Funding arb · Price arb /

INJ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0471%/8h= −51.5% APRpaid last 24h —

Price spread now: Reya against BingX+0.176%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 Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.176% dearer against BingX than usual: you sell high and buy low (spread +0.176% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX INJ-USDT	7.8310	0.0271	pay 0.0271% / 8h	6h 25m	—	$21.4M	—
Short	Reya INJRUSDPERP	7.8448	−0.0200	pay 0.0025% / 1h	25m 01s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ReyabpOrdersPrice spread, now +0.176%Rate

Funding earned: −$98.85
Price spread: +0.176% → 0.000%: $17.58
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$97.27
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: BingX: live order book, 8 min ago; Reya: 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	5.6 bp −$6	9.8 bp −$98	19.7 bp −$1,974	77.0 bp −$38.5K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 23 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 INJRUSDPERPshort	−0.0200%	1h	7.8448	+0.176%	—	—	20x
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.8460	+0.192%	$3K	—	150x	as long as short
dYdX INJ-USD	+0.0024%	1h	7.8272	−0.049%	$81K	$17K	5x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.8468	+0.202%	$71K	—	3x	as long as short
Aster INJUSDT	+0.0100%	8h	7.8364	+0.069%	$149K	$424K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.8341	+0.040%	$35.5M	$91.7M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.8330	+0.026%	$22.1M	$31.0M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.8300	−0.013%	$6.3M	$19.0M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.8370	+0.077%	$2.8M	$4.9M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.8340	+0.038%	$9.4M	$16.5M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget INJUSDT	+0.0100%	8h	7.8280	−0.038%	$14.4M	$10.2M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.8292	−0.023%	$275K	$152K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.7770	−0.690%	$47K	$281K	50x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.8460	+0.192%	$35K	$80K	10x	as long as short
Extended INJ-USD	+0.0104%	1h	7.8310	0.000%	$116K	$365K	10x	as long as short
Deribit INJ_USDC-PERPETUAL	+0.0171%	1h	7.8473	+0.208%	$6K	$24K	25x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	7.8449	+0.177%	$30K	—	100x	as long as short
BingX INJ-USDTlong	+0.0271%	8h	7.8310	long leg	—	$21.4M	—
MEXC INJ_USDT	+0.0285%	8h	7.8350	+0.051%	$31.7M	$21.3M	300x	as long as short
Hyperliquid INJ	+0.0372%	1h	7.8469	+0.203%	$26.4M	$8.9M	5x	as long as short
Kraken Futures PF_INJUSD	+0.0403%	1h	7.8473	+0.208%	$877K	$3.0M	50x	as long as short
Coinbase International INJ-PERP-INTX	+0.0624%	1h	7.8430	+0.153%	$383K	$603K	50x	as long as short
Injective INJ/USDC PERP	+0.1354%	1h	7.8520	+0.268%	$327K	$12.1M	30x	as long as short