Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0133%/8h= +14.6% APRpaid last 24h +0.031%

Price spread now: GMX against MEXC−0.058%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.058% cheaper against MEXC than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 35 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC INJ_USDT	7.8510	0.0285	pay 0.0285% / 8h	7h 37m	$31.7M	$22.6M	300x
Short	GMX INJ/USD [WBTC.b-USDC]	7.8464	L +0.0356% / S −0.0418%	get 0.0052% / 1h	37m 44s	$47K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee GMXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $27.94
Price spread: −0.058% → 0.000%: −$5.8
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $10.15
Costs to cover: 0.120%
Break-even: 4.5 days

Slippage unknown: MEXC: live order book, 1 min ago; GMX: no order-book sample. Net counts fees only.

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 MEXC live order book, 1 min ago	0.64 bp	2.8 bp −$3	11.1 bp −$111	59.7 bp −$5,971	104.8 bp −$52.4K
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bybit INJUSDT	−0.0276%	8h	7.8460	−0.064%	$22.0M	$31.5M	50x	as long as short
Reya INJRUSDPERP	−0.0200%	1h	7.8451	−0.076%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.8452	−0.073%	$91K	$8K	5x	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.8502	−0.010%	$6K	$24K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.8485	−0.032%	$3K	—	150x	as long as short
Gate INJ_USDT	+0.0082%	8h	7.8470	−0.051%	$2.8M	$4.9M	50x	as long as short
Variational Omni INJ	+0.0084%	8h	7.8543	+0.042%	$280K	$160K	—	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.8459	−0.065%	$71K	—	3x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.8480	−0.038%	$38K	$66K	10x	as long as short
Aster INJUSDT	+0.0100%	8h	7.8480	−0.038%	$150K	$443K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance INJUSDT	+0.0100%	8h	7.8510	0.000%	$35.7M	$93.6M	75x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.8480	−0.038%	$6.4M	$19.8M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.8460	−0.064%	$9.5M	$16.6M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.8510	0.000%	$14.5M	$10.3M	75x	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.8610	+0.127%	$48K	$349K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.8491	−0.024%	$117K	$652K	10x	as long as short
Kraken Futures PF_INJUSD	+0.0194%	1h	7.8498	−0.015%	$887K	$3.0M	50x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.8550	+0.051%	$1.8M	$7.7M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.8480	−0.038%	—	$21.4M	—	as long as short
MEXC INJ_USDTlong	+0.0285%	8h	7.8510	long leg	$31.7M	$22.6M	300x
GMX INJ/USD [WBTC.b-USDC]short	L +0.0356% / S −0.0418%	1h	7.8464	−0.058%	$47K	—	100x
Hyperliquid INJ	+0.0570%	1h	7.8592	+0.104%	$26.5M	$9.1M	5x	as long as short
Coinbase International INJ-PERP-INTX	+0.0632%	1h	7.8820	+0.395%	$386K	$659K	50x	as long as short
Injective INJ/USDC PERP	+0.1436%	1h	7.8900	+0.497%	$329K	$12.1M	30x	as long as short