Funding you earn now, next payment 23:00 UTC−0.0632%/8h= −69.2% APRnext payment −$0.79 per $10,000 · paid last 24h −0.135%
Price spread now: Deribit against Coinbase International−0.124%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Deribit is 0.124% cheaper against Coinbase International than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International INJ-PERP-INTX | 7.9530 | 0.0632 | pay 0.0079% / 1h | 54m 42s | $391K | $728K | 50x |
| Short | Deribit INJ_USDC-PERPETUAL | 7.9431 | 0 | get 0.0000% / 1h | 54m 42s | $7K | $23K | 25x |
Coinbase International INJ-PERP-INTX
Deribit INJ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$132.72
- Price spread: −0.124% → 0.000%
- −$12.45
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$162.17
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 24 min ago; Deribit: no order-book sample. Net counts fees only.
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, 24 min ago | 10.24 bp | 19.6 bp −$20 | 55.0 bp −$550 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 7.9410 | −0.151% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.9574 | +0.055% | $92K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUALshort | 0.0000% | 1h | 7.9431 | −0.124% | $7K | $23K | 25x | |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.9436 | −0.118% | $4K | — | 150x | as long as short |
| ApeX Omni INJUSDT | +0.0079% | 1h | 7.9180 | −0.440% | $49K | $348K | 50x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.9381 | −0.187% | $72K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0099% | 8h | 7.9410 | −0.151% | $39K | $63K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.9440 | −0.113% | $159K | $440K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.9578 | +0.061% | $36.3M | $94.0M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.9513 | −0.021% | $22.0M | $31.6M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
ApeX Omni INJUSDT
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.9500 | −0.038% | $6.5M | $20.4M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.9410 | −0.151% | $2.9M | $5.0M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.9420 | −0.138% | $9.6M | $16.5M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.9380 | −0.189% | $14.6M | $10.6M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.9214 | −0.397% | $279K | $157K | — | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.9438 | −0.116% | $120K | $460K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0201% | 1h | 7.9442 | −0.110% | $884K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.9460 | −0.088% | $1.8M | $7.6M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.9400 | −0.163% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.9450 | −0.101% | $32.5M | $22.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0357% / S −0.0418% | 1h | 7.9440 | −0.113% | $47K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0589% | 1h | 7.9529 | −0.001% | $27.0M | $9.6M | 5x | as long as short |
| Coinbase International INJ-PERP-INTXlong | +0.0632% | 1h | 7.9530 | long leg | $391K | $728K | 50x | |
| Injective INJ/USDC PERP | +0.1298% | 1h | 7.9510 | −0.025% | $325K | $12.1M | 30x | as long as short |
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
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