Funding you earn now, next payment 06:00 UTC+0.0925%/8h= +101.3% APRnext payment +$1.16 per $10,000 · paid last 24h +0.362%
Price spread now: Injective against Extended+0.334%60s7-day average +0.241% · you sell dearer than you buy
Net, funding: paid 7d − costs+$111as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$740.744% of the position
Funding, last 7 days+1.851%+$185 on $10k
+Price spread, last 4 days (all we have)+0.109%+$11 · spread now +0.334%, 7d avg +0.241%
=Together, before fees+1.960%+ Points / potential airdropExtended: Active · farm board+$196 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Injective is 0.093% dearer against Extended than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.241%. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended INJ-USD | 7.5149 | 0.0104 | pay 0.0013% / 1h | 38m 07s | $112K | $562K | 10x |
| Short | Injective INJ/USDC PERP | 7.5400 | 0.1029 | get 0.0129% / 1h | 38m 07s | $314K | $12.1M | 30x |
Extended INJ-USD
Injective INJ/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $194.2
- Price spread: +0.334% → +0.241%
- $9.27
- Slippage, 4 orders
- −$69.34
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $129.11
- Costs to cover
- 0.744%
- Break-even
- 2.3 days
Slippage from Extended: live order book, 10 min ago; Injective: live order book, 1 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, 10 min ago | 1.78 bp | 10.5 bp −$10 | 98.0 bp −$980 | doesn't fit | doesn't fit |
| Sell Injective live order book, 1 min ago | 26.56 bp | 26.6 bp −$27 | 46.6 bp −$466 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INJUSD | −0.0215% | 1h | 7.5182 | +0.043% | $762K | $3.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.5156 | +0.009% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5124 | −0.033% | $78K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0027% | 1h | 7.5143 | −0.009% | $16K | — | 150x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0016% | 1h | 7.5195 | +0.061% | $6K | $24K | 25x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.5145 | −0.006% | $68K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.5150 | +0.001% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.5234 | +0.113% | $25.3M | $8.7M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.5176 | +0.036% | $137K | $418K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.5173 | +0.031% | $32.7M | $97.3M | 75x | as long as short |
Kraken Futures PF_INJUSD
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Deribit INJ_USDC-PERPETUAL
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Hyperliquid INJ
Aster INJUSDT
Binance INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | +0.0100% | 8h | 7.5138 | −0.015% | $20.8M | $31.5M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.5160 | +0.014% | $6.1M | $18.5M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.5150 | +0.001% | $2.6M | $5.2M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.5150 | +0.001% | $9.1M | $18.0M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.5100 | −0.066% | $13.8M | $10.3M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5233 | +0.111% | $268K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.5260 | +0.147% | $45K | $270K | 50x | as long as short |
| Extended INJ-USDlong | +0.0104% | 1h | 7.5149 | long leg | $112K | $562K | 10x | |
| BloFin INJ-USDT | +0.0220% | 8h | 7.5160 | +0.014% | $1.6M | $5.6M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.5160 | +0.014% | — | $20.7M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.5180 | +0.041% | $29.8M | $20.0M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0267% / S −0.0198% | 1h | 7.5144 | −0.007% | $28K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0480% | 1h | 7.5250 | +0.134% | $369K | $633K | 50x | as long as short |
| Injective INJ/USDC PERPshort | +0.1029% | 1h | 7.5400 | +0.334% | $314K | $12.1M | 30x |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX