT | −0.0161% | 1h | 4.7740 | −0.090% | $57K | $77K | 50x | as long as short |
| KuCoin LITUSDTM | −0.0134% | 4h | 4.7674 | −0.228% | $5.3M | $1.1M | 30x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0088% | 1h | 4.7783 | −0.001% | $676K | $392K | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0054% | 4h | 4.7731 | −0.109% | $913K | $1.8M | 10x | as long as short |
| Phoenix LIT | −0.0034% | 1h | 4.7712 | −0.149% | $207K | $361K | 5x | as long as short |
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Bullet LIT-USD
OKX LIT-USDT-SWAP
ApeX Omni LITUSDT
KuCoin LITUSDTM
Coinbase International LIT-PERP-INTX
GRVT LIT_USDT_Perp
Phoenix LITShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl LIT | 0.0000% | 43m | 4.7715 | −0.142% | $32K | $852K | 33x | as long as short |
| dYdX LIT-USD | +0.0003% | 1h | 4.7680 | −0.215% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.7750 | −0.068% | $11K | — | 150x | as long as short |
| Injective LIT/USDC PERPshort | +0.0033% | 1h | 4.8040 | +0.538% | $422 | $178K | 5.5x | |
| Paradex LIT-USD-PERP | +0.0048% | 8h | 4.7648 | −0.282% | $7K | $2K | 5x | as long as short |
| Nado LIT-PERP | +0.0059% | 1h | 4.7665 | −0.247% | $2.2M | $1.7M | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0092% | 1h | 4.7691 | −0.193% | $451K | $104K | 10x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7725 | −0.121% | $59.7M | $30.0M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7768 | −0.031% | $12.8M | $2.1M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7697 | −0.180% | $591K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7677 | −0.222% | $76.1M | $80.1M | 75x | as long as short |
| Bybit LITUSDT | +0.0100% | 4h | 4.7690 | −0.195% | $42.9M | $29.7M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7686 | −0.203% | $118K | $449K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7476 | −0.642% | $119K | $1K | 10x | as long as short |
| Gate LIT_USDT | +0.0100% | 4h | 4.7690 | −0.195% | $2.8M | $4.5M | 50x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7643 | −0.293% | $5.6M | $4.2M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7700 | −0.174% | $6.8M | $2.7M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.7768 | −0.031% | $692K | $1.4M | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7665 | −0.247% | $290K | $310K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7733 | −0.104% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7675 | −0.226% | $5K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7681 | −0.213% | $1K | $453K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7716 | −0.140% | $190K | $346K | 30x | as long as short |
| Phemex LITUSDT | +0.0100% | 4h | 4.7700 | −0.174% | $1.4M | $2.7M | 20x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7665 | −0.248% | $5.2M | $5.1M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7715 | −0.142% | $149K | — | 3x | as long as short |
| RISEx LIT/USDC | +0.0119% | 1h | 4.7704 | −0.166% | $798K | $2.0M | 5x | as long as short |
| Lighter RH LIT | +0.0176% | 1h | 4.7759 | −0.050% | $3.7M | $13.7M | 5x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7722 | −0.128% | $1.6M | $2.0M | 75x | as long as short |
| Hyperliquid LITlong | +0.0343% | 1h | 4.7783 | long leg | $214.5M | $43.9M | 5x | |
| Aftermath Perps LITUSD | +0.0380% | 1h | 4.7655 | −0.268% | $9K | $204K | 10x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0399% / S −0.0189% | 1h | 4.7723 | −0.125% | $64K | — | 50x | as long as short |
Perpl LIT
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Paradex LIT-USD-PERP
Nado LIT-PERP
Polymarket Perps LIT-USD
Lighter LIT
Aster LITUSDT
Pacifica LIT
Binance LITUSDT
Bybit LITUSDT
Arcus LIT-USD
Bulk LIT-USD
Gate LIT_USDT
MEXC LIT_USDT
Bitget LITUSDT
Backpack LIT_USDC_PERP
edgeX LITUSDC
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Phemex LITUSDT
Extended LIT-USD
Aevo LIT-PERP
RISEx LIT/USDC
Lighter RH LIT
BloFin LIT-USDT
Aftermath Perps LITUSD
GMX LIT/USD [ETH-USDC]