NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.020%

Price spread now: Hyperliquid against Injective+4.637%53s7-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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 4.637% dearer against Injective than usual: you sell high and buy low: +$464 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 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	Injective NOT/USDC PERP	0.0004874	0.0033	pay 0.0004% / 1h	54m 21s	$1K	$13K	5.5x
Short	Hyperliquid NOT	0.0005100	0.0100	get 0.0013% / 1h	54m 21s	$373K	$51K	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 +4.637%Rate

Funding earned: $14
Price spread: +4.637% → 0.000%: $463.68
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: $468.66
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 5 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, 5 min ago	9.83 bp	15.9 bp −$16	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.

NOT on 16 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
Variational Omni NOT	−0.0064%	4h	0.0005085	+4.325%	$72K	$39K	—	as long as short
Injective NOT/USDC PERPlong	+0.0033%	1h	0.0004874	long leg	$1K	$13K	5.5x
Lighter 1000NOT	+0.0096%	1h	0.0005101	+4.657%	$11K	$5K	3x	as long as short
Hyperliquid NOTshort	+0.0100%	1h	0.0005100	+4.637%	$373K	$51K	3x
Aster NOTUSDT	+0.0100%	4h	0.0005098	+4.598%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005091	+4.446%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005090	+4.432%	$2.2M	$822K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005095	+4.534%	$622K	$600K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005090	+4.432%	$142K	$78K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005092	+4.473%	$1.4M	$458K	200x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0005092	+4.473%	$465K	$138K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005098	+4.596%	$669K	$384K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005093	+4.493%	—	$721K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005091	+4.444%	$4K	$1K	5x	as long as short
BloFin NOT-USDT	+0.0136%	4h	0.0005095	+4.534%	$111K	$17K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.4178%	1h	0.0005105	+4.747%	$50K	$10K	10x	as long as short