Settings8H · net · $10k
Funding arb · Price arb /

INJ

all INJ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%
Price spread now: ApeX Omni against Bybit−0.194%59s7-day average +0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$560.559% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.032%+$3 on $10k
Price spread, last 4 days (all we have)+0.297%+$30 · spread now −0.194%, 7d avg +0.093%
Together, before fees+0.329%+$33 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.287% cheaper against Bybit than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of +0.093%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit INJUSDT7.72200.0100pay 0.0100% / 8h4h 46m$21.9M$30.3M50x
ShortApeX Omni INJUSDT7.70700.0100get 0.0013% / 1h46m 35s$46K$270K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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

Funding earned
$0
Price spread: −0.194% → +0.093%
−$28.72
Slippage, 4 orders
−$34.88
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$84.6
Costs to cover
0.559%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; ApeX Omni: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago0.65 bp13.8 bp −$1430.7 bp −$307doesn't fitdoesn't fit
Sell ApeX Omni live order book, 11 min ago5.81 bp13.2 bp −$13106.5 bp −$1,065doesn't fitdoesn't fit

INJ on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya INJRUSDPERP−0.0200%1h7.7157−0.081%20xas long as short
dYdX INJ-USD0.0000%1h7.7180−0.051%$80K$17K5xas long as short
Deribit INJ_USDC-PERPETUAL0.0000%1h7.7143−0.100%$6K$24K25xas long as short
gTrade (Gains Network) INJ/USDL +0.0006% / S −0.0002%1h7.7129−0.118%$3K150xas long as short
Aevo INJ-PERP+0.0096%1h7.7097−0.159%$70K3xas long as short
Aster INJUSDT+0.0100%8h7.7180−0.052%$148K$403K20xas long as short
Binance INJUSDT+0.0100%8h7.7250+0.039%$35.1M$89.8M75xas long as short
Bybit INJUSDTlong+0.0100%8h7.7220long leg$21.9M$30.3M50x
OKX INJ-USDT-SWAP+0.0100%8h7.72200.000%$6.3M$18.3M50xas long as short
Gate INJ_USDT+0.0100%8h7.7210−0.013%$2.7M$4.9M50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin INJUSDTM+0.0100%8h7.7240+0.026%$9.6M$16.5M50xas long as short
Bitget INJUSDT+0.0100%8h7.7180−0.052%$14.2M$9.8M75xas long as short
Variational Omni INJ+0.0100%8h7.7112−0.141%$271K$149Kas long as short
ApeX Omni INJUSDTshort+0.0100%1h7.7070−0.194%$46K$270K50x
Orderly PERP_INJ_USDC+0.0100%8h7.7120−0.130%$34K$92K10xas long as short
Extended INJ-USD+0.0104%1h7.7228+0.011%$116K$367K10xas long as short
BloFin INJ-USDT+0.0220%8h7.7160−0.078%$1.7M$5.8M75xas long as short
Hyperliquid INJ+0.0228%1h7.7289+0.089%$26.0M$8.6M5xas long as short
GMX INJ/USD [WBTC.b-USDC]L +0.0269% / S −0.0198%1h7.7116−0.135%$29K100xas long as short
BingX INJ-USDT+0.0271%8h7.7240+0.026%$21.1Mas long as short
MEXC INJ_USDT+0.0285%8h7.7280+0.078%$31.9M$20.4M300xas long as short
Kraken Futures PF_INJUSD+0.0319%1h7.7148−0.093%$858K$2.9M50xas long as short
Coinbase International INJ-PERP-INTX+0.0688%1h7.72200.000%$379K$569K50xas long as short
Injective INJ/USDC PERP+0.1333%1h7.7490+0.350%$323K$12.1M30xas long as short