Funding you earn now, next payment 01:00 UTC−0.1336%/8h= −146.2% APRpaid last 24h −0.341%
Price spread now: Binance against Injective−0.522%107s7-day average −0.211% · you buy dearer than you sell
Net, funding: paid 7d − costs−$252as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$700.701% of the position
Funding, last 7 days−1.820%−$182 on $10k
+Price spread, last 3 days (all we have)+0.156%+$16 · spread now −0.522%, 7d avg −0.211%
=Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and Binance is 0.311% cheaper against Injective than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.211%). Swap the legs. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective INJ/USDC PERP | 7.8510 | 0.1436 | pay 0.0179% / 1h | 17m 25s | $327K | $12.1M | 30x |
| Short | Binance INJUSDT | 7.8100 | 0.0100 | get 0.0100% / 8h | 7h 17m | $35.6M | $92.9M | 75x |
Injective INJ/USDC PERP
Binance INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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
- −$280.48
- Price spread: −0.522% → −0.211%
- −$31.08
- Slippage, 4 orders
- −$60.09
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$381.66
- Costs to cover
- 0.701%
- Break-even
- never at this rate
Slippage from Injective: live order book, 2 min ago; Binance: live order book, 10 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 Injective live order book, 2 min ago | 26.23 bp | 26.2 bp −$26 | 2289.7 bp −$22.9K | 112896.3 bp −$11.29M | 604481.1 bp −$302.24M |
| Sell Binance live order book, 10 min ago | 0.64 bp | 8.8 bp −$9 | 24.9 bp −$249 | 87.9 bp −$8,793 | 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 | 7.8063 | −0.569% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7973 | −0.685% | $90K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8075 | −0.554% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8037 | −0.603% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8039 | −0.600% | $71K | — | 3x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8042 | −0.596% | $278K | $157K | — | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8071 | −0.559% | $149K | $428K | 20x | as long as short |
| Binance INJUSDTshort | +0.0100% | 8h | 7.8100 | −0.522% | $35.6M | $92.9M | 75x | |
| Bybit INJUSDT | +0.0100% | 8h | 7.8054 | −0.581% | $21.9M | $31.3M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8090 | −0.535% | $6.4M | $19.5M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Variational Omni INJ
Aster 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_USDT | +0.0100% | 8h | 7.8070 | −0.560% | $2.8M | $4.9M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8080 | −0.548% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8060 | −0.573% | $14.4M | $10.1M | 75x | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8120 | −0.497% | $48K | $313K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8050 | −0.586% | $37K | $66K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8100 | −0.522% | $116K | $466K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0195% | 1h | 7.8124 | −0.492% | $884K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8030 | −0.611% | $1.8M | $7.6M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8040 | −0.599% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8060 | −0.573% | $31.7M | $22.7M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0355% / S −0.0418% | 1h | 7.7970 | −0.687% | $46K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0449% | 1h | 7.8169 | −0.434% | $26.4M | $8.9M | 5x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.8150 | −0.459% | $384K | $634K | 50x | as long as short |
| Injective INJ/USDC PERPlong | +0.1436% | 1h | 7.8510 | long leg | $327K | $12.1M | 30x |
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
Kraken Futures PF_INJUSD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Coinbase International INJ-PERP-INTX