Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0271%/8h= −29.7% APRpaid last 24h −0.077%

Price spread now: Deribit against BingX+0.117%7-day average — · you sell dearer than you buy

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

Long on BingX 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—needs both histories

The price spread pays, funding is against you. Deribit is 0.117% dearer against BingX than usual: you sell high and buy low (spread +0.117% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX INJ-USDT	7.7450	0.0271	pay 0.0271% / 8h	2h 35m	—	$21.4M	—
Short	Deribit INJ_USDC-PERPETUAL	7.7541	0	get 0.0000% / 1h	35m 03s	$7K	$23K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BingX. 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 BingXbpFee DeribitbpOrdersPrice spread, now +0.117%Rate

Funding earned: −$56.91
Price spread: +0.117% → 0.000%: $11.75
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$62.16
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 8 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 BingX live order book, 8 min ago	0.65 bp	6.2 bp −$6	9.1 bp −$91	14.5 bp −$1,454	61.8 bp −$30.9K
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	7.7425	−0.033%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.7519	+0.089%	$89K	$10K	5x	as long as short
Deribit INJ_USDC-PERPETUALshort	0.0000%	1h	7.7541	+0.117%	$7K	$23K	25x
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.7542	+0.119%	$3K	—	150x	as long as short
Variational Omni INJ	+0.0053%	8h	7.7437	−0.016%	$272K	$156K	—	as long as short
Kraken Futures PF_INJUSD	+0.0078%	1h	7.7544	+0.121%	$891K	$3.2M	50x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.7545	+0.123%	$70K	$13K	3x	as long as short
Orderly PERP_INJ_USDC	+0.0097%	8h	7.7540	+0.116%	$38K	$65K	10x	as long as short
Aster INJUSDT	+0.0100%	8h	7.7556	+0.137%	$153K	$441K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.7490	+0.052%	$35.3M	$94.8M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit INJUSDT	+0.0100%	8h	7.7440	−0.013%	$21.5M	$31.8M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.7450	0.000%	$6.4M	$20.3M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.7460	+0.013%	$2.7M	$5.0M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.7480	+0.039%	$9.4M	$16.1M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.7460	+0.013%	$14.2M	$10.9M	75x	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.7600	+0.194%	$47K	$347K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.7500	+0.064%	$117K	$460K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.7520	+0.090%	$1.8M	$7.8M	75x	as long as short
BingX INJ-USDTlong	+0.0271%	8h	7.7450	long leg	—	$21.4M	—
MEXC INJ_USDT	+0.0285%	8h	7.7500	+0.065%	$32.1M	$23.5M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0353% / S −0.0391%	1h	7.7519	+0.089%	$47K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0688%	1h	7.7610	+0.207%	$382K	$691K	50x	as long as short
Hyperliquid INJ	+0.0743%	1h	7.7592	+0.183%	$26.2M	$9.1M	5x	as long as short
Injective INJ/USDC PERP	+0.1499%	1h	7.7840	+0.504%	$319K	$12.1M	30x	as long as short