Funding you earn now, next payment 00:00 UTC+0.0870%/8h= +95.3% APRpaid last 24h +0.131%
Price spread now: Coinbase International against Bybit+0.311%7-day average +0.179% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$940.945% of the position
Funding, last 7 days+0.122%+$12 on $10k
+Price spread, last 3 days (all we have)−0.253%−$25 · spread now +0.311%, 7d avg +0.179%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Coinbase International is 0.131% dearer against Bybit than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.179%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.122% in total (about 6.4% a year). A funding rate is set anew for every payment. 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 | Bybit INJUSDT | 7.8576 | −0.0238 | get 0.0238% / 8h | 7h 39m | $22.0M | $31.5M | 50x |
| Short | Coinbase International INJ-PERP-INTX | 7.8820 | 0.0632 | get 0.0079% / 1h | 39m 26s | $386K | $661K | 50x |
Bybit INJUSDT
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $182.69
- Price spread: +0.311% → +0.179%
- $13.11
- Slippage, 4 orders
- −$73.49
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $101.31
- Costs to cover
- 0.945%
- Break-even
- 3.1 days
Slippage from Bybit: live order book, 4 min ago; Coinbase International: live order book, 34 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, 4 min ago | 0.64 bp | 22.1 bp −$22 | 43.9 bp −$439 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 34 min ago | 9.56 bp | 24.9 bp −$25 | 63.3 bp −$633 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDTlong | −0.0238% | 8h | 7.8576 | long leg | $22.0M | $31.5M | 50x | |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.8608 | +0.041% | — | — | 20x | as long as short |
| Deribit INJ_USDC-PERPETUAL | −0.0170% | 1h | 7.8585 | +0.011% | $6K | $24K | 25x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8523 | −0.067% | $91K | $8K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8615 | +0.050% | $3K | — | 150x | as long as short |
| Gate INJ_USDT | +0.0079% | 8h | 7.8550 | −0.033% | $2.8M | $4.9M | 50x | as long as short |
| Variational Omni INJ | +0.0084% | 8h | 7.8543 | −0.042% | $280K | $160K | — | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8568 | −0.010% | $71K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8580 | +0.005% | $38K | $66K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8645 | +0.088% | $150K | $443K | 20x | as long as short |
Reya INJRUSDPERP
Deribit INJ_USDC-PERPETUAL
dYdX INJ-USD
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 | 7.8640 | +0.081% | $35.8M | $93.7M | 75x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8570 | −0.008% | $6.4M | $19.9M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8590 | +0.018% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8630 | +0.069% | $14.5M | $10.4M | 75x | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8610 | +0.043% | $48K | $349K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8591 | +0.019% | $117K | $630K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0194% | 1h | 7.8621 | +0.057% | $888K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8620 | +0.056% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8570 | −0.008% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8650 | +0.094% | $31.8M | $22.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0356% / S −0.0418% | 1h | 7.8619 | +0.055% | $47K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0584% | 1h | 7.8735 | +0.202% | $26.6M | $9.1M | 5x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0632% | 1h | 7.8820 | +0.311% | $386K | $661K | 50x | |
| Injective INJ/USDC PERP | +0.1436% | 1h | 7.8930 | +0.451% | $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
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Injective INJ/USDC PERP