Settings8H · net · $10k
Funding arb · Price arb /

INJ

all INJ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.1367%/8h= +149.7% APRnext payment +$1.71 per $10,000 · paid last 24h +0.351%
Price spread now: Injective against Deribit+0.585%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and Injective is 0.585% dearer against Deribit than usual: you sell high and buy low: +$59 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit INJ_USDC-PERPETUAL7.79040get 0.0000% / 1h37m 13s$7K$23K25x
ShortInjective INJ/USDC PERP7.83600.1367get 0.0171% / 1h37m 13s$321K$12.1M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
$287.1
Price spread: +0.585% → 0.000%
$58.53
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$338.61
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Deribit: no order-book sample; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy Deribit no order-book sample
Sell Injective live order book, 2 min ago26.23 bp26.2 bp −$2646.5 bp −$465doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya INJRUSDPERP−0.0200%1h7.7824−0.102%20xas long as short
dYdX INJ-USD0.0000%1h7.7901−0.004%$90K$8K5xas long as short
Deribit INJ_USDC-PERPETUALlong0.0000%1h7.7904long leg$7K$23K25x
gTrade (Gains Network) INJ/USDL +0.0006% / S −0.0002%1h7.7893−0.015%$3K150xas long as short
Aevo INJ-PERP+0.0096%1h7.7900−0.005%$70K$13K3xas long as short
Orderly PERP_INJ_USDC+0.0098%8h7.7920+0.021%$38K$63K10xas long as short
Kraken Futures PF_INJUSD+0.0099%1h7.7906+0.003%$873K$3.2M50xas long as short
Aster INJUSDT+0.0100%8h7.7923+0.024%$156K$440K20xas long as short
Binance INJUSDT+0.0100%8h7.7900−0.005%$35.7M$94.3M75xas long as short
Bybit INJUSDT+0.0100%8h7.7820−0.108%$21.6M$31.7M50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX INJ-USDT-SWAP+0.0100%8h7.7870−0.044%$6.4M$20.1M50xas long as short
Gate INJ_USDT+0.0100%8h7.7850−0.069%$2.8M$5.0M50xas long as short
KuCoin INJUSDTM+0.0100%8h7.7870−0.044%$9.5M$16.4M50xas long as short
Bitget INJUSDT+0.0100%8h7.7850−0.069%$14.3M$10.9M75xas long as short
Variational Omni INJ+0.0100%8h7.7936+0.041%$273K$157Kas long as short
ApeX Omni INJUSDT+0.0100%1h7.8040+0.175%$48K$348K50xas long as short
Extended INJ-USD+0.0104%1h7.7896−0.011%$118K$460K10xas long as short
BloFin INJ-USDT+0.0220%8h7.7900−0.005%$1.8M$7.7M75xas long as short
BingX INJ-USDT+0.0271%8h7.7890−0.018%$21.4Mas long as short
MEXC INJ_USDT+0.0285%8h7.7890−0.018%$31.8M$22.9M300xas long as short
GMX INJ/USD [WBTC.b-USDC]L +0.0354% / S −0.0418%1h7.7893−0.014%$46K100xas long as short
Coinbase International INJ-PERP-INTX+0.0640%1h7.8270+0.470%$383K$714K50xas long as short
Hyperliquid INJ+0.0827%1h7.7947+0.055%$26.5M$9.6M5xas long as short
Injective INJ/USDC PERPshort+0.1367%1h7.8360+0.585%$321K$12.1M30x