Funding arb · Price arb /

INJ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h —

Price spread now: Reya against Gate+0.030%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 Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.030% dearer against Gate than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate INJ_USDT	7.7510	0.0100	pay 0.0100% / 8h	6h 49m	$2.8M	$4.8M	50x
Short	Reya INJRUSDPERP	7.7533	−0.0200	pay 0.0025% / 1h	49m 07s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.030%Rate

Funding earned: −$62.94
Price spread: +0.030% → 0.000%: $2.97
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: −$80.97
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; Reya: 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	3.22 bp	22.2 bp −$22	59.9 bp −$599	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 INJRUSDPERPshort	−0.0200%	1h	7.7533	+0.030%	—	—	20x
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.7565	+0.071%	$6K	$24K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.7530	+0.026%	$3K	—	150x	as long as short
dYdX INJ-USD	+0.0021%	1h	7.7553	+0.056%	$80K	$17K	5x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.7560	+0.065%	$70K	—	3x	as long as short
Aster INJUSDT	+0.0100%	8h	7.7570	+0.077%	$148K	$427K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.7548	+0.049%	$35.3M	$93.0M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.7515	+0.006%	$21.9M	$31.3M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.7490	−0.026%	$6.3M	$19.1M	50x	as long as short
Gate INJ_USDTlong	+0.0100%	8h	7.7510	long leg	$2.8M	$4.8M	50x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin INJUSDTM	+0.0100%	8h	7.7520	+0.013%	$9.3M	$16.6M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.7490	−0.026%	$14.2M	$10.3M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.7673	+0.210%	$275K	$158K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.7680	+0.219%	$47K	$312K	50x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.7550	+0.052%	$37K	$66K	10x	as long as short
Extended INJ-USD	+0.0104%	1h	7.7537	+0.035%	$115K	$363K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.7620	+0.142%	$1.8M	$6.7M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.7570	+0.077%	—	$21.5M	—	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0274% / S −0.0211%	1h	7.7515	+0.007%	$30K	—	100x	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.7540	+0.039%	$30.9M	$21.0M	300x	as long as short
Hyperliquid INJ	+0.0334%	1h	7.7648	+0.178%	$26.2M	$8.8M	5x	as long as short
Kraken Futures PF_INJUSD	+0.0408%	1h	7.7580	+0.091%	$871K	$3.0M	50x	as long as short
Coinbase International INJ-PERP-INTX	+0.0624%	1h	7.8010	+0.645%	$381K	$637K	50x	as long as short
Injective INJ/USDC PERP	+0.1354%	1h	7.7950	+0.568%	$325K	$12.1M	30x	as long as short