Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.043%

Price spread now: Bitget against Deribit−0.250%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Bitget is 0.250% cheaper against Deribit than usual: you would sell low and buy high (spread −0.250% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 8.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit INJ_USDC-PERPETUAL	7.7243	0	get 0.0000% / 1h	51m 42s	$7K	$23K	25x
Short	Bitget INJUSDT	7.7050	0.0100	get 0.0100% / 8h	2h 51m	$14.1M	$10.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee BitgetbpOrdersPrice spread, now −0.250%Rate

Funding earned: $21
Price spread: −0.250% → 0.000%: −$24.99
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$22.99
Costs to cover: 0.190%
Break-even: 14.7 days

Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 2 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	1.30 bp	15.1 bp −$15	28.5 bp −$285	105.0 bp −$10.5K	doesn't fit

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	7.7167	−0.099%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.7105	−0.179%	$89K	$10K	5x	as long as short
Deribit INJ_USDC-PERPETUALlong	0.0000%	1h	7.7243	long leg	$7K	$23K	25x
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.7225	−0.024%	$3K	—	150x	as long as short
Variational Omni INJ	+0.0071%	8h	7.7275	+0.041%	$270K	$155K	—	as long as short
Kraken Futures PF_INJUSD	+0.0078%	1h	7.7250	+0.010%	$894K	$3.2M	50x	as long as short
Orderly PERP_INJ_USDC	+0.0096%	8h	7.7240	−0.004%	$38K	$65K	10x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.7151	−0.119%	$70K	$13K	3x	as long as short
Aster INJUSDT	+0.0100%	8h	7.7218	−0.032%	$152K	$440K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.7114	−0.166%	$35.2M	$95.1M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit INJUSDT	+0.0100%	8h	7.7040	−0.263%	$21.6M	$31.5M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.7020	−0.289%	$6.3M	$20.3M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.7040	−0.263%	$2.7M	$5.0M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.7150	−0.120%	$9.4M	$16.1M	50x	as long as short
Bitget INJUSDTshort	+0.0100%	8h	7.7050	−0.250%	$14.1M	$10.9M	75x
ApeX Omni INJUSDT	+0.0100%	1h	7.7300	+0.074%	$47K	$347K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.7095	−0.192%	$119K	$458K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.7160	−0.107%	$1.8M	$7.7M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.7060	−0.237%	—	$21.4M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.7080	−0.211%	$32.1M	$23.4M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0389% / S −0.0466%	1h	7.7239	−0.005%	$47K	—	100x	as long as short
Hyperliquid INJ	+0.0523%	1h	7.7272	+0.038%	$26.0M	$8.9M	5x	as long as short
Coinbase International INJ-PERP-INTX	+0.0688%	1h	7.7360	+0.151%	$380K	$687K	50x	as long as short
Injective INJ/USDC PERP	+0.1499%	1h	7.7620	+0.488%	$318K	$12.1M	30x	as long as short