Funding you earn now, next payment 04:00 UTC+0.1233%/8h= +135.0% APRpaid last 24h +0.354%
Price spread now: Injective against Binance+0.423%77s7-day average +0.217% · you sell dearer than you buy
Net, funding: paid 7d − costs+$111as 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−$730.728% of the position
Funding, last 7 days+1.837%+$184 on $10k
+Price spread, last 4 days (all we have)+0.035%+$3 · spread now +0.423%, 7d avg +0.217%
=Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Injective is 0.206% dearer against Binance than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.217%. The two prices were read 77 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 | Binance INJUSDT | 7.5620 | 0.0100 | pay 0.0100% / 8h | 4h 28m | $33.3M | $96.5M | 75x |
| Short | Injective INJ/USDC PERP | 7.5940 | 0.1333 | get 0.0167% / 1h | 28m 01s | $317K | $12.1M | 30x |
Binance INJUSDT
Injective INJ/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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
- $258.99
- Price spread: +0.423% → +0.217%
- $20.58
- Slippage, 4 orders
- −$62.8
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $206.75
- Costs to cover
- 0.728%
- Break-even
- 1.4 days
Slippage from Binance: live order book, 15 min ago; Injective: live order book, 1 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 Binance live order book, 15 min ago | 0.66 bp | 8.8 bp −$9 | 16.6 bp −$166 | 54.3 bp −$5,431 | doesn't fit |
| Sell Injective live order book, 1 min ago | 27.09 bp | 27.1 bp −$27 | 46.9 bp −$469 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.5598 | −0.029% | — | — | 20x | as long as short |
| Deribit INJ_USDC-PERPETUAL | −0.0015% | 1h | 7.5582 | −0.050% | $6K | $24K | 25x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5650 | +0.040% | $78K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.5602 | −0.024% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.5531 | −0.117% | $68K | — | 3x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.5646 | +0.034% | $25.6M | $8.9M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.5600 | −0.026% | $140K | $421K | 20x | as long as short |
| Binance INJUSDTlong | +0.0100% | 8h | 7.5620 | long leg | $33.3M | $96.5M | 75x | |
| Bybit INJUSDT | +0.0100% | 8h | 7.5610 | −0.013% | $21.0M | $32.0M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.5600 | −0.026% | $6.1M | $19.2M | 50x | as long as short |
Reya INJRUSDPERP
Deribit INJ_USDC-PERPETUAL
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Hyperliquid INJ
Aster INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate INJ_USDT | +0.0100% | 8h | 7.5560 | −0.079% | $2.7M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.5530 | −0.119% | $9.4M | $17.4M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.5570 | −0.066% | $13.9M | $10.6M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5582 | −0.051% | $266K | $151K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.5690 | +0.093% | $45K | $271K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.5550 | −0.093% | $34K | $94K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.5609 | −0.014% | $112K | $366K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.5550 | −0.093% | $1.7M | $5.9M | 75x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0267% / S −0.0198% | 1h | 7.5611 | −0.012% | $29K | — | 100x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.5580 | −0.053% | — | $21.2M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.5630 | +0.013% | $29.9M | $21.3M | 300x | as long as short |
| Kraken Futures PF_INJUSD | +0.0326% | 1h | 7.5573 | −0.062% | $822K | $3.4M | 50x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0688% | 1h | 7.5850 | +0.304% | $373K | $605K | 50x | as long as short |
| Injective INJ/USDC PERPshort | +0.1333% | 1h | 7.5940 | +0.423% | $317K | $12.1M | 30x |
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
BloFin INJ-USDT
GMX INJ/USD [WBTC.b-USDC]
BingX INJ-USDT
MEXC INJ_USDT
Kraken Futures PF_INJUSD
Coinbase International INJ-PERP-INTX