Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.028%

Price spread now: Aster against gTrade (Gains Network)−0.037%52s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.037% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 31 hours of funding at the current rate (+$3 a day). The two prices were read 52 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	gTrade (Gains Network) INJ/USD	7.8600	L +0.0006% / S −0.0002%	pay 0.0001% / 1h	40m 31s	$3K	—	150x
Short	Aster INJUSDT	7.8571	0.0100	get 0.0100% / 8h	7h 40m	$150K	$443K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now −0.037%Rate

Funding earned: $19.75
Price spread: −0.037% → 0.000%: −$3.68
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$1.93
Costs to cover: 0.180%
Break-even: 7.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Aster: live order book, 32 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Aster live order book, 32 min ago	5.10 bp	16.9 bp −$17	87.4 bp −$874	doesn't fit	doesn't fit

gTrade (Gains Network): 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
Bybit INJUSDT	−0.0240%	8h	7.8542	−0.074%	$22.0M	$31.5M	50x	as long as short
Reya INJRUSDPERP	−0.0200%	1h	7.8521	−0.101%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.8523	−0.098%	$91K	$8K	5x	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.8621	+0.027%	$6K	$24K	25x	as long as short
gTrade (Gains Network) INJ/USDlong	L +0.0006% / S −0.0002%	1h	7.8600	long leg	$3K	—	150x
Gate INJ_USDT	+0.0054%	8h	7.8500	−0.127%	$2.8M	$4.9M	50x	as long as short
Variational Omni INJ	+0.0084%	8h	7.8543	−0.073%	$280K	$160K	—	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.8578	−0.027%	$71K	—	3x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.8600	0.000%	$38K	$66K	10x	as long as short
Aster INJUSDTshort	+0.0100%	8h	7.8571	−0.037%	$150K	$443K	20x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance INJUSDT	+0.0100%	8h	7.8600	0.000%	$35.8M	$93.7M	75x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.8530	−0.089%	$6.4M	$19.9M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.8500	−0.127%	$9.5M	$16.6M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.8530	−0.089%	$14.5M	$10.3M	75x	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.8550	−0.064%	$48K	$349K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.8562	−0.048%	$117K	$625K	10x	as long as short
Kraken Futures PF_INJUSD	+0.0194%	1h	7.8630	+0.038%	$889K	$3.0M	50x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.8620	+0.025%	$1.8M	$7.7M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.8540	−0.076%	—	$21.5M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.8540	−0.076%	$31.7M	$22.6M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0356% / S −0.0418%	1h	7.8573	−0.035%	$47K	—	100x	as long as short
Hyperliquid INJ	+0.0585%	1h	7.8655	+0.070%	$26.5M	$9.2M	5x	as long as short
Coinbase International INJ-PERP-INTX	+0.0632%	1h	7.8820	+0.280%	$386K	$661K	50x	as long as short
Injective INJ/USDC PERP	+0.1436%	1h	7.8930	+0.420%	$329K	$12.1M	30x	as long as short