Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%

Price spread now: Bitget against dYdX−0.157%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.131%+$13 on $10k

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 0.157% cheaper against dYdX than usual: you would sell low and buy high (spread −0.157% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 5.2 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	dYdX INJ-USD	7.7842	0	get 0.0000% / 1h	53m 25s	$90K	$10K	5x
Short	Bitget INJUSDT	7.7720	0.0100	get 0.0100% / 8h	1h 53m	$14.3M	$10.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against dYdX. 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 dYdXbpFee BitgetbpOrdersPrice spread, now −0.157%Rate

Funding earned: $21
Price spread: −0.157% → 0.000%: −$15.7
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$16.7
Costs to cover: 0.220%
Break-even: 12.6 days

Slippage unknown: dYdX: no order-book sample; Bitget: 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 dYdX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	3.23 bp	15.3 bp −$15	25.5 bp −$255	108.5 bp −$10.9K	doesn't fit

dYdX: 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	7.7712	−0.167%	—	—	20x	as long as short
dYdX INJ-USDlong	0.0000%	1h	7.7842	long leg	$90K	$10K	5x
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.7947	+0.135%	$7K	$23K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.7927	+0.110%	$3K	—	150x	as long as short
Variational Omni INJ	+0.0094%	8h	7.7778	−0.082%	$272K	$157K	—	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.7905	+0.081%	$70K	$13K	3x	as long as short
Orderly PERP_INJ_USDC	+0.0098%	8h	7.7940	+0.126%	$38K	$63K	10x	as long as short
Kraken Futures PF_INJUSD	+0.0099%	1h	7.7960	+0.152%	$888K	$3.2M	50x	as long as short
Aster INJUSDT	+0.0100%	8h	7.7856	+0.017%	$156K	$440K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.7780	−0.080%	$35.6M	$94.6M	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	7.7700	−0.183%	$21.6M	$31.9M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.7720	−0.157%	$6.4M	$20.1M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.7810	−0.041%	$2.8M	$5.0M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.7830	−0.016%	$9.4M	$16.2M	50x	as long as short
Bitget INJUSDTshort	+0.0100%	8h	7.7720	−0.157%	$14.3M	$10.8M	75x
ApeX Omni INJUSDT	+0.0100%	1h	7.8020	+0.228%	$48K	$348K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.7826	−0.021%	$118K	$460K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.7950	+0.138%	$1.8M	$7.7M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.7770	−0.093%	—	$21.3M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.7800	−0.054%	$31.8M	$22.7M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0354% / S −0.0391%	1h	7.7907	+0.084%	$47K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0640%	1h	7.8190	+0.447%	$393K	$700K	50x	as long as short
Hyperliquid INJ	+0.1246%	1h	7.7892	+0.064%	$26.7M	$9.4M	5x	as long as short
Injective INJ/USDC PERP	+0.1367%	1h	7.8310	+0.601%	$320K	$12.1M	30x	as long as short