Funding you earn now, next payment 05:00 UTC+0.0380%/8h= +41.6% APRpaid last 24h +0.123%
Price spread now: Coinbase International against Bitget+0.346%7-day average +0.205% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$820.819% of the position
Funding, last 7 days+0.137%+$14 on $10k
+Price spread, last 4 days (all we have)−0.274%−$27 · spread now +0.346%, 7d avg +0.205%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Coinbase International is 0.140% dearer against Bitget than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.205%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.137% in total (about 7.1% 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 | Bitget INJUSDT | 7.5220 | 0.0100 | pay 0.0100% / 8h | 2h 41m | $13.8M | $10.3M | 75x |
| Short | Coinbase International INJ-PERP-INTX | 7.5480 | 0.0480 | get 0.0060% / 1h | 41m 20s | $370K | $634K | 50x |
Bitget INJUSDT
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bitget. 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
- $79.8
- Price spread: +0.346% → +0.205%
- $14.05
- Slippage, 4 orders
- −$59.9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $11.95
- Costs to cover
- 0.819%
- Break-even
- 6.0 days
Slippage from Bitget: live order book, 2 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 Bitget live order book, 2 min ago | 1.99 bp | 15.5 bp −$15 | 22.3 bp −$223 | 119.8 bp −$12.0K | doesn't fit |
| Sell Coinbase International live order book, 7 min ago | 8.58 bp | 21.0 bp −$21 | 53.7 bp −$537 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INJUSD | −0.0215% | 1h | 7.5277 | +0.075% | $762K | $3.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.5269 | +0.065% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5325 | +0.140% | $78K | $17K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.5257 | +0.049% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0027% | 1h | 7.5250 | +0.040% | $16K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.5207 | −0.017% | $68K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.5250 | +0.040% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.5297 | +0.102% | $25.3M | $8.7M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.5267 | +0.063% | $137K | $418K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.5237 | +0.023% | $32.7M | $97.2M | 75x | as long as short |
Kraken Futures PF_INJUSD
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Hyperliquid INJ
Aster INJUSDT
Binance INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | +0.0100% | 8h | 7.5250 | +0.040% | $20.8M | $31.6M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.5260 | +0.053% | $6.1M | $18.5M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.5230 | +0.013% | $2.6M | $5.2M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.5210 | −0.013% | $9.4M | $17.9M | 50x | as long as short |
| Bitget INJUSDTlong | +0.0100% | 8h | 7.5220 | long leg | $13.8M | $10.3M | 75x | |
| Variational Omni INJ | +0.0100% | 8h | 7.5592 | +0.494% | $270K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.5380 | +0.213% | $45K | $270K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.5248 | +0.038% | $112K | $562K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.5240 | +0.027% | $1.6M | $5.6M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.5250 | +0.040% | — | $20.8M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.5250 | +0.040% | $29.8M | $20.0M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0267% / S −0.0198% | 1h | 7.5247 | +0.036% | $29K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0480% | 1h | 7.5480 | +0.346% | $370K | $634K | 50x | |
| Injective INJ/USDC PERP | +0.1029% | 1h | 7.5610 | +0.518% | $315K | $12.1M | 30x | as long as short |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Injective INJ/USDC PERP