WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.051%

Price spread now: Injective against Hyperliquid−0.457%93s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Injective

What this pair did over the last

the charts below follow

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.457% cheaper against Hyperliquid than usual: you would sell low and buy high (−$46 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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	Hyperliquid WIF	0.2406	0.0100	pay 0.0013% / 1h	33m 50s	$7.5M	$4.0M	5x
Short	Injective WIF/USDC PERP	0.2395	0.0033	get 0.0004% / 1h	33m 50s	$10K	$10K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee InjectivebpOrdersPrice spread, now −0.457%Rate

Funding earned: −$14
Price spread: −0.457% → 0.000%: −$45.72
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$68.74
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 8 min ago; Injective: no order-book sample. 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 Hyperliquid live order book, 8 min ago	1.66 bp	12.7 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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.

WIF on 32 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
Backpack WIF_USDC_PERP	−0.0282%	1h	0.2400	−0.266%	$76K	$239K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0167%	1h	0.2400	−0.249%	$47K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0094%	4h	0.2400	−0.249%	$4.2M	$11.4M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2402	−0.180%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2400	−0.264%	$15K	—	150x	as long as short
Injective WIF/USDC PERPshort	+0.0033%	1h	0.2395	−0.457%	$10K	$10K	12x
Orderly PERP_WIF_USDC	+0.0092%	4h	0.2400	−0.249%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2402	−0.150%	$135K	$549K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2397	−0.374%	$53K	$483K	20x	as long as short
Hyperliquid WIFlong	+0.0100%	1h	0.2406	long leg	$7.5M	$4.0M	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2401	−0.221%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2401	−0.191%	$76K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2402	−0.164%	$17.9M	$100.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2401	−0.208%	$16.7M	$35.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2403	−0.125%	$6.0M	$31.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2402	−0.166%	$1.2M	$6.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2402	−0.166%	$21.5M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2404	−0.083%	$7.4M	$11.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2402	−0.166%	—	$65.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2405	−0.032%	$71K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2405	−0.042%	$273K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2415	+0.374%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2394	−0.499%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2401	−0.229%	$554	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2397	−0.374%	$166K	$718K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2403	−0.143%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2400	−0.261%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0204% / S −0.1131%	1h	0.2399	−0.311%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2400	−0.249%	$316K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2403	−0.125%	$973K	$705K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0376%	1h	0.2404	−0.088%	$627K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2396	−0.406%	$0	—	15x	as long as short