Funding you earn now, next payment 23:00 UTC+0.0361%/8h= +39.5% APRpaid last 24h +0.064%
Price spread now: Coinbase International against BingX+0.179%7-day average +0.154% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$620.621% of the position
Funding, last 7 days−0.072%−$7 on $10k
+Price spread, last 3 days (all we have)−0.156%−$16 · spread now +0.179%, 7d avg +0.154%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Coinbase International is 0.025% dearer against BingX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.154%. Mind the row above: over the last 7 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.072% in total (about -3.8% a year). A funding rate is set anew for every payment. 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 | BingX INJ-USDT | 7.8370 | 0.0271 | pay 0.0271% / 8h | 6m 31s | — | $21.6M | — |
| Short | Coinbase International INJ-PERP-INTX | 7.8510 | 0.0632 | get 0.0079% / 1h | 6m 31s | $384K | $716K | 50x |
BingX INJ-USDT
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $75.81
- Price spread: +0.179% → +0.154%
- $2.48
- Slippage, 4 orders
- −$42.11
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $16.18
- Costs to cover
- 0.621%
- Break-even
- 5.5 days
Slippage from BingX: live order book, 7 min ago; Coinbase International: live order book, 7 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, 7 min ago | 0.64 bp | 5.6 bp −$6 | 7.8 bp −$78 | 16.9 bp −$1,693 | 59.6 bp −$29.8K |
| Sell Coinbase International live order book, 7 min ago | 9.56 bp | 24.9 bp −$25 | 63.3 bp −$633 | 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 | 7.8292 | −0.100% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8375 | +0.006% | $90K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8351 | −0.024% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8321 | −0.063% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8349 | −0.027% | $71K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0099% | 8h | 7.8310 | −0.077% | $38K | $66K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8414 | +0.056% | $150K | $443K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8390 | +0.026% | $35.7M | $94.9M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8325 | −0.057% | $22.0M | $32.0M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8330 | −0.051% | $6.4M | $20.1M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance 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 | 7.8330 | −0.051% | $2.8M | $5.1M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8370 | 0.000% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8310 | −0.077% | $14.5M | $10.5M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8304 | −0.085% | $279K | $160K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8390 | +0.026% | $48K | $348K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8376 | +0.008% | $119K | $460K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0204% | 1h | 7.8421 | +0.065% | $890K | $3.1M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8380 | +0.013% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDTlong | +0.0271% | 8h | 7.8370 | long leg | — | $21.6M | — | |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8380 | +0.013% | $31.7M | $22.8M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0355% / S −0.0418% | 1h | 7.8326 | −0.057% | $46K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0568% | 1h | 7.8485 | +0.147% | $26.5M | $9.3M | 5x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0632% | 1h | 7.8510 | +0.179% | $384K | $716K | 50x | |
| Injective INJ/USDC PERP | +0.1298% | 1h | 7.8720 | +0.447% | $328K | $12.1M | 30x | as long as short |
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
Kraken Futures PF_INJUSD
BloFin INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Injective INJ/USDC PERP