Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.060%

Price spread now: KuCoin against Deribit−0.039%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 KuCoin

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. KuCoin is 0.039% cheaper against Deribit than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 32 hours 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	7.6120	0	get 0.0000% / 1h	28m 39s	$6K	$24K	25x
Short	KuCoin INJUSDTM	7.6090	0.0100	get 0.0100% / 8h	3h 28m	$9.5M	$17.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.039%Rate

Funding earned: $21
Price spread: −0.039% → 0.000%: −$3.94
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1.94
Costs to cover: 0.190%
Break-even: 7.6 days

Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	2.61 bp	19.6 bp −$20	47.7 bp −$477	doesn't fit	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
Kraken Futures PF_INJUSD	−0.0233%	1h	7.6138	+0.023%	$783K	$3.4M	50x	as long as short
Reya INJRUSDPERP	−0.0200%	1h	7.6171	+0.067%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.6087	−0.043%	$79K	$17K	5x	as long as short
Deribit INJ_USDC-PERPETUALlong	0.0000%	1h	7.6120	long leg	$6K	$24K	25x
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.6138	+0.024%	$3K	—	150x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.6096	−0.032%	$69K	—	3x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.6140	+0.026%	$34K	$94K	10x	as long as short
Hyperliquid INJ	+0.0100%	1h	7.6159	+0.051%	$25.7M	$8.8M	5x	as long as short
Aster INJUSDT	+0.0100%	8h	7.6154	+0.044%	$140K	$417K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.6101	−0.025%	$33.3M	$96.1M	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	7.6027	−0.122%	$21.2M	$31.6M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.6000	−0.158%	$6.2M	$18.6M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.6010	−0.145%	$2.7M	$5.2M	50x	as long as short
KuCoin INJUSDTMshort	+0.0100%	8h	7.6090	−0.039%	$9.5M	$17.6M	50x
Bitget INJUSDT	+0.0100%	8h	7.5950	−0.223%	$13.9M	$10.2M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.6552	+0.567%	$269K	$144K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.6580	+0.604%	$46K	$271K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.6065	−0.073%	$113K	$357K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.6110	−0.013%	$1.6M	$5.8M	75x	as long as short
BingX INJ-USDT	+0.0248%	8h	7.5990	−0.171%	—	$20.9M	—	as long as short
MEXC INJ_USDT	+0.0261%	8h	7.6080	−0.053%	$29.9M	$21.4M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0268% / S −0.0198%	1h	7.6149	+0.038%	$29K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0552%	1h	7.6700	+0.762%	$371K	$620K	50x	as long as short
Injective INJ/USDC PERP	+0.1172%	1h	7.6620	+0.657%	$319K	$12.1M	30x	as long as short