Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.043%

Price spread now: BloFin against Aevo−0.065%7-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 BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.264%+$26 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.065% cheaper against Aevo than usual: you would sell low and buy high (spread −0.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 42 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo INJ-PERP	7.7850	0.0096	pay 0.0012% / 1h	33m 06s	$70K	$13K	3x
Short	BloFin INJ-USDT	7.7800	0.0220	get 0.0220% / 8h	1h 33m	$1.8M	$7.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpOrdersPrice spread, now −0.065%Rate

Funding earned: $26.04
Price spread: −0.065% → 0.000%: −$6.48
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$8.44
Costs to cover: 0.280%
Break-even: 9.3 days

Slippage unknown: Aevo: no order-book sample; BloFin: live order book, 6 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 BloFin live order book, 6 min ago	1.92 bp	12.2 bp −$12	28.7 bp −$287	doesn't fit	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
Reya INJRUSDPERP	−0.0200%	1h	7.7830	−0.026%	—	—	20x	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.7890	+0.051%	$7K	$23K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.7859	+0.012%	$3K	—	150x	as long as short
dYdX INJ-USD	+0.0015%	1h	7.7885	+0.044%	$90K	$7K	5x	as long as short
Aevo INJ-PERPlong	+0.0096%	1h	7.7850	long leg	$70K	$13K	3x
Orderly PERP_INJ_USDC	+0.0098%	8h	7.7870	+0.025%	$38K	$63K	10x	as long as short
Kraken Futures PF_INJUSD	+0.0099%	1h	7.7860	+0.012%	$872K	$3.1M	50x	as long as short
Aster INJUSDT	+0.0100%	8h	7.7906	+0.072%	$156K	$440K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.7817	−0.043%	$35.6M	$94.3M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.7740	−0.142%	$21.6M	$31.6M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX INJ-USDT-SWAP	+0.0100%	8h	7.7760	−0.116%	$6.4M	$20.0M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.7830	−0.026%	$2.8M	$5.0M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.7860	+0.012%	$9.5M	$16.4M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.7800	−0.065%	$14.3M	$10.9M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.7746	−0.134%	$272K	$157K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.7850	−0.001%	$48K	$348K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.7798	−0.067%	$118K	$460K	10x	as long as short
BloFin INJ-USDTshort	+0.0220%	8h	7.7800	−0.065%	$1.8M	$7.7M	75x
BingX INJ-USDT	+0.0271%	8h	7.7860	+0.012%	—	$21.4M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.7820	−0.039%	$31.6M	$22.9M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0354% / S −0.0418%	1h	7.7866	+0.020%	$46K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0640%	1h	7.8270	+0.539%	$383K	$714K	50x	as long as short
Hyperliquid INJ	+0.0782%	1h	7.7920	+0.089%	$26.5M	$9.6M	5x	as long as short
Injective INJ/USDC PERP	+0.1367%	1h	7.8100	+0.321%	$320K	$12.1M	30x	as long as short