Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%

Price spread now: Bitget against ApeX Omni+0.117%73s7-day average −0.135% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.498% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 3 days (all we have)−0.243%−$24 · spread now +0.117%, 7d avg −0.135%

Together, before fees−0.260%−$26 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.252% dearer against ApeX Omni than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.135%. 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	ApeX Omni INJUSDT	7.7040	0.0100	pay 0.0013% / 1h	44m 18s	$47K	$347K	50x
Short	Bitget INJUSDT	7.7130	0.0100	get 0.0100% / 8h	2h 44m	$14.1M	$10.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. 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 ApeX OmnibpFee BitgetbpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → −0.135%: $25.23
Slippage, 4 orders: −$27.77
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$24.54
Costs to cover: 0.498%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 43 min ago; Bitget: live order book, 4 min ago.

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 ApeX Omni live order book, 43 min ago	5.16 bp	10.4 bp −$10	99.6 bp −$996	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.65 bp	12.9 bp −$13	20.6 bp −$206	94.1 bp −$9,409	doesn't fit

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	7.7109	+0.090%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.7119	+0.103%	$89K	$10K	5x	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.7190	+0.195%	$7K	$23K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.7172	+0.171%	$3K	—	150x	as long as short
Variational Omni INJ	+0.0065%	8h	7.6965	−0.097%	$269K	$155K	—	as long as short
Kraken Futures PF_INJUSD	+0.0078%	1h	7.7165	+0.163%	$891K	$3.1M	50x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.7086	+0.060%	$70K	$13K	3x	as long as short
Orderly PERP_INJ_USDC	+0.0096%	8h	7.7180	+0.182%	$38K	$65K	10x	as long as short
Aster INJUSDT	+0.0100%	8h	7.7206	+0.215%	$152K	$440K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.7189	+0.194%	$35.2M	$94.8M	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	7.7110	+0.091%	$21.4M	$31.8M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.7090	+0.065%	$6.3M	$20.3M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.7120	+0.104%	$2.7M	$5.0M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.7150	+0.143%	$9.4M	$16.1M	50x	as long as short
Bitget INJUSDTshort	+0.0100%	8h	7.7130	+0.117%	$14.1M	$10.9M	75x
ApeX Omni INJUSDTlong	+0.0100%	1h	7.7040	long leg	$47K	$347K	50x
Extended INJ-USD	+0.0104%	1h	7.7161	+0.157%	$117K	$460K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.7050	+0.013%	$1.8M	$7.7M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.7140	+0.130%	—	$21.4M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.7200	+0.208%	$32.1M	$23.4M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0389% / S −0.0466%	1h	7.7164	+0.161%	$47K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0688%	1h	7.7240	+0.260%	$382K	$689K	50x	as long as short
Hyperliquid INJ	+0.0724%	1h	7.7328	+0.374%	$26.2M	$9.0M	5x	as long as short
Injective INJ/USDC PERP	+0.1499%	1h	7.7380	+0.441%	$317K	$12.1M	30x	as long as short