Funding you earn now, next payment 23:00 UTC+0.0532%/8h= +58.3% APRpaid last 24h +0.117%
Price spread now: Coinbase International against Gate+0.330%7-day average +0.165% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$860.864% of the position
Funding, last 7 days+0.122%+$12 on $10k
+Price spread, last 3 days (all we have)−0.267%−$27 · spread now +0.330%, 7d avg +0.165%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Coinbase International is 0.165% dearer against Gate than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.165%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.122% in total (about 6.4% a year). A funding rate is set anew for every payment. 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 | Gate INJ_USDT | 7.8670 | 0.0100 | pay 0.0100% / 8h | 30m 35s | $2.8M | $5.1M | 50x |
| Short | Coinbase International INJ-PERP-INTX | 7.8930 | 0.0632 | get 0.0079% / 1h | 30m 35s | $386K | $719K | 50x |
Gate INJ_USDT
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Gate. 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
- $111.72
- Price spread: +0.330% → +0.165%
- $16.52
- Slippage, 4 orders
- −$61.43
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $41.81
- Costs to cover
- 0.864%
- Break-even
- 4.4 days
Slippage from Gate: live order book, 3 min ago; Coinbase International: live order book, 48 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 Gate live order book, 3 min ago | 3.81 bp | 28.1 bp −$28 | 57.5 bp −$575 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 48 min ago | 10.24 bp | 22.9 bp −$23 | 50.2 bp −$502 | 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 | 7.8716 | +0.058% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8744 | +0.094% | $91K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8772 | +0.130% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8762 | +0.117% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8742 | +0.092% | $71K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0099% | 8h | 7.8760 | +0.114% | $37K | $65K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8750 | +0.102% | $151K | $449K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8730 | +0.076% | $35.8M | $95.0M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8660 | −0.013% | $22.2M | $32.2M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8660 | −0.013% | $6.4M | $20.2M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate INJ_USDTlong | +0.0100% | 8h | 7.8670 | long leg | $2.8M | $5.1M | 50x | |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8710 | +0.051% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8680 | +0.013% | $14.5M | $10.5M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8696 | +0.033% | $280K | $160K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8800 | +0.165% | $48K | $348K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8705 | +0.045% | $120K | $460K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0203% | 1h | 7.8799 | +0.163% | $906K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8780 | +0.140% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8700 | +0.038% | — | $21.6M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8700 | +0.038% | $31.9M | $22.7M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0356% / S −0.0418% | 1h | 7.8752 | +0.104% | $47K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0537% | 1h | 7.8796 | +0.160% | $26.6M | $9.6M | 5x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0632% | 1h | 7.8930 | +0.330% | $386K | $719K | 50x | |
| Injective INJ/USDC PERP | +0.1298% | 1h | 7.9050 | +0.483% | $330K | $12.1M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
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