Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.061%

Price spread now: dYdX against BloFin+0.144%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.338%−$34 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 0.144% dearer against BloFin than usual: you sell high and buy low (spread +0.144% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin INJ-USDT	7.9760	0.0220	pay 0.0220% / 8h	47m 04s	$1.8M	$7.8M	75x
Short	dYdX INJ-USD	7.9875	0	get 0.0000% / 1h	47m 04s	$92K	$8K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee dYdXbpOrdersPrice spread, now +0.144%Rate

Funding earned: −$46.2
Price spread: +0.144% → 0.000%: $14.37
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$53.83
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 7 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 BloFin live order book, 7 min ago	6.94 bp	46.1 bp −$46	66.3 bp −$663	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	7.9845	+0.106%	—	—	20x	as long as short
Deribit INJ_USDC-PERPETUAL	−0.0177%	1h	7.9673	−0.109%	$7K	$23K	25x	as long as short
dYdX INJ-USDshort	0.0000%	1h	7.9875	+0.144%	$92K	$8K	5x
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.9686	−0.093%	$4K	—	150x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.9641	−0.149%	$72K	$13K	3x	as long as short
Orderly PERP_INJ_USDC	+0.0099%	8h	7.9660	−0.125%	$37K	$65K	10x	as long as short
Aster INJUSDT	+0.0100%	8h	7.9747	−0.016%	$160K	$440K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.9695	−0.081%	$36.4M	$94.4M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.9656	−0.130%	$22.5M	$32.1M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.9640	−0.150%	$6.5M	$20.4M	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	7.9630	−0.163%	$2.9M	$5.0M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.9640	−0.150%	$9.6M	$16.5M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.9630	−0.163%	$14.7M	$10.7M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.9455	−0.382%	$283K	$160K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.9590	−0.213%	$49K	$347K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.9689	−0.089%	$121K	$460K	10x	as long as short
Kraken Futures PF_INJUSD	+0.0200%	1h	7.9695	−0.081%	$888K	$3.0M	50x	as long as short
BloFin INJ-USDTlong	+0.0220%	8h	7.9760	long leg	$1.8M	$7.8M	75x
BingX INJ-USDT	+0.0271%	8h	7.9640	−0.150%	—	$21.5M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.9680	−0.100%	$32.4M	$22.6M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0358% / S −0.0418%	1h	7.9636	−0.156%	$47K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0632%	1h	7.9870	+0.138%	$392K	$728K	50x	as long as short
Hyperliquid INJ	+0.0657%	1h	7.9738	−0.028%	$27.0M	$9.6M	5x	as long as short
Injective INJ/USDC PERP	+0.1298%	1h	8.0100	+0.426%	$328K	$12.1M	30x	as long as short