Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.009%

Price spread now: Gate against dYdX−0.114%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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 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. Gate is 0.114% cheaper against dYdX than usual: you would sell low and buy high (spread −0.114% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.8 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	7.7388	0	get 0.0000% / 1h	52m 16s	$80K	$17K	5x
Short	Gate INJ_USDT	7.7300	0.0100	get 0.0100% / 8h	4h 52m	$2.7M	$4.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpOrdersPrice spread, now −0.114%Rate

Funding earned: $21
Price spread: −0.114% → 0.000%: −$11.38
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$15.38
Costs to cover: 0.250%
Break-even: 12.1 days

Slippage unknown: dYdX: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	3.23 bp	17.4 bp −$17	52.0 bp −$520	doesn't fit	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
ApeX Omni INJUSDT	−0.0276%	1h	7.7310	−0.101%	$46K	$270K	50x	as long as short
Reya INJRUSDPERP	−0.0200%	1h	7.7257	−0.169%	—	—	20x	as long as short
dYdX INJ-USDlong	0.0000%	1h	7.7388	long leg	$80K	$17K	5x
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.7268	−0.155%	$6K	$24K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.7270	−0.153%	$3K	—	150x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.7248	−0.181%	$70K	—	3x	as long as short
Aster INJUSDT	+0.0100%	8h	7.7369	−0.025%	$148K	$399K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.7280	−0.140%	$35.1M	$89.9M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.7220	−0.217%	$21.8M	$30.2M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.7250	−0.178%	$6.3M	$18.3M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate INJ_USDTshort	+0.0100%	8h	7.7300	−0.114%	$2.7M	$4.9M	50x
KuCoin INJUSDTM	+0.0100%	8h	7.7270	−0.153%	$9.5M	$16.4M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.7280	−0.140%	$14.2M	$9.8M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.7602	+0.277%	$273K	$149K	—	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.7260	−0.165%	$34K	$92K	10x	as long as short
Extended INJ-USD	+0.0104%	1h	7.7249	−0.180%	$116K	$367K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.7550	+0.209%	$1.8M	$5.9M	75x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0269% / S −0.0198%	1h	7.7238	−0.193%	$29K	—	100x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.7280	−0.140%	—	$21.0M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.7280	−0.140%	$31.9M	$20.4M	300x	as long as short
Hyperliquid INJ	+0.0309%	1h	7.7348	−0.052%	$26.0M	$8.6M	5x	as long as short
Kraken Futures PF_INJUSD	+0.0318%	1h	7.7280	−0.140%	$854K	$2.9M	50x	as long as short
Coinbase International INJ-PERP-INTX	+0.0688%	1h	7.7680	+0.377%	$382K	$571K	50x	as long as short
Injective INJ/USDC PERP	+0.1333%	1h	7.7770	+0.494%	$324K	$12.1M	30x	as long as short