Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.029%

Price spread now: dYdX against Bitget+0.023%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

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. dYdX is 0.023% dearer against Bitget than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget INJUSDT	7.5810	0.0100	pay 0.0100% / 8h	4h 00m	$13.9M	$10.6M	75x
Short	dYdX INJ-USD	7.5828	0	get 0.0000% / 1h	0m 56s	$78K	$17K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$21
Price spread: +0.023% → 0.000%: $2.35
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$40.65
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; dYdX: 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 Bitget live order book, 3 min ago	2.64 bp	14.9 bp −$15	25.6 bp −$256	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	7.5795	−0.020%	—	—	20x	as long as short
dYdX INJ-USDshort	0.0000%	1h	7.5828	+0.023%	$78K	$17K	5x
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.5832	+0.029%	$6K	$24K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.5839	+0.039%	$3K	—	150x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.5805	−0.007%	$68K	—	3x	as long as short
Hyperliquid INJ	+0.0100%	1h	7.5884	+0.098%	$25.7M	$8.9M	5x	as long as short
Aster INJUSDT	+0.0100%	8h	7.5801	−0.012%	$139K	$421K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.5852	+0.056%	$33.4M	$97.3M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.5840	+0.040%	$21.1M	$32.2M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.5820	+0.013%	$6.1M	$19.4M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate INJ_USDT	+0.0100%	8h	7.5840	+0.040%	$2.7M	$5.3M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.5790	−0.026%	$9.4M	$17.6M	50x	as long as short
Bitget INJUSDTlong	+0.0100%	8h	7.5810	long leg	$13.9M	$10.6M	75x
Variational Omni INJ	+0.0100%	8h	7.5852	+0.055%	$267K	$151K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.5760	−0.066%	$45K	$271K	50x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.5820	+0.013%	$34K	$94K	10x	as long as short
Extended INJ-USD	+0.0104%	1h	7.5799	−0.015%	$113K	$364K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.5850	+0.053%	$1.6M	$5.9M	75x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0267% / S −0.0198%	1h	7.5803	−0.009%	$29K	—	100x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.5840	+0.040%	—	$21.3M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.5850	+0.053%	$29.8M	$21.4M	300x	as long as short
Kraken Futures PF_INJUSD	+0.0324%	1h	7.5846	+0.048%	$805K	$3.5M	50x	as long as short
Coinbase International INJ-PERP-INTX	+0.0688%	1h	7.5980	+0.224%	$371K	$613K	50x	as long as short
Injective INJ/USDC PERP	+0.1333%	1h	7.6100	+0.383%	$317K	$12.1M	30x	as long as short