Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0214%/8h= +23.4% APRpaid last 24h +0.060%

Price spread now: BloFin against gTrade (Gains Network)−0.085%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 BloFin

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. BloFin is 0.085% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 32 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) INJ/USD	7.7826	L +0.0006% / S −0.0002%	pay 0.0001% / 1h	25m 16s	$3K	—	150x
Short	BloFin INJ-USDT	7.7760	0.0220	get 0.0220% / 8h	1h 25m	$1.8M	$7.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.085%Rate

Funding earned: $44.95
Price spread: −0.085% → 0.000%: −$8.47
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $14.48
Costs to cover: 0.220%
Break-even: 4.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 3 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 BloFin live order book, 3 min ago	1.92 bp	13.0 bp −$13	32.3 bp −$323	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
Reya INJRUSDPERP	−0.0200%	1h	7.7797	−0.037%	—	—	20x	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.7853	+0.035%	$7K	$23K	25x	as long as short
gTrade (Gains Network) INJ/USDlong	L +0.0006% / S −0.0002%	1h	7.7826	long leg	$3K	—	150x
dYdX INJ-USD	+0.0011%	1h	7.7819	−0.009%	$90K	$8K	5x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.7831	+0.006%	$70K	$13K	3x	as long as short
Orderly PERP_INJ_USDC	+0.0098%	8h	7.7850	+0.031%	$38K	$63K	10x	as long as short
Kraken Futures PF_INJUSD	+0.0099%	1h	7.7883	+0.073%	$871K	$3.1M	50x	as long as short
Aster INJUSDT	+0.0100%	8h	7.7855	+0.037%	$156K	$440K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.7854	+0.036%	$35.7M	$94.1M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.7790	−0.046%	$21.6M	$31.6M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX INJ-USDT-SWAP	+0.0100%	8h	7.7820	−0.008%	$6.4M	$20.0M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.7800	−0.033%	$2.8M	$5.0M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.7810	−0.020%	$9.5M	$16.5M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.7830	+0.005%	$14.3M	$10.8M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.7750	−0.097%	$272K	$155K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.8050	+0.288%	$48K	$349K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.7848	+0.028%	$118K	$460K	10x	as long as short
BloFin INJ-USDTshort	+0.0220%	8h	7.7760	−0.085%	$1.8M	$7.7M	75x
BingX INJ-USDT	+0.0271%	8h	7.7790	−0.046%	—	$21.5M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.7820	−0.008%	$31.6M	$23.0M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0354% / S −0.0418%	1h	7.7845	+0.025%	$46K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0640%	1h	7.8080	+0.326%	$382K	$712K	50x	as long as short
Hyperliquid INJ	+0.0719%	1h	7.7917	+0.117%	$26.5M	$9.6M	5x	as long as short
Injective INJ/USDC PERP	+0.1367%	1h	7.8130	+0.391%	$320K	$12.1M	30x	as long as short