Funding you earn now, next payment 05:00 UTC−0.1072%/8h= −117.4% APRpaid last 24h −0.380%
Price spread now: OKX against Injective−0.473%108s7-day average −0.265% · you buy dearer than you sell
Net, funding: paid 7d − costs−$263as 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−$800.804% of the position
Funding, last 7 days−1.823%−$182 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now −0.473%, 7d avg −0.265%
=Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and OKX is 0.208% cheaper against Injective than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.265%). Swap the legs. The two prices were read 108 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 | 7.6120 | 0.1172 | pay 0.0147% / 1h | 55m 29s | $317K | $12.1M | 30x |
| Short | OKX INJ-USDT-SWAP | 7.5760 | 0.0100 | get 0.0100% / 8h | 3h 55m | $6.1M | $19.4M | 50x |
Injective INJ/USDC PERP
OKX INJ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$225.13
- Price spread: −0.473% → −0.265%
- −$20.78
- Slippage, 4 orders
- −$70.38
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$326.31
- Costs to cover
- 0.804%
- Break-even
- never at this rate
Slippage from Injective: live order book, 4 min ago; OKX: live order book, 3 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, 4 min ago | 26.40 bp | 26.4 bp −$26 | 2524.4 bp −$25.2K | 115244.0 bp −$11.52M | 616219.8 bp −$308.11M |
| Sell OKX live order book, 3 min ago | 1.32 bp | 15.3 bp −$15 | 33.0 bp −$330 | 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 | −0.0234% | 1h | 7.5571 | −0.722% | $801K | $3.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.5468 | −0.857% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5683 | −0.574% | $78K | $17K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.5579 | −0.711% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.5542 | −0.760% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.5528 | −0.778% | $68K | — | 3x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.5628 | −0.646% | $25.5M | $9.0M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.5500 | −0.815% | $139K | $421K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.5710 | −0.539% | $33.3M | $97.6M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.5720 | −0.525% | $21.1M | $32.3M | 50x | as long as short |
Kraken Futures PF_INJUSD
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Hyperliquid INJ
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-SWAPshort | +0.0100% | 8h | 7.5760 | −0.473% | $6.1M | $19.4M | 50x | |
| Gate INJ_USDT | +0.0100% | 8h | 7.5660 | −0.604% | $2.7M | $5.2M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.5690 | −0.565% | $9.4M | $17.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.5660 | −0.604% | $13.9M | $10.5M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5552 | −0.746% | $265K | $151K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.5550 | −0.749% | $45K | $271K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.5570 | −0.723% | $34K | $94K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.5667 | −0.595% | $112K | $364K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.5430 | −0.906% | $1.6M | $5.9M | 75x | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.5700 | −0.552% | $29.8M | $21.3M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0267% / S −0.0198% | 1h | 7.5538 | −0.765% | $29K | — | 100x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.5680 | −0.578% | — | $21.3M | — | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0552% | 1h | 7.5670 | −0.591% | $367K | $614K | 50x | as long as short |
| Injective INJ/USDC PERPlong | +0.1172% | 1h | 7.6120 | long leg | $317K | $12.1M | 30x |
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
BloFin INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
BingX INJ-USDT
Coinbase International INJ-PERP-INTX