Funding you earn now, next payment 01:00 UTC−0.0524%/8h= −57.4% APRnext payment −$0.66 per $10,000 · paid last 24h −0.123%
Price spread now: ApeX Omni against Coinbase International−0.740%75s7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as 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−$800.803% of the position
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 3 days (all we have)+0.703%+$70 · spread now −0.740%, 7d avg −0.078%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and ApeX Omni is 0.663% cheaper against Coinbase International than usual: you would sell low and buy high (−$66 if the spread goes back to its 7-day average of −0.078%). Swap the legs. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.097% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.66 per $10,000. 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 | Coinbase International INJ-PERP-INTX | 7.8350 | 0.0624 | pay 0.0078% / 1h | 26m 16s | $383K | $602K | 50x |
| Short | ApeX Omni INJUSDT | 7.7770 | 0.0100 | get 0.0013% / 1h | 26m 16s | $47K | $281K | 50x |
Coinbase International INJ-PERP-INTX
ApeX Omni INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Coinbase International. 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
- −$110.04
- Price spread: −0.740% → −0.078%
- −$66.26
- Slippage, 4 orders
- −$60.28
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$256.58
- Costs to cover
- 0.803%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 42 min ago; ApeX Omni: live order book, 41 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 Coinbase International live order book, 42 min ago | 10.20 bp | 27.9 bp −$28 | 69.7 bp −$697 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 41 min ago | 7.65 bp | 14.3 bp −$14 | 112.2 bp −$1,122 | doesn't fit | doesn't fit |
INJ on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.8308 | −0.054% | — | — | 20x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8300 | −0.064% | $3K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0025% | 1h | 7.8207 | −0.183% | $81K | $17K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8328 | −0.028% | $71K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8299 | −0.065% | $149K | $424K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8383 | +0.042% | $35.6M | $91.6M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8343 | −0.009% | $22.1M | $31.0M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8350 | 0.000% | $6.4M | $19.1M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.8300 | −0.064% | $2.8M | $4.9M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8330 | −0.026% | $9.4M | $16.5M | 50x | as long as short |
Reya INJRUSDPERP
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Aevo INJ-PERP
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTMShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget INJUSDT | +0.0100% | 8h | 7.8330 | −0.026% | $14.4M | $10.2M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8292 | −0.074% | $275K | $152K | — | as long as short |
| ApeX Omni INJUSDTshort | +0.0100% | 1h | 7.7770 | −0.740% | $47K | $281K | 50x | |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8340 | −0.013% | $35K | $80K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8345 | −0.006% | $116K | $365K | 10x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0248% | 1h | 7.8361 | +0.014% | $6K | $24K | 25x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0269% / S −0.0198% | 1h | 7.8296 | −0.069% | $30K | — | 100x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8350 | 0.000% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8360 | +0.013% | $31.7M | $21.3M | 300x | as long as short |
| Hyperliquid INJ | +0.0372% | 1h | 7.8415 | +0.083% | $26.4M | $8.8M | 5x | as long as short |
| Kraken Futures PF_INJUSD | +0.0404% | 1h | 7.8373 | +0.029% | $880K | $3.0M | 50x | as long as short |
| Coinbase International INJ-PERP-INTXlong | +0.0624% | 1h | 7.8350 | long leg | $383K | $602K | 50x | |
| Injective INJ/USDC PERP | +0.1354% | 1h | 7.8140 | −0.268% | $326K | $12.1M | 30x | as long as short |
Bitget INJUSDT
Variational Omni INJ
Orderly PERP_INJ_USDC
Extended INJ-USD
Deribit INJ_USDC-PERPETUAL
GMX INJ/USD [WBTC.b-USDC]
BingX INJ-USDT
MEXC INJ_USDT
Hyperliquid INJ
Kraken Futures PF_INJUSD
Injective INJ/USDC PERP