Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.043%

Price spread now: Deribit against Aster+0.029%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.029% dearer against Aster than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster INJUSDT	7.8778	0.0100	pay 0.0100% / 8h	31m 28s	$151K	$449K	20x
Short	Deribit INJ_USDC-PERPETUAL	7.8801	0	get 0.0000% / 1h	31m 28s	$7K	$23K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aster. 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 AsterbpFee DeribitbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$21
Price spread: +0.029% → 0.000%: $2.94
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$33.06
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 46 min ago; Deribit: 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 Aster live order book, 46 min ago	5.13 bp	12.5 bp −$13	79.0 bp −$790	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	7.8716	−0.079%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.8744	−0.043%	$91K	$8K	5x	as long as short
Deribit INJ_USDC-PERPETUALshort	0.0000%	1h	7.8801	+0.029%	$7K	$23K	25x
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.8779	+0.002%	$3K	—	150x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.8731	−0.059%	$71K	$13K	3x	as long as short
Orderly PERP_INJ_USDC	+0.0099%	8h	7.8790	+0.015%	$37K	$65K	10x	as long as short
Aster INJUSDTlong	+0.0100%	8h	7.8778	long leg	$151K	$449K	20x
Binance INJUSDT	+0.0100%	8h	7.8780	+0.003%	$35.8M	$95.0M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.8716	−0.079%	$22.2M	$32.2M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.8720	−0.073%	$6.4M	$20.2M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate INJ_USDT	+0.0100%	8h	7.8730	−0.061%	$2.8M	$5.1M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.8750	−0.035%	$9.5M	$16.6M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.8720	−0.073%	$14.5M	$10.5M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.8666	−0.142%	$280K	$160K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.8800	+0.028%	$48K	$348K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.8763	−0.019%	$120K	$460K	10x	as long as short
Kraken Futures PF_INJUSD	+0.0203%	1h	7.8793	+0.019%	$906K	$3.0M	50x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.8830	+0.066%	$1.8M	$7.7M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.8760	−0.023%	—	$21.6M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.8780	+0.003%	$31.9M	$22.7M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0356% / S −0.0418%	1h	7.8769	−0.011%	$47K	—	100x	as long as short
Hyperliquid INJ	+0.0540%	1h	7.8865	+0.111%	$26.6M	$9.6M	5x	as long as short
Coinbase International INJ-PERP-INTX	+0.0632%	1h	7.8930	+0.193%	$386K	$719K	50x	as long as short
Injective INJ/USDC PERP	+0.1298%	1h	7.8730	−0.061%	$328K	$12.1M	30x	as long as short