Funding you earn now, next payment 02:00 UTC−0.0355%/8h= −38.9% APRpaid last 24h −0.070%
Price spread now: MEXC against Coinbase International+0.476%51s7-day average −0.125% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as 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−$630.628% of the position
Funding, last 7 days+0.140%+$14 on $10k
+Price spread, last 4 days (all we have)−0.597%−$60 · spread now +0.476%, 7d avg −0.125%
=The price spread pays, funding is against you. MEXC is 0.601% dearer against Coinbase International than usual: you sell high and buy low (spread +0.476% now, against its 7-day average of −0.125%): +$60 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 5.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.140%, so the current rate has only just turned against you. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.140% in total (about 7.3% 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 | 7.7750 | 0.0640 | pay 0.0080% / 1h | 34m 29s | $382K | $583K | 50x |
| Short | MEXC INJ_USDT | 7.8120 | 0.0285 | get 0.0285% / 8h | 5h 34m | $31.6M | $20.8M | 300x |
Coinbase International INJ-PERP-INTX
MEXC INJ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$74.55
- Price spread: +0.476% → −0.125%
- $60.06
- Slippage, 4 orders
- −$52.8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$77.29
- Costs to cover
- 0.628%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 29 min ago; MEXC: live order book, 4 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, 29 min ago | 11.53 bp | 26.7 bp −$27 | 67.3 bp −$673 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.65 bp | 4.1 bp −$4 | 12.3 bp −$123 | 50.1 bp −$5,008 | 95.9 bp −$48.0K |
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 | 7.8096 | +0.445% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7864 | +0.147% | $81K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8098 | +0.448% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7905 | +0.199% | $70K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7991 | +0.310% | $149K | $424K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8046 | +0.380% | $35.3M | $90.0M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8100 | +0.450% | $22.0M | $30.4M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8100 | +0.450% | $6.4M | $18.6M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7920 | +0.219% | $2.7M | $4.9M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8100 | +0.450% | $9.4M | $16.5M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget INJUSDT | +0.0100% | 8h | 7.8080 | +0.424% | $14.3M | $9.8M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7540 | −0.270% | $272K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7260 | −0.630% | $46K | $272K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7910 | +0.206% | $35K | $92K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7928 | +0.229% | $115K | $367K | 10x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0148% | 1h | 7.7924 | +0.224% | $6K | $24K | 25x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7890 | +0.180% | $1.8M | $6.3M | 75x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0269% / S −0.0198% | 1h | 7.8082 | +0.426% | $30K | — | 100x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8110 | +0.463% | — | $21.2M | — | as long as short |
| MEXC INJ_USDTshort | +0.0285% | 8h | 7.8120 | +0.476% | $31.6M | $20.8M | 300x | |
| Hyperliquid INJ | +0.0289% | 1h | 7.8200 | +0.579% | $26.3M | $8.7M | 5x | as long as short |
| Kraken Futures PF_INJUSD | +0.0439% | 1h | 7.7946 | +0.252% | $864K | $3.0M | 50x | as long as short |
| Coinbase International INJ-PERP-INTXlong | +0.0640% | 1h | 7.7750 | long leg | $382K | $583K | 50x | |
| Injective INJ/USDC PERP | +0.1331% | 1h | 7.7730 | −0.026% | $324K | $12.1M | 30x | as long as short |
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
Deribit INJ_USDC-PERPETUAL
BloFin INJ-USDT
GMX INJ/USD [WBTC.b-USDC]
BingX INJ-USDT
Hyperliquid INJ
Kraken Futures PF_INJUSD
Injective INJ/USDC PERP