Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Binance against BloFin−0.047%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$480.478% of the position
Funding, last 7 days−0.238%−$24 on $10k
+Price spread, last 4 days (all we have)−0.377%−$38 · spread now −0.047%, 7d avg +0.020%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.067% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.020%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin INJ-USDT | 7.8210 | 0.0220 | pay 0.0220% / 8h | 5h 14m | $1.7M | $6.4M | 75x |
| Short | Binance INJUSDT | 7.8173 | 0.0100 | get 0.0100% / 8h | 5h 14m | $35.4M | $89.9M | 75x |
BloFin INJ-USDT
Binance INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$25.2
- Price spread: −0.047% → +0.020%
- −$6.72
- Slippage, 4 orders
- −$25.77
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$79.69
- Costs to cover
- 0.478%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Binance: live order book, 13 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 BloFin live order book, 4 min ago | 6.37 bp | 13.0 bp −$13 | 26.5 bp −$265 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.64 bp | 8.8 bp −$9 | 26.2 bp −$262 | 114.2 bp −$11.4K | 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 | 7.8219 | +0.012% | — | — | 20x | as long as short |
| dYdX INJ-USD | +0.0003% | 1h | 7.8164 | −0.058% | $81K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8210 | +0.001% | $3K | — | 150x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0070% | 1h | 7.8256 | +0.059% | $6K | $24K | 25x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8120 | −0.116% | $71K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8200 | −0.013% | $149K | $413K | 20x | as long as short |
| Binance INJUSDTshort | +0.0100% | 8h | 7.8173 | −0.047% | $35.4M | $89.9M | 75x | |
| Bybit INJUSDT | +0.0100% | 8h | 7.8158 | −0.066% | $22.1M | $30.3M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8130 | −0.102% | $6.4M | $18.5M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.8130 | −0.102% | $2.8M | $4.9M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Deribit INJ_USDC-PERPETUAL
Aevo INJ-PERP
Aster INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8170 | −0.051% | $9.6M | $16.4M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8150 | −0.077% | $14.3M | $9.7M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8320 | +0.140% | $275K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8410 | +0.256% | $47K | $271K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8240 | +0.038% | $35K | $92K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8153 | −0.073% | $117K | $367K | 10x | as long as short |
| BloFin INJ-USDTlong | +0.0220% | 8h | 7.8210 | long leg | $1.7M | $6.4M | 75x | |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0269% / S −0.0198% | 1h | 7.8226 | +0.020% | $30K | — | 100x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8170 | −0.051% | — | $21.1M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8180 | −0.038% | $32.1M | $20.9M | 300x | as long as short |
| Hyperliquid INJ | +0.0321% | 1h | 7.8259 | +0.063% | $26.3M | $8.6M | 5x | as long as short |
| Kraken Futures PF_INJUSD | +0.0437% | 1h | 7.8259 | +0.062% | $865K | $3.0M | 50x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0640% | 1h | 7.8600 | +0.499% | $386K | $578K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1331% | 1h | 7.8610 | +0.511% | $328K | $12.1M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
GMX INJ/USD [WBTC.b-USDC]
BingX INJ-USDT
MEXC INJ_USDT
Hyperliquid INJ
Kraken Futures PF_INJUSD
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP