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+0.723%73s7-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 0.723% dearer against Injective than usual: you sell high and buy low: +$72 more if the spread goes back to zero (this spread has no 7-day history yet). 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 SUSHI/USDC PERP | 0.2545 | 0.0033 | pay 0.0004% / 1h | 50m 11s | $16 | $18K | 5.5x |
| Short | Hyperliquid SUSHI | 0.2563 | 0.0100 | get 0.0013% / 1h | 50m 11s | $358K | $406K | 3x |
Injective SUSHI/USDC PERP
Hyperliquid SUSHIFunding 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: +0.723% → 0.000%
- $72.3
- 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
- $77.28
- 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 | 5.48 bp | 19.8 bp −$20 | 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.
SUSHI on 15 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_SUSHIUSD | −0.0012% | 1h | 0.2564 | +0.729% | $770K | $68K | 20x | as long as short |
| Injective SUSHI/USDC PERPlong | +0.0033% | 1h | 0.2545 | long leg | $16 | $18K | 5.5x | |
| BloFin SUSHI-USDT | +0.0072% | 8h | 0.2557 | +0.472% | $215K | $66K | 75x | as long as short |
| Bitget SUSHIUSDT | +0.0077% | 8h | 0.2564 | +0.747% | $1.0M | $687K | 50x | as long as short |
| Hyperliquid SUSHIshort | +0.0100% | 1h | 0.2563 | +0.723% | $358K | $406K | 3x | |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2565 | +0.774% | $23K | $17K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2560 | +0.589% | $3.9M | $8.9M | 75x | as long as short |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2561 | +0.621% | $2.6M | $2.5M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2563 | +0.707% | $1.7M | $3.1M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2563 | +0.707% | $567K | $295K | 50x | as long as short |
Kraken Futures PF_SUSHIUSD
BloFin SUSHI-USDT
Bitget SUSHIUSDT
Aster SUSHIUSDT
Binance SUSHIUSDT
Bybit SUSHIUSDT
OKX SUSHI-USDT-SWAP
Gate SUSHI_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SUSHI_USDT | +0.0100% | 8h | 0.2560 | +0.589% | $1.3M | $299K | 75x | as long as short |
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2565 | +0.786% | $1.2M | $230K | 50x | as long as short |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2563 | +0.707% | — | $2.5M | — | as long as short |
| Variational Omni SUSHI | +0.0100% | 8h | 0.2560 | +0.596% | $41K | $14K | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2569 | +0.943% | $87K | $53K | 75x | as long as short |
MEXC SUSHI_USDT
KuCoin SUSHIUSDTM
BingX SUSHI-USDT
Variational Omni SUSHI
HTX SUSHI-USDT