Funding you earn now, next payment 21:00 UTC−0.0468%/8h= −51.2% APRpaid last 24h −0.053%
Price spread now: BloFin against Coinbase International−0.077%7-day average −0.143% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$720.715% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 3 days (all we have)+0.221%+$22 · spread now −0.077%, 7d avg −0.143%
=The price spread pays, funding is against you. BloFin is 0.066% dearer against Coinbase International than usual: you sell high and buy low (spread −0.077% now, against its 7-day average of −0.143%): +$7 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 11 hours. Mind the row above: over the last 7 days funding on this pair paid +0.121%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.121% in total (about 6.3% 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 | 7.8030 | 0.0688 | pay 0.0086% / 1h | 28m 26s | $387K | $699K | 50x |
| Short | BloFin INJ-USDT | 7.7970 | 0.0220 | get 0.0220% / 8h | 2h 28m | $1.8M | $7.8M | 75x |
Coinbase International INJ-PERP-INTX
BloFin INJ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$98.28
- Price spread: −0.077% → −0.143%
- $6.61
- Slippage, 4 orders
- −$49.51
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$163.18
- Costs to cover
- 0.715%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 59 min ago; BloFin: live order book, 5 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, 59 min ago | 12.85 bp | 21.3 bp −$21 | 45.0 bp −$450 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 1.93 bp | 17.1 bp −$17 | 37.1 bp −$371 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.7952 | −0.100% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7922 | −0.139% | $90K | $10K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.7982 | −0.061% | $3K | — | 150x | as long as short |
| Variational Omni INJ | +0.0051% | 8h | 7.7672 | −0.459% | $272K | $156K | — | as long as short |
| Kraken Futures PF_INJUSD | +0.0078% | 1h | 7.7968 | −0.080% | $892K | $3.1M | 50x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7920 | −0.141% | $70K | $13K | 3x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0096% | 1h | 7.7987 | −0.055% | $7K | $23K | 25x | as long as short |
| Orderly PERP_INJ_USDC | +0.0097% | 8h | 7.7930 | −0.128% | $38K | $65K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7988 | −0.054% | $154K | $441K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8010 | −0.026% | $35.6M | $94.8M | 75x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Variational Omni INJ
Kraken Futures PF_INJUSD
Aevo INJ-PERP
Deribit INJ_USDC-PERPETUAL
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | +0.0100% | 8h | 7.7940 | −0.115% | $21.6M | $31.9M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7950 | −0.103% | $6.4M | $20.4M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7930 | −0.128% | $2.8M | $5.1M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7960 | −0.090% | $9.5M | $16.2M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7970 | −0.077% | $14.3M | $10.9M | 75x | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7650 | −0.487% | $47K | $347K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7971 | −0.075% | $118K | $460K | 10x | as long as short |
| BloFin INJ-USDTshort | +0.0220% | 8h | 7.7970 | −0.077% | $1.8M | $7.8M | 75x | |
| BingX INJ-USDT | +0.0271% | 8h | 7.7970 | −0.077% | — | $21.3M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8000 | −0.038% | $32.0M | $23.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0354% / S −0.0391% | 1h | 7.7901 | −0.165% | $47K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTXlong | +0.0688% | 1h | 7.8030 | long leg | $387K | $699K | 50x | |
| Hyperliquid INJ | +0.0754% | 1h | 7.8137 | +0.137% | $26.4M | $9.1M | 5x | as long as short |
| Injective INJ/USDC PERP | +0.1499% | 1h | 7.8120 | +0.115% | $320K | $12.1M | 30x | as long as short |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
ApeX Omni INJUSDT
Extended INJ-USD
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Injective INJ/USDC PERP