Funding you earn now, next payment 00:00 UTC+0.0528%/8h= +57.8% APRnext payment +$0.66 per $10,000 · paid last 24h +0.112%
Price spread now: Coinbase International against Extended+0.035%7-day average +0.152% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$740.738% of the position
Funding, last 7 days+0.155%+$16 on $10k
+Price spread, last 3 days (all we have)+0.051%+$5 · spread now +0.035%, 7d avg +0.152%
=Together, before fees+0.206%+ Points / potential airdropExtended: Active · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.117% cheaper against Extended than usual: you would sell low and buy high (spread +0.035% now, against its 7-day average of +0.152%). If the spread goes back, that is −$12 on $10k: about 18 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.155% in total) that is about 5.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.155% in total (about 8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.66 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended INJ-USD | 7.8373 | 0.0104 | pay 0.0013% / 1h | 13m 06s | $116K | $466K | 10x |
| Short | Coinbase International INJ-PERP-INTX | 7.8400 | 0.0632 | get 0.0079% / 1h | 13m 06s | $385K | $637K | 50x |
Extended INJ-USD
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $110.88
- Price spread: +0.035% → +0.152%
- −$11.74
- Slippage, 4 orders
- −$58.78
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $25.36
- Costs to cover
- 0.738%
- Break-even
- 5.4 days
Slippage from Extended: live order book, 60 min ago; Coinbase International: live order book, 60 min ago.
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 Extended live order book, 60 min ago | 2.55 bp | 11.9 bp −$12 | 107.0 bp −$1,070 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 60 min ago | 9.56 bp | 24.9 bp −$25 | 63.3 bp −$633 | doesn't fit | doesn't fit |
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 | 7.8326 | −0.060% | — | — | 20x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8374 | +0.002% | $3K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0037% | 1h | 7.8322 | −0.065% | $90K | $8K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8348 | −0.032% | $71K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8373 | 0.000% | $150K | $428K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8379 | +0.008% | $35.7M | $92.9M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8342 | −0.039% | $22.0M | $31.2M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8360 | −0.017% | $6.4M | $19.5M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.8340 | −0.042% | $2.8M | $4.9M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8370 | −0.004% | $9.5M | $16.6M | 50x | as long as short |
Reya INJRUSDPERP
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Aevo INJ-PERP
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget INJUSDT | +0.0100% | 8h | 7.8330 | −0.055% | $14.4M | $10.1M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8073 | −0.383% | $278K | $155K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8160 | −0.272% | $48K | $313K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8360 | −0.017% | $38K | $66K | 10x | as long as short |
| Extended INJ-USDlong | +0.0104% | 1h | 7.8373 | long leg | $116K | $466K | 10x | |
| Deribit INJ_USDC-PERPETUAL | +0.0120% | 1h | 7.8379 | +0.008% | $6K | $24K | 25x | as long as short |
| Kraken Futures PF_INJUSD | +0.0195% | 1h | 7.8408 | +0.045% | $888K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8380 | +0.009% | $1.8M | $7.3M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8340 | −0.042% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8370 | −0.004% | $31.8M | $22.7M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0355% / S −0.0418% | 1h | 7.8342 | −0.040% | $46K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0445% | 1h | 7.8390 | +0.022% | $26.4M | $8.9M | 5x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0632% | 1h | 7.8400 | +0.035% | $385K | $637K | 50x | |
| Injective INJ/USDC PERP | +0.1436% | 1h | 7.8420 | +0.060% | $327K | $12.1M | 30x | as long as short |
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Deribit INJ_USDC-PERPETUAL
Kraken Futures PF_INJUSD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Injective INJ/USDC PERP