Funding you earn now, next payment 08:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.41 per $10,000 · paid last 24h +0.010%
Price spread now: MEXC against BloFin+0.355%94s7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$350.352% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 4 days (all we have)−0.487%−$49 · spread now +0.355%, 7d avg +0.037%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.318% dearer against BloFin than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.037%. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin INJ-USDT | 7.6130 | 0.0220 | pay 0.0220% / 8h | 2h 13m | $1.6M | $5.7M | 75x |
| Short | MEXC INJ_USDT | 7.6400 | 0.0261 | get 0.0261% / 8h | 2h 13m | $30.0M | $20.2M | 300x |
BloFin INJ-USDT
MEXC INJ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $8.61
- Price spread: +0.355% → +0.037%
- $31.81
- Slippage, 4 orders
- −$23.19
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $5.23
- Costs to cover
- 0.352%
- Break-even
- 2.7 days
Slippage from BloFin: live order book, 5 min ago; MEXC: 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 | 3.94 bp | 11.8 bp −$12 | 28.7 bp −$287 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.66 bp | 5.1 bp −$5 | 14.6 bp −$146 | 60.8 bp −$6,076 | 124.3 bp −$62.1K |
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 | −0.0212% | 1h | 7.6358 | +0.299% | $786K | $3.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.6268 | +0.181% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.6339 | +0.274% | $79K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0016% | 1h | 7.6321 | +0.251% | $18K | — | 150x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0078% | 1h | 7.6349 | +0.288% | $6K | $24K | 25x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6375 | +0.322% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6330 | +0.263% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.6433 | +0.398% | $25.7M | $8.7M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.6360 | +0.301% | $138K | $420K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.6373 | +0.319% | $33.4M | $97.6M | 75x | as long as short |
Kraken Futures PF_INJUSD
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Deribit INJ_USDC-PERPETUAL
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 | 7.6340 | +0.276% | $21.0M | $31.7M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.6380 | +0.328% | $6.2M | $19.0M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.6330 | +0.263% | $2.7M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6300 | +0.223% | $8.5M | $18.2M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6320 | +0.250% | $14.0M | $10.4M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6002 | −0.168% | $271K | $148K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.5940 | −0.250% | $45K | $270K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6361 | +0.303% | $113K | $563K | 10x | as long as short |
| BloFin INJ-USDTlong | +0.0220% | 8h | 7.6130 | long leg | $1.6M | $5.7M | 75x | |
| BingX INJ-USDT | +0.0248% | 8h | 7.6390 | +0.342% | — | $20.7M | — | as long as short |
| MEXC INJ_USDTshort | +0.0261% | 8h | 7.6400 | +0.355% | $30.0M | $20.2M | 300x | |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0268% / S −0.0198% | 1h | 7.6313 | +0.240% | $29K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0480% | 1h | 7.6450 | +0.420% | $372K | $660K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1029% | 1h | 7.6260 | +0.171% | $318K | $12.1M | 30x | as long as short |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BingX INJ-USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP