Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.023%

Price spread now: Deribit against Gate+0.069%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Deribit is 0.069% dearer against Gate than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate INJ_USDT	7.6900	0.0100	pay 0.0100% / 8h	2h 49m	$2.7M	$5.0M	50x
Short	Deribit INJ_USDC-PERPETUAL	7.6953	0	get 0.0000% / 1h	49m 02s	$7K	$23K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. 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 GatebpFee DeribitbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$21
Price spread: +0.069% → 0.000%: $6.89
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$36.11
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; Deribit: no order-book sample. 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 Gate live order book, 4 min ago	1.30 bp	21.3 bp −$21	58.8 bp −$588	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	7.6875	−0.033%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.7070	+0.221%	$89K	$10K	5x	as long as short
Deribit INJ_USDC-PERPETUALshort	0.0000%	1h	7.6953	+0.069%	$7K	$23K	25x
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.6934	+0.044%	$3K	—	150x	as long as short
Variational Omni INJ	+0.0072%	8h	7.7025	+0.163%	$270K	$155K	—	as long as short
Kraken Futures PF_INJUSD	+0.0079%	1h	7.6975	+0.097%	$891K	$3.2M	50x	as long as short
Orderly PERP_INJ_USDC	+0.0096%	8h	7.6940	+0.052%	$38K	$65K	10x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.6933	+0.042%	$70K	$13K	3x	as long as short
Aster INJUSDT	+0.0100%	8h	7.6971	+0.093%	$151K	$440K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.6980	+0.104%	$35.1M	$95.2M	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	7.6900	0.000%	$21.4M	$31.8M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.6900	0.000%	$6.3M	$20.3M	50x	as long as short
Gate INJ_USDTlong	+0.0100%	8h	7.6900	long leg	$2.7M	$5.0M	50x
KuCoin INJUSDTM	+0.0100%	8h	7.6920	+0.026%	$9.4M	$16.1M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.6890	−0.013%	$14.1M	$10.9M	75x	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.7030	+0.169%	$47K	$347K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.6942	+0.055%	$117K	$460K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.6970	+0.091%	$1.8M	$7.7M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.6920	+0.026%	—	$21.4M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.6970	+0.091%	$32.0M	$23.4M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0388% / S −0.0466%	1h	7.6930	+0.039%	$47K	—	100x	as long as short
Hyperliquid INJ	+0.0510%	1h	7.7085	+0.241%	$26.0M	$8.9M	5x	as long as short
Coinbase International INJ-PERP-INTX	+0.0688%	1h	7.7050	+0.195%	$380K	$687K	50x	as long as short
Injective INJ/USDC PERP	+0.1499%	1h	7.7320	+0.546%	$316K	$12.1M	30x	as long as short