Funding you earn now, next payment 23:00 UTC+0.0532%/8h= +58.3% APRpaid last 24h +0.097%
Price spread now: Coinbase International against KuCoin+1.242%51s7-day average +0.144% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as 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−$910.913% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 3 days (all we have)−1.190%−$119 · spread now +1.242%, 7d avg +0.144%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Coinbase International is 1.098% dearer against KuCoin than usual: you sell high and buy low: +$110 more if the spread goes back to its 7-day average of +0.144%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.064% in total (about 3.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin INJUSDTM | 7.8890 | 0.0100 | pay 0.0100% / 8h | 42m 31s | $9.6M | $16.5M | 50x |
| Short | Coinbase International INJ-PERP-INTX | 7.9870 | 0.0632 | get 0.0079% / 1h | 42m 31s | $392K | $728K | 50x |
KuCoin INJUSDTM
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against KuCoin. 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
- $111.72
- Price spread: +1.242% → +0.144%
- $109.8
- Slippage, 4 orders
- −$69.26
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $130.26
- Costs to cover
- 0.913%
- Break-even
- from the start
Slippage from KuCoin: live order book, 6 min ago; Coinbase International: live order book, 36 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 KuCoin live order book, 6 min ago | 3.13 bp | 20.6 bp −$21 | 46.4 bp −$464 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 36 min ago | 10.24 bp | 22.9 bp −$23 | 50.2 bp −$502 | 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 | 7.8883 | −0.009% | — | — | 20x | as long as short |
| Deribit INJ_USDC-PERPETUAL | −0.0016% | 1h | 7.8966 | +0.096% | $7K | $23K | 25x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8920 | +0.038% | $91K | $8K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8896 | +0.008% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8925 | +0.044% | $71K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0099% | 8h | 7.9000 | +0.139% | $37K | $65K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8971 | +0.103% | $158K | $440K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8941 | +0.065% | $36.0M | $94.7M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8870 | −0.025% | $22.3M | $32.2M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8870 | −0.025% | $6.5M | $20.3M | 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 | 7.8930 | +0.051% | $2.8M | $5.0M | 50x | as long as short |
| KuCoin INJUSDTMlong | +0.0100% | 8h | 7.8890 | long leg | $9.6M | $16.5M | 50x | |
| Bitget INJUSDT | +0.0100% | 8h | 7.8890 | 0.000% | $14.6M | $10.7M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.9315 | +0.539% | $283K | $160K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.9250 | +0.456% | $49K | $348K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8957 | +0.085% | $120K | $460K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0202% | 1h | 7.8925 | +0.045% | $879K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.9000 | +0.139% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8900 | +0.013% | — | $21.6M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8920 | +0.038% | $32.0M | $22.7M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0356% / S −0.0418% | 1h | 7.8905 | +0.019% | $47K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0611% | 1h | 7.9025 | +0.171% | $26.7M | $9.6M | 5x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0632% | 1h | 7.9870 | +1.242% | $392K | $728K | 50x | |
| Injective INJ/USDC PERP | +0.1298% | 1h | 7.9600 | +0.900% | $326K | $12.1M | 30x | as long as short |
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]
Hyperliquid INJ
Injective INJ/USDC PERP