Funding you earn now, next payment 05:00 UTC−0.0549%/8h= −60.1% APRnext payment −$0.69 per $10,000 · paid last 24h −0.230%
Price spread now: Coinbase International against Injective−0.331%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$274as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1071.068% of the position
Funding, last 7 days−1.668%−$167 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.331%, 7d avg −0.096%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Coinbase International is 0.234% cheaper against Injective than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.096%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective INJ/USDC PERP | 7.5620 | 0.1029 | pay 0.0129% / 1h | 22m 40s | $315K | $12.1M | 30x |
| Short | Coinbase International INJ-PERP-INTX | 7.5370 | 0.0480 | get 0.0060% / 1h | 22m 40s | $369K | $635K | 50x |
Injective INJ/USDC PERP
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$115.24
- Price spread: −0.331% → −0.096%
- −$23.44
- Slippage, 4 orders
- −$96.8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$245.5
- Costs to cover
- 1.068%
- Break-even
- never at this rate
Slippage from Injective: live order book, 1 min ago; Coinbase International: live order book, 26 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 | 26.51 bp | 26.5 bp −$27 | 188.7 bp −$1,887 | 83302.4 bp −$8.33M | 456511.7 bp −$228.26M |
| Sell Coinbase International live order book, 26 min ago | 8.58 bp | 21.0 bp −$21 | 53.7 bp −$537 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INJUSD | −0.0215% | 1h | 7.5277 | −0.454% | $775K | $3.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.5185 | −0.575% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5329 | −0.385% | $78K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0028% | 1h | 7.5265 | −0.469% | $16K | — | 150x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0016% | 1h | 7.5281 | −0.448% | $6K | $24K | 25x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.5260 | −0.476% | $68K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.5270 | −0.463% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.5341 | −0.369% | $25.3M | $8.7M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.5340 | −0.370% | $138K | $420K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.5354 | −0.352% | $32.8M | $97.2M | 75x | as long as short |
Kraken Futures PF_INJUSD
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Deribit INJ_USDC-PERPETUAL
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Hyperliquid INJ
Aster INJUSDT
Binance INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | +0.0100% | 8h | 7.5345 | −0.364% | $20.8M | $31.6M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.5390 | −0.304% | $6.1M | $18.7M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.5320 | −0.397% | $2.6M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.5260 | −0.476% | $8.4M | $18.2M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.5310 | −0.410% | $13.8M | $10.3M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5023 | −0.790% | $268K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.5040 | −0.767% | $45K | $270K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.5337 | −0.374% | $112K | $562K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.5260 | −0.476% | $1.6M | $5.6M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.5330 | −0.383% | — | $20.7M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.5360 | −0.344% | $29.8M | $20.1M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0267% / S −0.0198% | 1h | 7.5237 | −0.507% | $29K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0480% | 1h | 7.5370 | −0.331% | $369K | $635K | 50x | |
| Injective INJ/USDC PERPlong | +0.1029% | 1h | 7.5620 | long leg | $315K | $12.1M | 30x |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]