Funding you earn now, next payment 00:00 UTC−0.1013%/8h= −111.0% APRpaid last 24h −0.287%
Price spread now: MEXC against Injective−0.476%7-day average −0.207% · you buy dearer than you sell
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$610.614% of the position
Funding, last 7 days−1.533%−$153 on $10k
+Price spread, last 3 days (all we have)+0.069%+$7 · spread now −0.476%, 7d avg −0.207%
=Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and MEXC is 0.269% cheaper against Injective than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.207%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective INJ/USDC PERP | 7.9790 | 0.1298 | pay 0.0162% / 1h | 52m 29s | $327K | $12.1M | 30x |
| Short | MEXC INJ_USDT | 7.9410 | 0.0285 | get 0.0285% / 8h | 52m 29s | $32.4M | $22.6M | 300x |
Injective INJ/USDC PERP
MEXC INJ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$212.81
- Price spread: −0.476% → −0.207%
- −$26.92
- Slippage, 4 orders
- −$61.36
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$301.11
- Costs to cover
- 0.614%
- Break-even
- never at this rate
Slippage from Injective: live order book, 2 min ago; MEXC: 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, 2 min ago | 26.40 bp | 26.4 bp −$26 | 2812.4 bp −$28.1K | 118123.7 bp −$11.81M | 630618.2 bp −$315.31M |
| Sell MEXC live order book, 1 min ago | 2.51 bp | 4.4 bp −$4 | 14.3 bp −$143 | 60.7 bp −$6,068 | 122.0 bp −$61.0K |
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 | 7.9367 | −0.530% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.9425 | −0.457% | $92K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.9498 | −0.366% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.9456 | −0.419% | $4K | — | 150x | as long as short |
| ApeX Omni INJUSDT | +0.0079% | 1h | 7.9180 | −0.765% | $49K | $348K | 50x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.9485 | −0.382% | $72K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0099% | 8h | 7.9480 | −0.389% | $39K | $63K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.9475 | −0.395% | $159K | $440K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.9407 | −0.480% | $36.2M | $94.1M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.9340 | −0.564% | $21.9M | $31.7M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
ApeX Omni INJUSDT
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.9390 | −0.501% | $6.5M | $20.4M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.9380 | −0.514% | $2.9M | $5.0M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.9400 | −0.489% | $9.6M | $16.5M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.9370 | −0.526% | $14.6M | $10.6M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.9214 | −0.722% | $279K | $157K | — | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.9394 | −0.496% | $120K | $460K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0201% | 1h | 7.9496 | −0.368% | $882K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.9180 | −0.765% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.9380 | −0.514% | — | $21.5M | — | as long as short |
| MEXC INJ_USDTshort | +0.0285% | 8h | 7.9410 | −0.476% | $32.4M | $22.6M | 300x | |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0357% / S −0.0418% | 1h | 7.9470 | −0.401% | $47K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0605% | 1h | 7.9550 | −0.301% | $27.0M | $9.6M | 5x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.9570 | −0.276% | $390K | $729K | 50x | as long as short |
| Injective INJ/USDC PERPlong | +0.1298% | 1h | 7.9790 | long leg | $327K | $12.1M | 30x |
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
Extended INJ-USD
Kraken Futures PF_INJUSD
BloFin INJ-USDT
BingX INJ-USDT
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Coinbase International INJ-PERP-INTX