Funding you earn now, next payment 01:00 UTC+0.1712%/8h= +187.5% APRpaid last 24h +0.366%
Price spread now: Injective against Bybit+0.497%7-day average +0.260% · you sell dearer than you buy
Net, funding: paid 7d − costs+$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$960.958% of the position
Funding, last 7 days+1.802%+$180 on $10k
+Price spread, last 3 days (all we have)−0.089%−$9 · spread now +0.497%, 7d avg +0.260%
=Both sides work for this trade now. Funding pays +$51 a day on $10k at the current rate, and Injective is 0.236% dearer against Bybit than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.260%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit INJUSDT | 7.8540 | −0.0277 | get 0.0277% / 8h | 7h 40m | $22.0M | $31.5M | 50x |
| Short | Injective INJ/USDC PERP | 7.8930 | 0.1436 | get 0.0179% / 1h | 40m 44s | $329K | $12.1M | 30x |
Bybit INJUSDT
Injective INJ/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $359.61
- Price spread: +0.497% → +0.260%
- $23.64
- Slippage, 4 orders
- −$84.82
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $287.41
- Costs to cover
- 0.958%
- Break-even
- 1.4 days
Slippage from Bybit: live order book, 3 min ago; Injective: 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 | 0.64 bp | 22.1 bp −$22 | 43.9 bp −$439 | doesn't fit | doesn't fit |
| Sell Injective live order book, 3 min ago | 25.36 bp | 25.4 bp −$25 | 45.5 bp −$455 | 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 | −0.0277% | 8h | 7.8540 | long leg | $22.0M | $31.5M | 50x | |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.8516 | −0.031% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8523 | −0.022% | $91K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8621 | +0.103% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8600 | +0.076% | $3K | — | 150x | as long as short |
| Gate INJ_USDT | +0.0036% | 8h | 7.8530 | −0.013% | $2.8M | $4.9M | 50x | as long as short |
| Variational Omni INJ | +0.0084% | 8h | 7.8543 | +0.004% | $280K | $160K | — | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8578 | +0.049% | $71K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8600 | +0.076% | $38K | $66K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8595 | +0.070% | $150K | $443K | 20x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
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 | 7.8544 | +0.005% | $35.8M | $93.7M | 75x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8540 | 0.000% | $6.4M | $19.9M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8500 | −0.051% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8530 | −0.013% | $14.5M | $10.3M | 75x | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8550 | +0.013% | $48K | $349K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8574 | +0.043% | $119K | $619K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0194% | 1h | 7.8630 | +0.114% | $889K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8620 | +0.102% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8540 | 0.000% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8540 | 0.000% | $31.7M | $22.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0356% / S −0.0418% | 1h | 7.8573 | +0.042% | $47K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0585% | 1h | 7.8640 | +0.127% | $26.5M | $9.2M | 5x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.8820 | +0.357% | $386K | $661K | 50x | as long as short |
| Injective INJ/USDC PERPshort | +0.1436% | 1h | 7.8930 | +0.497% | $329K | $12.1M | 30x |
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
Coinbase International INJ-PERP-INTX