Funding you earn now, next payment 05:00 UTC+0.0549%/8h= +60.1% APRnext payment +$0.69 per $10,000 · paid last 24h +0.230%
Price spread now: Injective against Coinbase International+0.252%64s7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs+$60as 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−$1071.068% of the position
Funding, last 7 days+1.668%+$167 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now +0.252%, 7d avg +0.096%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Injective is 0.156% dearer against Coinbase International than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.096%. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International INJ-PERP-INTX | 7.5370 | 0.0480 | pay 0.0060% / 1h | 23m 36s | $369K | $635K | 50x |
| Short | Injective INJ/USDC PERP | 7.5560 | 0.1029 | get 0.0129% / 1h | 23m 36s | $315K | $12.1M | 30x |
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $115.24
- Price spread: +0.252% → +0.096%
- $15.59
- Slippage, 4 orders
- −$96.8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $24.01
- Costs to cover
- 1.068%
- Break-even
- 5.5 days
Slippage from Coinbase International: live order book, 25 min ago; Injective: 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, 25 min ago | 8.58 bp | 32.8 bp −$33 | 75.6 bp −$756 | doesn't fit | doesn't fit |
| Sell Injective live order book, 1 min ago | 26.51 bp | 26.5 bp −$27 | 46.4 bp −$464 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INJUSD | −0.0214% | 1h | 7.5437 | +0.089% | $777K | $3.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.5310 | −0.079% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5332 | −0.050% | $78K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0028% | 1h | 7.5320 | −0.067% | $16K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.5362 | −0.010% | $68K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.5400 | +0.040% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.5352 | −0.024% | $25.3M | $8.7M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.5277 | −0.123% | $137K | $420K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.5282 | −0.117% | $32.8M | $97.2M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.5244 | −0.167% | $20.8M | $31.6M | 50x | as long as short |
Kraken Futures PF_INJUSD
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Hyperliquid INJ
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 | 7.5230 | −0.186% | $6.1M | $18.6M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.5280 | −0.119% | $2.6M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.5300 | −0.093% | $8.4M | $18.2M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.5190 | −0.239% | $13.8M | $10.3M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5023 | −0.461% | $268K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.5040 | −0.438% | $45K | $270K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.5251 | −0.158% | $112K | $562K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.5220 | −0.199% | $1.6M | $5.6M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.5300 | −0.093% | — | $20.7M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.5270 | −0.133% | $29.8M | $20.1M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0267% / S −0.0198% | 1h | 7.5328 | −0.056% | $29K | — | 100x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0281% | 1h | 7.5436 | +0.088% | $6K | $24K | 25x | as long as short |
| Coinbase International INJ-PERP-INTXlong | +0.0480% | 1h | 7.5370 | long leg | $369K | $635K | 50x | |
| Injective INJ/USDC PERPshort | +0.1029% | 1h | 7.5560 | +0.252% | $315K | $12.1M | 30x |
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Deribit INJ_USDC-PERPETUAL