Funding you earn now, next payment 00:00 UTC−0.1198%/8h= −131.2% APRpaid last 24h −0.323%
Price spread now: KuCoin against Injective−0.662%7-day average −0.226% · you buy dearer than you sell
Net, funding: paid 7d − costs−$269as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$940.938% of the position
Funding, last 7 days−1.753%−$175 on $10k
+Price spread, last 3 days (all we have)+0.250%+$25 · spread now −0.662%, 7d avg −0.226%
=Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and KuCoin is 0.436% cheaper against Injective than usual: you would sell low and buy high (−$44 if the spread goes back to its 7-day average of −0.226%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective INJ/USDC PERP | 8.0100 | 0.1298 | pay 0.0162% / 1h | 46m 47s | $328K | $12.1M | 30x |
| Short | KuCoin INJUSDTM | 7.9570 | 0.0100 | get 0.0100% / 8h | 46m 47s | $9.6M | $16.5M | 50x |
Injective INJ/USDC PERP
KuCoin INJUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$251.66
- Price spread: −0.662% → −0.226%
- −$43.57
- Slippage, 4 orders
- −$81.81
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$389.06
- Costs to cover
- 0.938%
- Break-even
- never at this rate
Slippage from Injective: live order book, 2 min ago; KuCoin: live order book, 2 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 | 16.88 bp | 28.1 bp −$28 | 2820.1 bp −$28.2K | 118200.8 bp −$11.82M | 631003.6 bp −$315.50M |
| Sell KuCoin live order book, 2 min ago | 3.13 bp | 28.2 bp −$28 | 61.7 bp −$617 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.9845 | −0.319% | — | — | 20x | as long as short |
| Deribit INJ_USDC-PERPETUAL | −0.0177% | 1h | 7.9673 | −0.533% | $7K | $23K | 25x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.9445 | −0.818% | $92K | $8K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.9686 | −0.517% | $4K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.9641 | −0.573% | $72K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0099% | 8h | 7.9660 | −0.549% | $37K | $65K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.9535 | −0.706% | $159K | $440K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.9391 | −0.885% | $36.3M | $94.4M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.9330 | −0.961% | $22.5M | $32.1M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.9320 | −0.974% | $6.5M | $20.4M | 50x | as long as short |
Reya INJRUSDPERP
Deribit INJ_USDC-PERPETUAL
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance 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 | 7.9480 | −0.774% | $2.9M | $5.0M | 50x | as long as short |
| KuCoin INJUSDTMshort | +0.0100% | 8h | 7.9570 | −0.662% | $9.6M | $16.5M | 50x | |
| Bitget INJUSDT | +0.0100% | 8h | 7.9440 | −0.824% | $14.7M | $10.7M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.9455 | −0.805% | $283K | $160K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.9590 | −0.637% | $49K | $347K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.9564 | −0.669% | $121K | $460K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0200% | 1h | 7.9695 | −0.505% | $888K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.9760 | −0.424% | $1.8M | $7.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.9530 | −0.712% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.9510 | −0.737% | $32.4M | $22.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0358% / S −0.0418% | 1h | 7.9636 | −0.579% | $47K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.9870 | −0.287% | $392K | $728K | 50x | as long as short |
| Hyperliquid INJ | +0.0650% | 1h | 7.9546 | −0.692% | $27.0M | $9.6M | 5x | as long as short |
| Injective INJ/USDC PERPlong | +0.1298% | 1h | 8.0100 | long leg | $328K | $12.1M | 30x |
Gate INJ_USDT
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
Kraken Futures PF_INJUSD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Hyperliquid INJ