Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.060%
Price spread now: BloFin against Bybit+0.204%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$490.490% of the position
Funding, last 7 days+0.221%+$22 on $10k
+Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.204%, 7d avg +0.012%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.192% dearer against Bybit than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit INJUSDT | 7.6434 | 0.0100 | pay 0.0100% / 8h | 3h 30m | $21.3M | $31.6M | 50x |
| Short | BloFin INJ-USDT | 7.6590 | 0.0220 | get 0.0220% / 8h | 3h 30m | $1.6M | $5.8M | 75x |
Bybit INJUSDT
BloFin INJ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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: +0.204% → +0.012%
- $19.23
- Slippage, 4 orders
- −$26.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$4.59
- Costs to cover
- 0.490%
- Break-even
- 8.3 days
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 3 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 Bybit live order book, 3 min ago | 0.65 bp | 12.1 bp −$12 | 30.7 bp −$307 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.65 bp | 8.2 bp −$8 | 27.4 bp −$274 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INJUSD | −0.0231% | 1h | 7.6576 | +0.186% | $789K | $3.4M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.6517 | +0.108% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.6553 | +0.156% | $79K | $17K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.6616 | +0.238% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.6578 | +0.188% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6608 | +0.228% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6580 | +0.191% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.6476 | +0.055% | $25.8M | $8.8M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.6488 | +0.071% | $141K | $417K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.6491 | +0.075% | $33.5M | $96.2M | 75x | as long as short |
Kraken Futures PF_INJUSD
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
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 INJUSDTlong | +0.0100% | 8h | 7.6434 | long leg | $21.3M | $31.6M | 50x | |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.6410 | −0.031% | $6.2M | $18.8M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.6450 | +0.021% | $2.7M | $5.2M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6460 | +0.034% | $9.5M | $17.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6370 | −0.084% | $14.0M | $10.2M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6552 | +0.154% | $269K | $144K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.6530 | +0.126% | $46K | $271K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6483 | +0.064% | $113K | $359K | 10x | as long as short |
| BloFin INJ-USDTshort | +0.0220% | 8h | 7.6590 | +0.204% | $1.6M | $5.8M | 75x | |
| BingX INJ-USDT | +0.0248% | 8h | 7.6470 | +0.047% | — | $21.0M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.6520 | +0.113% | $30.1M | $21.4M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0268% / S −0.0198% | 1h | 7.6586 | +0.199% | $29K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0552% | 1h | 7.6670 | +0.309% | $371K | $619K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1172% | 1h | 7.6790 | +0.466% | $320K | $12.1M | 30x | as long as short |
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP