Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.048%
Price spread now: Hyperliquid against Injective+1.806%53s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 1.806% dearer against Injective than usual: you sell high and buy low: +$181 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 SPX/USDC PERP | 0.4979 | 0.0033 | pay 0.0004% / 1h | 22m 13s | $9 | $4K | 5.5x |
| Short | Hyperliquid SPX | 0.5069 | 0.0100 | get 0.0013% / 1h | 22m 13s | $10.3M | $7.9M | 5x |
Injective SPX/USDC PERP
Hyperliquid SPXFunding 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: +1.806% → 0.000%
- $180.56
- 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
- $185.54
- Costs to cover
- 0.090%
- Break-even
- from the start
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 | 5.53 bp | 20.9 bp −$21 | 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.
SPX 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SPX/USDC PERPlong | +0.0033% | 1h | 0.4979 | long leg | $9 | $4K | 5.5x | |
| Lighter SPX | +0.0096% | 1h | 0.5077 | +1.972% | $138K | $380K | 5x | as long as short |
| Hyperliquid SPXshort | +0.0100% | 1h | 0.5069 | +1.806% | $10.3M | $7.9M | 5x | |
| Aster SPXUSDT | +0.0100% | 4h | 0.5070 | +1.822% | $135K | $130K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5078 | +1.986% | $5.0M | $22.5M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5072 | +1.868% | $11.6M | $17.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5076 | +1.948% | $935K | $3.1M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5062 | +1.667% | $1.0M | $606K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5075 | +1.928% | $11.8M | $5.2M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5071 | +1.848% | $3.7M | $5.4M | 50x | as long as short |
Lighter SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPXUSDT | +0.0100% | 4h | 0.5076 | +1.948% | $2.6M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5067 | +1.767% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5032 | +1.058% | $927K | $1.5M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5042 | +1.265% | $26K | $255K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5059 | +1.607% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5077 | +1.971% | $33K | $252K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0169% | 4h | 0.5075 | +1.928% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5047 | +1.366% | $248K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.1446% | 1h | 0.5084 | +2.106% | $248K | $538K | 20x | as long as short |
Bitget SPXUSDT
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Orderly PERP_SPX_USDC
BloFin SPX-USDT
Kraken Futures PF_SPXUSD