Funding you earn now, next payment 05:00 UTC−0.0380%/8h= −41.6% APRpaid last 24h −0.123%
Price spread now: KuCoin against Coinbase International−0.209%7-day average −0.141% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$960.959% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.209%, 7d avg −0.141%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and KuCoin is 0.068% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.141%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.101% in total (about -5.2% 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 | 7.6450 | 0.0480 | pay 0.0060% / 1h | 12m 39s | $372K | $660K | 50x |
| Short | KuCoin INJUSDTM | 7.6290 | 0.0100 | get 0.0100% / 8h | 2h 12m | $8.5M | $18.2M | 50x |
Coinbase International INJ-PERP-INTX
KuCoin INJUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$79.8
- Price spread: −0.209% → −0.141%
- −$6.83
- Slippage, 4 orders
- −$73.88
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$182.5
- Costs to cover
- 0.959%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 36 min ago; KuCoin: live order book, 6 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, 36 min ago | 8.58 bp | 32.8 bp −$33 | 75.6 bp −$756 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 3.29 bp | 18.4 bp −$18 | 38.1 bp −$381 | 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 | −0.0212% | 1h | 7.6386 | −0.084% | $787K | $3.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.6278 | −0.226% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.6351 | −0.129% | $79K | $17K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.6372 | −0.102% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0016% | 1h | 7.6381 | −0.090% | $18K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6366 | −0.109% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6360 | −0.118% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.6402 | −0.063% | $25.7M | $8.7M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.6333 | −0.154% | $138K | $420K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.6330 | −0.157% | $33.6M | $97.6M | 75x | as long as short |
Kraken Futures PF_INJUSD
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Hyperliquid INJ
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 | 7.6280 | −0.222% | $21.0M | $31.6M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.6320 | −0.170% | $6.2M | $19.0M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.6300 | −0.196% | $2.7M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTMshort | +0.0100% | 8h | 7.6290 | −0.209% | $8.5M | $18.2M | 50x | |
| Bitget INJUSDT | +0.0100% | 8h | 7.6230 | −0.288% | $14.0M | $10.4M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6002 | −0.585% | $271K | $148K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.6100 | −0.458% | $46K | $270K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6326 | −0.163% | $113K | $563K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.6440 | −0.013% | $1.6M | $5.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.6310 | −0.183% | — | $20.7M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.6340 | −0.144% | $29.9M | $20.2M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0268% / S −0.0198% | 1h | 7.6384 | −0.087% | $29K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTXlong | +0.0480% | 1h | 7.6450 | long leg | $372K | $660K | 50x | |
| Injective INJ/USDC PERP | +0.1029% | 1h | 7.6560 | +0.144% | $319K | $12.1M | 30x | as long as short |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
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]
Injective INJ/USDC PERP