Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.184%
Price spread now: Hyperliquid against Injective−0.905%73s7-day average +0.055% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.610%+$61 on $10k
+Price spread, last 4 days (all we have)+1.045%+$104 · spread now −0.905%, 7d avg +0.055%
=Together, before fees+1.654%+ Points / potential airdropHyperliquid: Season 2 · farm board+$165 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.960% cheaper against Injective than usual: you would sell low and buy high (spread −0.905% now, against its 7-day average of +0.055%). If the spread goes back, that is −$96 on $10k: about 48 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.610% in total) that is about 11 days. The two prices were read 73 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 SKY/USDC PERP | 0.06893 | 0.0033 | pay 0.0004% / 1h | 20m 04s | $376 | $303K | 12x |
| Short | Hyperliquid SKY | 0.06831 | 0.0100 | get 0.0013% / 1h | 20m 04s | $2.8M | $898K | 3x |
Injective SKY/USDC PERP
Hyperliquid SKYFunding 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: −0.905% → +0.055%
- −$96
- 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
- −$91.02
- Costs to cover
- 0.090%
- Break-even
- 52.5 days
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 1 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, 1 min ago | 2.78 bp | 16.1 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.
SKY on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SKY/USDC PERPlong | +0.0033% | 1h | 0.06893 | long leg | $376 | $303K | 12x | |
| Variational Omni SKY | +0.0039% | 4h | 0.06800 | −1.345% | $182K | $113K | — | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06822 | −1.029% | $178K | $119K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06821 | −1.041% | $71K | $34K | 5x | as long as short |
| Hyperliquid SKYshort | +0.0100% | 1h | 0.06831 | −0.905% | $2.8M | $898K | 3x | |
| Aster SKYUSDT | +0.0100% | 4h | 0.06828 | −0.950% | $42K | $42K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06829 | −0.928% | $15.5M | $11.1M | 75x | as long as short |
| Bybit SKYUSDT | +0.0100% | 4h | 0.06822 | −1.030% | $7.1M | $3.1M | 25x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06816 | −1.117% | $802K | $1.1M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06814 | −1.146% | $580K | $292K | 50x | as long as short |
Variational Omni SKY
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
Bybit SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.06827 | −0.957% | $997K | $267K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06813 | −1.161% | $399K | $292K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06826 | −0.972% | $2.8M | $1.5M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06825 | −0.987% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06798 | −1.378% | $27K | $648K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06821 | −1.042% | $1K | $3K | 10x | as long as short |
| BloFin SKY-USDT | +0.0157% | 4h | 0.06796 | −1.407% | $575K | $29K | 75x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0521% / S −0.0248% | 1h | 0.06825 | −0.985% | $81K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
GMX SKY/USD [ETH-USDC]