Settings8H · net · $10k
Funding arb · Price arb /

INJ

all INJ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%
Price spread now: ApeX Omni against Binance+0.500%49s7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$450.449% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.049%+$5 on $10k
Price spread, last 4 days (all we have)−0.391%−$39 · spread now +0.500%, 7d avg +0.047%
Together, before fees−0.342%−$34 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: ApeX Omni is 0.452% dearer against Binance than usual: you sell high and buy low, +$45 on $10k if it goes back to its 7-day average of +0.047%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance INJUSDT7.54630.0100pay 0.0100% / 8h3h 56m$33.2M$97.6M75x
ShortApeX Omni INJUSDT7.58400.0100get 0.0013% / 1h56m 43s$46K$271K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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

Funding earned
$0
Price spread: +0.500% → +0.047%
$45.21
Slippage, 4 orders
−$24.89
Fee Binance: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$0.32
Costs to cover
0.449%
Break-even
from the start
Slippage from Binance: live order book, 1 min ago; ApeX Omni: live order book, 60 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 1 min ago0.66 bp8.0 bp −$822.9 bp −$229112.6 bp −$11.3Kdoesn't fit
Sell ApeX Omni live order book, 60 min ago5.81 bp13.2 bp −$13106.5 bp −$1,065doesn't fitdoesn't fit

INJ on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_INJUSD−0.0235%1h7.5501+0.051%$801K$3.5M50xas long as short
Reya INJRUSDPERP−0.0200%1h7.5548+0.112%20xas long as short
Deribit INJ_USDC-PERPETUAL−0.0041%1h7.5482+0.025%$6K$24K25xas long as short
dYdX INJ-USD0.0000%1h7.5502+0.052%$78K$17K5xas long as short
gTrade (Gains Network) INJ/USDL +0.0006% / S −0.0002%1h7.5550+0.115%$3K150xas long as short
Aevo INJ-PERP+0.0096%1h7.5454−0.013%$68K3xas long as short
Hyperliquid INJ+0.0100%1h7.5578+0.152%$25.5M$9.0M5xas long as short
Aster INJUSDT+0.0100%8h7.5500+0.049%$139K$421K20xas long as short
Binance INJUSDTlong+0.0100%8h7.5463long leg$33.2M$97.6M75x
Bybit INJUSDT+0.0100%8h7.5439−0.032%$21.0M$32.3M50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX INJ-USDT-SWAP+0.0100%8h7.5450−0.017%$6.1M$19.3M50xas long as short
Gate INJ_USDT+0.0100%8h7.5430−0.044%$2.7M$5.2M50xas long as short
KuCoin INJUSDTM+0.0100%8h7.5440−0.031%$9.3M$17.6M50xas long as short
Bitget INJUSDT+0.0100%8h7.5440−0.031%$13.8M$10.5M75xas long as short
Variational Omni INJ+0.0100%8h7.5852+0.515%$267K$151Kas long as short
ApeX Omni INJUSDTshort+0.0100%1h7.5840+0.500%$46K$271K50x
Orderly PERP_INJ_USDC+0.0100%8h7.5480+0.023%$34K$94K10xas long as short
Extended INJ-USD+0.0104%1h7.5451−0.016%$112K$364K10xas long as short
BloFin INJ-USDT+0.0220%8h7.5430−0.044%$1.6M$5.9M75xas long as short
MEXC INJ_USDT+0.0261%8h7.5500+0.049%$29.8M$21.3M300xas long as short
GMX INJ/USD [WBTC.b-USDC]L +0.0267% / S −0.0198%1h7.5538+0.100%$29K100xas long as short
BingX INJ-USDT+0.0271%8h7.5460−0.004%$21.2Mas long as short
Coinbase International INJ-PERP-INTX+0.0552%1h7.5600+0.182%$367K$614K50xas long as short
Injective INJ/USDC PERP+0.1172%1h7.6120+0.871%$317K$12.1M30xas long as short