Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%

Price spread now: ApeX Omni against Bitget−0.026%63s7-day average +0.137% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as 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−$460.461% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 3 days (all we have)+0.098%+$10 · spread now −0.026%, 7d avg +0.137%

Together, before fees+0.115%+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.163% cheaper against Bitget than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.137%. The two prices were read 63 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	Bitget INJUSDT	7.8050	0.0100	pay 0.0100% / 8h	1h 42m	$14.4M	$10.8M	75x
Short	ApeX Omni INJUSDT	7.8030	0.0100	get 0.0013% / 1h	42m 34s	$48K	$348K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → +0.137%: −$16.27
Slippage, 4 orders: −$24.15
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$62.41
Costs to cover: 0.461%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; ApeX Omni: live order book, 40 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 Bitget live order book, 1 min ago	1.92 bp	12.4 bp −$12	14.9 bp −$149	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 40 min ago	5.14 bp	10.9 bp −$11	109.3 bp −$1,093	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	7.8049	−0.001%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.8081	+0.040%	$90K	$8K	5x	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.8117	+0.086%	$7K	$23K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.8100	+0.064%	$3K	—	150x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.8093	+0.055%	$71K	$13K	3x	as long as short
Orderly PERP_INJ_USDC	+0.0098%	8h	7.8110	+0.077%	$38K	$63K	10x	as long as short
Kraken Futures PF_INJUSD	+0.0099%	1h	7.8159	+0.140%	$885K	$3.1M	50x	as long as short
Aster INJUSDT	+0.0100%	8h	7.8091	+0.052%	$156K	$440K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.8101	+0.066%	$35.7M	$94.3M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.8018	−0.041%	$21.6M	$31.8M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX INJ-USDT-SWAP	+0.0100%	8h	7.8040	−0.013%	$6.4M	$20.2M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.8050	0.000%	$2.8M	$5.0M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.8080	+0.038%	$9.5M	$16.3M	50x	as long as short
Bitget INJUSDTlong	+0.0100%	8h	7.8050	long leg	$14.4M	$10.8M	75x
Variational Omni INJ	+0.0100%	8h	7.7888	−0.208%	$272K	$157K	—	as long as short
ApeX Omni INJUSDTshort	+0.0100%	1h	7.8030	−0.026%	$48K	$348K	50x
Extended INJ-USD	+0.0104%	1h	7.8084	+0.043%	$118K	$460K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.8190	+0.179%	$1.8M	$7.7M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.8050	0.000%	—	$21.4M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.8080	+0.038%	$31.9M	$22.8M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0354% / S −0.0418%	1h	7.8099	+0.063%	$46K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0640%	1h	7.8250	+0.256%	$383K	$714K	50x	as long as short
Hyperliquid INJ	+0.0935%	1h	7.8192	+0.182%	$26.7M	$9.6M	5x	as long as short
Injective INJ/USDC PERP	+0.1367%	1h	7.8430	+0.487%	$321K	$12.1M	30x	as long as short