Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.028%

Price spread now: Bitget against gTrade (Gains Network)−0.040%7-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 Bitget

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—needs both histories

Funding pays, the price is against you. Bitget is 0.040% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 34 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) INJ/USD	7.7571	L +0.0006% / S −0.0002%	pay 0.0001% / 1h	32m 23s	$3K	—	150x
Short	Bitget INJUSDT	7.7540	0.0100	get 0.0100% / 8h	2h 32m	$14.2M	$10.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.040%Rate

Funding earned: $19.75
Price spread: −0.040% → 0.000%: −$4.05
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$6.3
Costs to cover: 0.220%
Break-even: 9.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	1.93 bp	14.6 bp −$15	19.1 bp −$191	98.8 bp −$9,876	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
Reya INJRUSDPERP	−0.0200%	1h	7.7524	−0.061%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.7591	+0.025%	$90K	$10K	5x	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.7623	+0.067%	$7K	$23K	25x	as long as short
gTrade (Gains Network) INJ/USDlong	L +0.0006% / S −0.0002%	1h	7.7571	long leg	$3K	—	150x
Variational Omni INJ	+0.0053%	8h	7.7437	−0.173%	$272K	$156K	—	as long as short
Kraken Futures PF_INJUSD	+0.0078%	1h	7.7629	+0.074%	$890K	$3.1M	50x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.7606	+0.044%	$70K	$13K	3x	as long as short
Orderly PERP_INJ_USDC	+0.0097%	8h	7.7580	+0.011%	$38K	$65K	10x	as long as short
Aster INJUSDT	+0.0100%	8h	7.7529	−0.055%	$153K	$441K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.7582	+0.013%	$35.4M	$94.7M	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	7.7505	−0.086%	$21.5M	$31.8M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.7490	−0.105%	$6.4M	$20.3M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.7540	−0.040%	$2.7M	$5.0M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.7550	−0.028%	$9.4M	$16.1M	50x	as long as short
Bitget INJUSDTshort	+0.0100%	8h	7.7540	−0.040%	$14.2M	$10.9M	75x
ApeX Omni INJUSDT	+0.0100%	1h	7.7600	+0.037%	$47K	$347K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.7537	−0.044%	$117K	$460K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.7560	−0.015%	$1.8M	$7.8M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.7530	−0.053%	—	$21.4M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.7600	+0.037%	$32.1M	$23.5M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0353% / S −0.0391%	1h	7.7593	+0.028%	$47K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0688%	1h	7.7650	+0.101%	$382K	$693K	50x	as long as short
Hyperliquid INJ	+0.0714%	1h	7.7698	+0.163%	$26.2M	$9.1M	5x	as long as short
Injective INJ/USDC PERP	+0.1499%	1h	7.7930	+0.462%	$319K	$12.1M	30x	as long as short