Funding you earn now, next payment 00:00 UTC−0.0610%/8h= −66.8% APRpaid last 24h −0.123%
Price spread now: Gate against Coinbase International−0.279%7-day average −0.169% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$890.888% of the position
Funding, last 7 days−0.125%−$13 on $10k
+Price spread, last 3 days (all we have)+0.210%+$21 · spread now −0.279%, 7d avg −0.169%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Gate is 0.110% cheaper against Coinbase International than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.169%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.125% in total (about -6.5% 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 | 7.8820 | 0.0632 | pay 0.0079% / 1h | 42m 00s | $386K | $661K | 50x |
| Short | Gate INJ_USDT | 7.8600 | 0.0022 | get 0.0022% / 8h | 7h 42m | $2.8M | $4.9M | 50x |
Coinbase International INJ-PERP-INTX
Gate INJ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$128.1
- Price spread: −0.279% → −0.169%
- −$11.03
- Slippage, 4 orders
- −$63.84
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$227.97
- Costs to cover
- 0.888%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 31 min ago; Gate: live order book, 1 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, 31 min ago | 9.56 bp | 25.2 bp −$25 | 67.9 bp −$679 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 3.18 bp | 19.9 bp −$20 | 53.1 bp −$531 | 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 INJUSDT | −0.0261% | 8h | 7.8562 | −0.327% | $22.0M | $31.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.8583 | −0.301% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8667 | −0.194% | $91K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8640 | −0.228% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8630 | −0.241% | $3K | — | 150x | as long as short |
| Gate INJ_USDTshort | +0.0022% | 8h | 7.8600 | −0.279% | $2.8M | $4.9M | 50x | |
| Variational Omni INJ | +0.0089% | 8h | 7.8563 | −0.326% | $280K | $160K | — | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8619 | −0.255% | $71K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8630 | −0.241% | $38K | $66K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8658 | −0.206% | $150K | $443K | 20x | as long as short |
Bybit INJUSDT
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
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 | 7.8630 | −0.241% | $35.8M | $93.8M | 75x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8550 | −0.343% | $6.4M | $19.9M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8610 | −0.266% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8630 | −0.241% | $14.5M | $10.4M | 75x | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8550 | −0.343% | $48K | $349K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8612 | −0.264% | $118K | $601K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0194% | 1h | 7.8660 | −0.203% | $889K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8640 | −0.228% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8600 | −0.279% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8630 | −0.241% | $31.8M | $22.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0356% / S −0.0418% | 1h | 7.8622 | −0.252% | $47K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0601% | 1h | 7.8726 | −0.119% | $26.6M | $9.2M | 5x | as long as short |
| Coinbase International INJ-PERP-INTXlong | +0.0632% | 1h | 7.8820 | long leg | $386K | $661K | 50x | |
| Injective INJ/USDC PERP | +0.1436% | 1h | 7.8980 | +0.203% | $329K | $12.1M | 30x | as long as short |
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
Injective INJ/USDC PERP