Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 7.7160 | +0.1022 | pay 0.0128% / 1h | 43m 39s | $585K | $11.4M | 25x | Long Injective | |
| SHORT | 7.6720 | +0.0100 | get 0.0100% / 8h | 2h 43m | $1.6M | $2.6M | 50x | Short Phemex |
Price gap−0.570%65s
Funding gap−0.0922% /8h
Both sides work against this direction now: funding costs $28 a day on $10k and the gap is 0.079% under its 7d average. Swap the legs.
The two prices were read 65 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$26−0.0922% /8h now · paid −0.255% over the last 6 days (all we have)
Price—spread −0.570%65s now · prices read too far apart to compare
Costs−$1181.183% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
The current funding rate is far below what this pair has been paying: over the last 6 days it paid −0.255% in total, about −0.0137%/8h on average.
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Phemex price against Injectivenow
RANGE STATS · 7D
Now−0.570%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hINJ on 24 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size28.0 / 30.1 bpAt $10k entering Phemex costs 30.1 bp, fee and slippage, 1.1× Injective’s.
- Note: Margin at max leverage$400 + $200Injective 25x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$27.66Long Injective: 24 payments, −$30.66; short Phemex: 3 payments, +$3.00.
- Watch: Prices read 65 s apart−0.570% vs −0.492%Part of this gap may be the market moving.
- Watch: Long leg is thinner$585K vs $1.6M OIInjective sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCInjective No · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0137%/8h × 21 periods−$28.71
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$106.26
Fee Injective bp × 2 orders−$0.02
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$146.99
price spread not counted: prices read too far apartCosts to cover1.183%Break-evennever at this rate
Slippage: Injective: live order book, just now; Phemex: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGInjective27.9628.0 bp−$2828.0 bp−$28048591.9 bp−$4.86M282959.1 bp−$141.48M
SELL · SHORTPhemex8.4630.1 bp−$30doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 02:00 | Injective | Other | Tomorrow, the Injective Stockdrop goes live. Tokenized stock claims begin. Loyal ninjas who burned $INJ finally discover which onchain stock is waiting for them as a reward. 12 hours until the drop 🔥 @injective on X ↗ |
| 09-30 01:05 | Reya | Listing | INJRUSDPERP no longer reported ($INJ) seen by our collector |
| 09-29 18:25 | Injective | Token | Huge day tomorrow. Nearly $300,000 worth of $INJ will be bought back and burned forever. Loyal users of Injective will have a chance to earn onchain stock tokens for the first time for participating in the INJ buyback. @injective on X ↗ |
| 09-29 16:38 | Injective | Other | The Injective @fomo thesis competition has concluded. $INJ has been sent to all of the winners. Top winners: 1. @itesaitama: 2. @greyvese: 3. @reebmughal: We’ve also listed the runners-up below, who will share an additional 50 $INJ equally. Congratulations to all the winners and runners-up! Stay tuned for new upcoming contests. @injective on X ↗ |
| 09-29 11:41 | Injective | Other | The status of regulated institutional INJ products: $INJ ETP in Europe: Live $INJ Regulated U.S. Futures: Live $INJ 21Shares U.S. Spot ETF: Amended S-1/A with the SEC a few days ago Canary Staked $INJ U.S. ETF: Amendment No. 3 announced with an aim to stake 90% of INJ @injective on X ↗ |
| 09-29 05:27 | Injective | Other | First ever Injective Stockdrop. This week. A chance to get onchain stocks for Nvidia, $AMC, Meta and more while burning $INJ forever. Get ready 🥷 @injective on X ↗ |
Reya