Funding you earn now, next payment 08:00 UTC−0.0458%/8h= −50.1% APRnext payment −$4.58 per $10,000 · paid last 24h −0.060%
Price spread now: Bybit against BloFin+0.024%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$700.703% of the position
Funding, last 7 days−0.221%−$22 on $10k
+Price spread, last 3 days (all we have)−0.173%−$17 · spread now +0.024%, 7d avg −0.030%
=The price spread pays, funding is against you. Bybit is 0.054% dearer against BloFin than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of −0.030%): +$5 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.221% in total) that is about 41 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.221% in total (about -11.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.58 per $10,000. 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 | BloFin INJ-USDT | 7.8550 | 0.0220 | pay 0.0220% / 8h | 7h 39m | $1.8M | $7.7M | 75x |
| Short | Bybit INJUSDT | 7.8569 | −0.0238 | pay 0.0238% / 8h | 7h 39m | $22.0M | $31.5M | 50x |
BloFin INJ-USDT
Bybit INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$96.17
- Price spread: +0.024% → −0.030%
- $5.41
- Slippage, 4 orders
- −$47.32
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$161.08
- Costs to cover
- 0.703%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago | 2.54 bp | 13.8 bp −$14 | 32.0 bp −$320 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.64 bp | 22.3 bp −$22 | 46.9 bp −$469 | 143.1 bp −$14.3K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDTshort | −0.0238% | 8h | 7.8569 | +0.024% | $22.0M | $31.5M | 50x | |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.8608 | +0.074% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8523 | −0.034% | $91K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8618 | +0.087% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8615 | +0.083% | $3K | — | 150x | as long as short |
| Gate INJ_USDT | +0.0079% | 8h | 7.8580 | +0.038% | $2.8M | $4.9M | 50x | as long as short |
| Variational Omni INJ | +0.0084% | 8h | 7.8543 | −0.009% | $280K | $160K | — | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8597 | +0.060% | $71K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8610 | +0.076% | $38K | $66K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8682 | +0.169% | $150K | $443K | 20x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Gate INJ_USDT
Variational Omni INJ
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance INJUSDT | +0.0100% | 8h | 7.8622 | +0.092% | $35.8M | $93.7M | 75x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8570 | +0.025% | $6.4M | $19.9M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8590 | +0.051% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8610 | +0.076% | $14.5M | $10.4M | 75x | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8610 | +0.076% | $48K | $349K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8637 | +0.111% | $119K | $633K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0194% | 1h | 7.8624 | +0.094% | $889K | $3.0M | 50x | as long as short |
| BloFin INJ-USDTlong | +0.0220% | 8h | 7.8550 | long leg | $1.8M | $7.7M | 75x | |
| BingX INJ-USDT | +0.0271% | 8h | 7.8630 | +0.102% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8650 | +0.127% | $31.8M | $22.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0356% / S −0.0418% | 1h | 7.8619 | +0.088% | $47K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0584% | 1h | 7.8735 | +0.236% | $26.6M | $9.1M | 5x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.8820 | +0.344% | $386K | $659K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1436% | 1h | 7.8900 | +0.446% | $329K | $12.1M | 30x | as long as short |
Binance INJUSDT
OKX INJ-USDT-SWAP
KuCoin INJUSDTM
Bitget INJUSDT
ApeX Omni INJUSDT
Extended INJ-USD
Kraken Futures PF_INJUSD
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP