Funding you earn now, next payment 00:00 UTC+0.1027%/8h= +112.5% APRpaid last 24h +0.290%
Price spread now: Injective against BingX+0.560%57s7-day average +0.236% · you sell dearer than you buy
Net, funding: paid 7d − costs+$96as 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−$660.659% of the position
Funding, last 7 days+1.616%+$162 on $10k
+Price spread, last 3 days (all we have)−0.178%−$18 · spread now +0.560%, 7d avg +0.236%
=Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Injective is 0.324% dearer against BingX than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.236%. The two prices were read 57 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 | BingX INJ-USDT | 7.8600 | 0.0271 | pay 0.0271% / 8h | 28m 17s | — | $21.5M | — |
| Short | Injective INJ/USDC PERP | 7.9040 | 0.1298 | get 0.0162% / 1h | 28m 17s | $330K | $12.1M | 30x |
BingX INJ-USDT
Injective INJ/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $215.75
- Price spread: +0.560% → +0.236%
- $32.41
- Slippage, 4 orders
- −$55.83
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $182.31
- Costs to cover
- 0.659%
- Break-even
- 1.1 days
Slippage from BingX: live order book, 10 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 BingX live order book, 10 min ago | 0.64 bp | 5.6 bp −$6 | 8.6 bp −$86 | 18.1 bp −$1,807 | 65.7 bp −$32.9K |
| Sell Injective live order book, 1 min ago | 26.66 bp | 26.7 bp −$27 | 46.8 bp −$468 | 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 | 7.8571 | −0.037% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8673 | +0.093% | $91K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8635 | +0.045% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8616 | +0.020% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8601 | +0.002% | $71K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0099% | 8h | 7.8620 | +0.025% | $38K | $66K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8663 | +0.080% | $150K | $449K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8624 | +0.031% | $35.7M | $95.0M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8566 | −0.043% | $22.1M | $32.1M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8580 | −0.025% | $6.4M | $20.2M | 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 | 7.8570 | −0.038% | $2.8M | $5.1M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8610 | +0.013% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8570 | −0.038% | $14.5M | $10.5M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8696 | +0.122% | $280K | $160K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8800 | +0.254% | $48K | $348K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8610 | +0.013% | $120K | $460K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0203% | 1h | 7.8673 | +0.092% | $904K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8620 | +0.025% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDTlong | +0.0271% | 8h | 7.8600 | long leg | — | $21.5M | — | |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8620 | +0.025% | $31.9M | $22.7M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0356% / S −0.0418% | 1h | 7.8598 | −0.003% | $47K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0540% | 1h | 7.8713 | +0.144% | $26.6M | $9.6M | 5x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.8930 | +0.420% | $386K | $719K | 50x | as long as short |
| Injective INJ/USDC PERPshort | +0.1298% | 1h | 7.9040 | +0.560% | $330K | $12.1M | 30x |
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
Coinbase International INJ-PERP-INTX