Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.12 per $10,000 · paid last 24h —

Price spread now: Reya against Deribit+1.254%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 1.254% dearer against Deribit than usual: you sell high and buy low (spread +1.254% now, against zero (this spread has no 7-day history yet)): +$125 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 44 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit INJ_USDC-PERPETUAL	7.6025	−0.0105	get 0.0013% / 1h	44m 10s	$6K	$24K	25x
Short	Reya INJRUSDPERP	7.6978	−0.0200	pay 0.0025% / 1h	44m 10s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +1.254%Rate

Funding earned: −$19.89
Price spread: +1.254% → 0.000%: $125.39
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $92.5
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; Reya: no order-book sample. 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 Reya no order-book sample	—	—	—	—	—

Deribit and Reya: 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 INJRUSDPERPshort	−0.0200%	1h	7.6978	+1.254%	—	—	20x
Deribit INJ_USDC-PERPETUALlong	−0.0105%	1h	7.6025	long leg	$6K	$24K	25x
dYdX INJ-USD	0.0000%	1h	7.7080	+1.387%	$80K	$17K	5x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.5990	−0.046%	$3K	—	150x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.5936	−0.117%	$69K	—	3x	as long as short
Aster INJUSDT	+0.0100%	8h	7.7079	+1.387%	$147K	$408K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.6085	+0.080%	$34.5M	$93.2M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.6092	+0.088%	$21.6M	$30.8M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.6010	−0.020%	$6.1M	$18.7M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.7020	+1.309%	$2.8M	$5.0M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin INJUSDTM	+0.0100%	8h	7.6100	+0.099%	$9.5M	$16.4M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.6140	+0.151%	$14.2M	$10.3M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.7161	+1.494%	$271K	$149K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.7130	+1.453%	$46K	$271K	50x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.5910	−0.151%	$34K	$92K	10x	as long as short
Extended INJ-USD	+0.0104%	1h	7.6139	+0.150%	$114K	$367K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.6920	+1.177%	$1.7M	$5.8M	75x	as long as short
Hyperliquid INJ	+0.0255%	1h	7.7119	+1.439%	$26.0M	$8.6M	5x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0269% / S −0.0198%	1h	7.6784	+0.999%	$29K	—	100x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.6150	+0.164%	—	$21.2M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.6050	+0.033%	$32.7M	$21.0M	300x	as long as short
Kraken Futures PF_INJUSD	+0.0324%	1h	7.5964	−0.080%	$960K	$3.2M	50x	as long as short
Coinbase International INJ-PERP-INTX	+0.0688%	1h	7.5900	−0.164%	$375K	$572K	50x	as long as short
Injective INJ/USDC PERP	+0.1333%	1h	7.7580	+2.045%	$323K	$12.1M	30x	as long as short