Funding you earn now, next payment 05:00 UTC+0.0380%/8h= +41.6% APRnext payment +$0.48 per $10,000 · paid last 24h +0.137%
Price spread now: Coinbase International against ApeX Omni+0.278%75s7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as 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−$850.847% of the position
Funding, last 7 days+0.115%+$11 on $10k
+Price spread, last 4 days (all we have)−0.234%−$23 · spread now +0.278%, 7d avg +0.084%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Coinbase International is 0.195% dearer against ApeX Omni than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.084%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.115% in total (about 6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni INJUSDT | 7.5410 | 0.0100 | pay 0.0013% / 1h | 56m 05s | $45K | $270K | 50x |
| Short | Coinbase International INJ-PERP-INTX | 7.5620 | 0.0480 | get 0.0060% / 1h | 56m 05s | $364K | $620K | 50x |
ApeX Omni INJUSDT
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $79.8
- Price spread: +0.278% → +0.084%
- $19.49
- Slippage, 4 orders
- −$64.72
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $14.56
- Costs to cover
- 0.847%
- Break-even
- 5.7 days
Slippage from ApeX Omni: live order book, 56 min ago; Coinbase International: live order book, 57 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, 56 min ago | 5.92 bp | 11.8 bp −$12 | 97.2 bp −$972 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 57 min ago | 12.48 bp | 31.4 bp −$31 | 73.7 bp −$737 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INJUSD | −0.0214% | 1h | 7.5676 | +0.353% | $768K | $3.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.5548 | +0.183% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5691 | +0.373% | $78K | $17K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.5678 | +0.355% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0027% | 1h | 7.5640 | +0.305% | $16K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.5669 | +0.343% | $68K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.5680 | +0.358% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.5682 | +0.360% | $25.5M | $8.7M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.5617 | +0.275% | $138K | $418K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.5625 | +0.285% | $33.0M | $96.9M | 75x | as long as short |
Kraken Futures PF_INJUSD
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Hyperliquid INJ
Aster INJUSDT
Binance INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | +0.0100% | 8h | 7.5587 | +0.235% | $20.9M | $31.8M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.5600 | +0.252% | $6.2M | $18.6M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.5570 | +0.212% | $2.6M | $5.2M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.5650 | +0.318% | $9.4M | $17.8M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.5590 | +0.239% | $13.8M | $10.2M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5432 | +0.029% | $267K | $146K | — | as long as short |
| ApeX Omni INJUSDTlong | +0.0100% | 1h | 7.5410 | long leg | $45K | $270K | 50x | |
| Extended INJ-USD | +0.0104% | 1h | 7.5637 | +0.301% | $112K | $560K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.5750 | +0.451% | $1.6M | $5.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.5580 | +0.225% | — | $20.9M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.5630 | +0.292% | $29.9M | $20.0M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0267% / S −0.0198% | 1h | 7.5656 | +0.327% | $29K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0480% | 1h | 7.5620 | +0.278% | $364K | $620K | 50x | |
| Injective INJ/USDC PERP | +0.1029% | 1h | 7.5740 | +0.438% | $316K | $12.1M | 30x | as long as short |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Injective INJ/USDC PERP