Funding arb · Price arb /

INJ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.011%

Price spread now: Bitget against Aevo−0.095%52s7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.095% cheaper against Aevo than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	Aevo INJ-PERP	7.5301	0.0096	pay 0.0012% / 1h	41m 29s	$68K	—	3x
Short	Bitget INJUSDT	7.5230	0.0100	get 0.0100% / 8h	2h 41m	$13.8M	$10.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aevo. 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 AevobpFee BitgetbpOrdersPrice spread, now −0.095%Rate

Funding earned: $0.84
Price spread: −0.095% → 0.000%: −$9.46
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$36.62
Costs to cover: 0.280%
Break-even: 312.2 days

Slippage unknown: Aevo: no order-book sample; Bitget: live order book, 2 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 Aevo no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	1.99 bp	12.6 bp −$13	18.6 bp −$186	107.4 bp −$10.7K	doesn't fit

Aevo: 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.

INJ on 24 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_INJUSD	−0.0215%	1h	7.5362	+0.081%	$764K	$3.5M	50x	as long as short
Reya INJRUSDPERP	−0.0200%	1h	7.5269	−0.043%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.5325	+0.032%	$78K	$17K	5x	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.5303	+0.002%	$6K	$24K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0007% / S −0.0027%	1h	7.5250	−0.068%	$16K	—	150x	as long as short
Aevo INJ-PERPlong	+0.0096%	1h	7.5301	long leg	$68K	—	3x
Orderly PERP_INJ_USDC	+0.0100%	8h	7.5290	−0.015%	$34K	$94K	10x	as long as short
Hyperliquid INJ	+0.0100%	1h	7.5297	−0.006%	$25.3M	$8.7M	5x	as long as short
Aster INJUSDT	+0.0100%	8h	7.5304	+0.003%	$138K	$418K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.5240	−0.081%	$32.8M	$97.2M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit INJUSDT	+0.0100%	8h	7.5207	−0.125%	$20.8M	$31.6M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.5230	−0.095%	$6.1M	$18.5M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.5280	−0.028%	$2.6M	$5.2M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.5210	−0.121%	$9.4M	$17.9M	50x	as long as short
Bitget INJUSDTshort	+0.0100%	8h	7.5230	−0.095%	$13.8M	$10.3M	75x
Variational Omni INJ	+0.0100%	8h	7.5592	+0.386%	$270K	$149K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.5380	+0.105%	$45K	$270K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.5291	−0.014%	$112K	$562K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.5340	+0.051%	$1.6M	$5.6M	75x	as long as short
BingX INJ-USDT	+0.0248%	8h	7.5280	−0.028%	—	$20.8M	—	as long as short
MEXC INJ_USDT	+0.0261%	8h	7.5250	−0.068%	$29.8M	$20.0M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0267% / S −0.0198%	1h	7.5247	−0.072%	$29K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0480%	1h	7.5480	+0.237%	$370K	$634K	50x	as long as short
Injective INJ/USDC PERP	+0.1029%	1h	7.5790	+0.649%	$316K	$12.1M	30x	as long as short