Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.006%
Price spread now: Hyperliquid against Injective−3.659%93s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.150%−$15 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
Funding pays, the price is against you. Hyperliquid is 3.659% cheaper against Injective than usual: you would sell low and buy high (spread −3.659% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$366 on $10k: about 6 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.150%, so the current rate has only just turned in your favour. The two prices were read 93 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 S/USDC PERP | 0.04100 | 0.0033 | pay 0.0004% / 1h | 59m 48s | $2K | $37K | 12x |
| Short | Hyperliquid S | 0.03950 | 0.0100 | get 0.0013% / 1h | 59m 48s | $987K | $583K | 5x |
Injective S/USDC PERP
Hyperliquid SFunding 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: −3.659% → 0.000%
- −$365.85
- 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
- −$360.87
- Costs to cover
- 0.090%
- Break-even
- 187.4 days
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 10 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, 10 min ago | 0.63 bp | 22.2 bp −$22 | 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.
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −0.5928% | 1h | 0.03950 | −3.659% | $24K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2589% | 1h | 0.03942 | −3.842% | $33K | $13K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1376% | 1h | 0.03928 | −4.195% | $47K | $16K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.03947 | −3.734% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03945 | −3.790% | $4 | — | 15x | as long as short |
| Variational Omni S | −0.0043% | 4h | 0.03942 | −3.846% | $612K | $30K | — | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03949 | −3.683% | $609 | — | 150x | as long as short |
| Injective S/USDC PERPlong | +0.0033% | 1h | 0.04100 | long leg | $2K | $37K | 12x | |
| Orderly PERP_S_USDC | +0.0073% | 4h | 0.03946 | −3.756% | $98K | $274K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.03949 | −3.683% | $165K | $158K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Variational Omni S
gTrade (Gains Network) S/USD
Orderly PERP_S_USDC
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid Sshort | +0.0100% | 1h | 0.03950 | −3.659% | $987K | $583K | 5x | |
| Aster SUSDT | +0.0100% | 4h | 0.03950 | −3.669% | $44K | $132K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03950 | −3.659% | $5.4M | $14.0M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03944 | −3.805% | $5.6M | $4.6M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03950 | −3.659% | $996K | $3.8M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03944 | −3.805% | $322K | $199K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03947 | −3.732% | $3.6M | $1.8M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03948 | −3.707% | $1.8M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03951 | −3.634% | $1.2M | $2.2M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03948 | −3.707% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03970 | −3.171% | $24K | $460K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03946 | −3.746% | $222K | $1.1M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03962 | −3.366% | $271K | $99K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0763% | 1h | 0.03951 | −3.634% | $66K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.1144% | 1h | 0.03960 | −3.415% | $115K | $421K | 5x | as long as short |
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP