Funding you earn now, next payment 22:00 UTC−0.1399%/8h= −153.2% APRpaid last 24h −0.318%
Price spread now: Bybit against Injective−0.479%78s7-day average −0.251% · you buy dearer than you sell
Net, funding: paid 7d − costs−$266as 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−$840.844% of the position
Funding, last 7 days−1.817%−$182 on $10k
+Price spread, last 3 days (all we have)0.000%$0 · spread now −0.479%, 7d avg −0.251%
=Both sides work against this trade now: funding costs −$42 a day on $10k at the current rate, and Bybit is 0.227% cheaper against Injective than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.251%). Swap the legs. The two prices were read 78 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 | 7.7320 | 0.1499 | pay 0.0187% / 1h | 48m 06s | $316K | $12.1M | 30x |
| Short | Bybit INJUSDT | 7.6950 | 0.0100 | get 0.0100% / 8h | 2h 48m | $21.4M | $31.8M | 50x |
Injective INJ/USDC PERP
Bybit INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$293.79
- Price spread: −0.479% → −0.251%
- −$22.75
- Slippage, 4 orders
- −$73.34
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$400.9
- Costs to cover
- 0.844%
- Break-even
- never at this rate
Slippage from Injective: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago | 26.57 bp | 26.6 bp −$27 | 2834.0 bp −$28.3K | 118339.2 bp −$11.83M | 631695.8 bp −$315.85M |
| Sell Bybit live order book, 1 min ago | 0.65 bp | 16.9 bp −$17 | 45.6 bp −$456 | 132.3 bp −$13.2K | 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 | 7.6920 | −0.518% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.6975 | −0.446% | $89K | $10K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.7028 | −0.378% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.6988 | −0.430% | $3K | — | 150x | as long as short |
| Variational Omni INJ | +0.0072% | 8h | 7.7025 | −0.381% | $270K | $155K | — | as long as short |
| Kraken Futures PF_INJUSD | +0.0079% | 1h | 7.7038 | −0.365% | $891K | $3.2M | 50x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7003 | −0.410% | $70K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0096% | 8h | 7.7010 | −0.401% | $38K | $65K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7000 | −0.414% | $152K | $440K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7010 | −0.400% | $35.1M | $95.2M | 75x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Variational Omni INJ
Kraken Futures PF_INJUSD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDTshort | +0.0100% | 8h | 7.6950 | −0.479% | $21.4M | $31.8M | 50x | |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.6960 | −0.466% | $6.3M | $20.3M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.6970 | −0.453% | $2.7M | $5.0M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6970 | −0.453% | $9.4M | $16.1M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6950 | −0.479% | $14.1M | $10.9M | 75x | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7030 | −0.375% | $47K | $347K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7003 | −0.410% | $117K | $460K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.6970 | −0.453% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.6960 | −0.466% | — | $21.3M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.7020 | −0.388% | $32.1M | $23.4M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0388% / S −0.0466% | 1h | 7.6989 | −0.428% | $47K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0530% | 1h | 7.7119 | −0.260% | $26.0M | $8.9M | 5x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0688% | 1h | 7.7130 | −0.246% | $381K | $687K | 50x | as long as short |
| Injective INJ/USDC PERPlong | +0.1499% | 1h | 7.7320 | long leg | $316K | $12.1M | 30x |
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Coinbase International INJ-PERP-INTX