Funding you earn now, next payment 00:00 UTC−0.0171%/8h= −18.7% APRnext payment −$1.71 per $10,000 · paid last 24h −0.060%
Price spread now: Bybit against BingX−0.128%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$500.504% of the position
Funding, last 7 days−0.207%−$21 on $10k
+Price spread, last 7 days+0.125%+$13 · spread now −0.128%, 7d avg −0.013%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.115% cheaper against BingX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX INJ-USDT | 7.7980 | 0.0271 | pay 0.0271% / 8h | 1h 17m | — | $21.4M | — |
| Short | Bybit INJUSDT | 7.7880 | 0.0100 | get 0.0100% / 8h | 1h 17m | $21.6M | $31.6M | 50x |
BingX INJ-USDT
Bybit INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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
- −$35.91
- Price spread: −0.128% → −0.013%
- −$11.53
- Slippage, 4 orders
- −$29.38
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$97.81
- Costs to cover
- 0.504%
- Break-even
- never at this rate
Slippage from BingX: live order book, 1 min ago; Bybit: live order book, 2 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 BingX live order book, 1 min ago | 0.64 bp | 6.9 bp −$7 | 9.5 bp −$95 | 15.6 bp −$1,560 | 57.8 bp −$28.9K |
| Sell Bybit live order book, 2 min ago | 0.64 bp | 22.7 bp −$23 | 45.4 bp −$454 | 141.7 bp −$14.2K | 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 | 7.7955 | −0.032% | — | — | 20x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8015 | +0.045% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8008 | +0.036% | $3K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0009% | 1h | 7.8110 | +0.167% | $90K | $8K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7989 | +0.011% | $70K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0099% | 8h | 7.8010 | +0.038% | $38K | $63K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0099% | 1h | 7.8006 | +0.033% | $872K | $3.0M | 50x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8050 | +0.090% | $156K | $440K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7940 | −0.051% | $35.6M | $93.8M | 75x | as long as short |
| Bybit INJUSDTshort | +0.0100% | 8h | 7.7880 | −0.128% | $21.6M | $31.6M | 50x |
Reya INJRUSDPERP
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Kraken Futures PF_INJUSD
Aster INJUSDT
Binance INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7900 | −0.103% | $6.4M | $20.1M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7980 | 0.000% | $2.8M | $5.0M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7980 | 0.000% | $9.5M | $16.5M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7960 | −0.026% | $14.3M | $10.7M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8005 | +0.032% | $275K | $157K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8160 | +0.231% | $48K | $349K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7925 | −0.071% | $118K | $460K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7960 | −0.026% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDTlong | +0.0271% | 8h | 7.7980 | long leg | — | $21.4M | — | |
| MEXC INJ_USDT | +0.0285% | 8h | 7.7980 | 0.000% | $31.8M | $23.1M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0355% / S −0.0418% | 1h | 7.8000 | +0.026% | $46K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0640% | 1h | 7.8340 | +0.462% | $384K | $715K | 50x | as long as short |
| Hyperliquid INJ | +0.0654% | 1h | 7.8046 | +0.085% | $26.5M | $9.5M | 5x | as long as short |
| Injective INJ/USDC PERP | +0.1367% | 1h | 7.8280 | +0.385% | $320K | $12.1M | 30x | as long as short |
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Hyperliquid INJ
Injective INJ/USDC PERP