Funding you earn now, next payment 00:00 UTC−0.0532%/8h= −58.3% APRpaid last 24h −0.106%
Price spread now: Binance against Coinbase International−0.026%7-day average −0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$680.678% of the position
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 3 days (all we have)+0.010%+$1 · spread now −0.026%, 7d avg −0.131%
=The price spread pays, funding is against you. Binance is 0.105% dearer against Coinbase International than usual: you sell high and buy low (spread −0.026% now, against its 7-day average of −0.131%): +$11 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.140% in total) that is about 5.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.140% in total (about -7.3% 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 | Coinbase International INJ-PERP-INTX | 7.8240 | 0.0632 | pay 0.0079% / 1h | 16m 04s | $385K | $635K | 50x |
| Short | Binance INJUSDT | 7.8220 | 0.0100 | get 0.0100% / 8h | 7h 16m | $35.7M | $92.9M | 75x |
Coinbase International INJ-PERP-INTX
Binance INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$111.72
- Price spread: −0.026% → −0.131%
- $10.51
- Slippage, 4 orders
- −$47.78
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$168.99
- Costs to cover
- 0.678%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 57 min ago; Binance: live order book, 12 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, 57 min ago | 9.56 bp | 25.2 bp −$25 | 67.9 bp −$679 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.64 bp | 8.8 bp −$9 | 24.9 bp −$249 | 87.9 bp −$8,793 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.8096 | −0.185% | — | — | 20x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8094 | −0.186% | $3K | — | 150x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0006% | 1h | 7.8125 | −0.147% | $6K | $24K | 25x | as long as short |
| dYdX INJ-USD | +0.0019% | 1h | 7.7973 | −0.342% | $90K | $8K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8026 | −0.274% | $71K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8058 | −0.233% | $149K | $428K | 20x | as long as short |
| Binance INJUSDTshort | +0.0100% | 8h | 7.8220 | −0.026% | $35.7M | $92.9M | 75x | |
| Bybit INJUSDT | +0.0100% | 8h | 7.8171 | −0.088% | $21.9M | $31.3M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8210 | −0.038% | $6.4M | $19.5M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.8090 | −0.192% | $2.8M | $4.9M | 50x | as long as short |
Reya INJRUSDPERP
gTrade (Gains Network) INJ/USD
Deribit INJ_USDC-PERPETUAL
dYdX INJ-USD
Aevo INJ-PERP
Aster INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8120 | −0.153% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8200 | −0.051% | $14.4M | $10.1M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8073 | −0.214% | $278K | $155K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8120 | −0.153% | $48K | $313K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8100 | −0.179% | $38K | $66K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8202 | −0.048% | $116K | $466K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0195% | 1h | 7.8207 | −0.042% | $885K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8120 | −0.153% | $1.8M | $7.5M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8090 | −0.192% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8150 | −0.115% | $31.7M | $22.7M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0355% / S −0.0418% | 1h | 7.8091 | −0.191% | $46K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0450% | 1h | 7.8243 | +0.004% | $26.4M | $8.9M | 5x | as long as short |
| Coinbase International INJ-PERP-INTXlong | +0.0632% | 1h | 7.8240 | long leg | $385K | $635K | 50x | |
| Injective INJ/USDC PERP | +0.1436% | 1h | 7.8430 | +0.243% | $327K | $12.1M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
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