Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.029%
Price spread now: Hyperliquid against Injective+8.116%53s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.077%−$8 on $10k
+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 8.116% dearer against Injective than usual: you sell high and buy low: +$812 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour. 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 ORDI/USDC PERP | 4.5550 | 0.0033 | pay 0.0004% / 1h | 12m 19s | $776 | $20K | 5.5x |
| Short | Hyperliquid ORDI | 4.9247 | 0.0100 | get 0.0013% / 1h | 12m 19s | $710K | $667K | 3x |
Injective ORDI/USDC PERP
Hyperliquid ORDIFunding 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
- $14
- Price spread: +8.116% → 0.000%
- $811.64
- 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
- $816.62
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 68 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, 68 min ago | 1.01 bp | 17.1 bp −$17 | 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.
ORDI on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORDIUSD | −0.0711% | 1h | 4.9081 | +7.751% | $70K | $47K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9071 | +7.730% | $34K | $577 | 5x | as long as short |
| Gate ORDI_USDT | +0.0014% | 4h | 4.9170 | +7.947% | $1.3M | $2.8M | 50x | as long as short |
| Injective ORDI/USDC PERPlong | +0.0033% | 1h | 4.5550 | long leg | $776 | $20K | 5.5x | |
| Hyperliquid ORDIshort | +0.0100% | 1h | 4.9247 | +8.116% | $710K | $667K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9170 | +7.947% | $6K | $432K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9218 | +8.053% | $10.1M | $34.6M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9160 | +7.925% | $4.1M | $4.8M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9170 | +7.947% | $5.3M | $18.3M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9220 | +8.057% | $6.6M | $3.3M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Gate ORDI_USDT
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
MEXC ORDI_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9153 | +7.910% | $992K | $830K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9200 | +8.013% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.9160 | +7.925% | — | $26.9M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8947 | +7.458% | $28K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9040 | +7.662% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9040 | +7.662% | $85K | $440K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9177 | +7.963% | $2K | $179K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0130% | 4h | 4.9190 | +7.991% | $593K | $315K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9154 | +7.912% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]