Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.061%
Price spread now: BloFin against OKX+0.079%93s7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as 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−$520.519% of the position
Funding, last 7 days+0.225%+$22 on $10k
+Price spread, last 4 days (all we have)+0.231%+$23 · spread now +0.079%, 7d avg +0.015%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.064% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.015%. The two prices were read 93 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 | OKX INJ-USDT-SWAP | 7.5990 | 0.0100 | pay 0.0100% / 8h | 3h 51m | $6.1M | $19.4M | 50x |
| Short | BloFin INJ-USDT | 7.6050 | 0.0220 | get 0.0220% / 8h | 3h 51m | $1.7M | $5.9M | 75x |
OKX INJ-USDT-SWAP
BloFin INJ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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
- $25.2
- Price spread: +0.079% → +0.015%
- $6.39
- Slippage, 4 orders
- −$29.87
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$20.28
- Costs to cover
- 0.519%
- Break-even
- 12.6 days
Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 2 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 OKX live order book, 2 min ago | 0.66 bp | 11.7 bp −$12 | 25.5 bp −$255 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 1.98 bp | 15.6 bp −$16 | 35.5 bp −$355 | 167.2 bp −$16.7K | 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 | −0.0233% | 1h | 7.6052 | +0.081% | $804K | $3.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.6053 | +0.082% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.6005 | +0.020% | $79K | $17K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.6088 | +0.129% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.6110 | +0.158% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6039 | +0.065% | $69K | — | 3x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.6070 | +0.105% | $25.7M | $8.8M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.6083 | +0.122% | $140K | $421K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.6010 | +0.026% | $33.3M | $97.7M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.5990 | 0.000% | $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-SWAPlong | +0.0100% | 8h | 7.5990 | long leg | $6.1M | $19.4M | 50x | |
| Gate INJ_USDT | +0.0100% | 8h | 7.6040 | +0.066% | $2.7M | $5.2M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6040 | +0.066% | $9.4M | $17.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6010 | +0.026% | $14.0M | $10.5M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5552 | −0.577% | $265K | $151K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.5730 | −0.342% | $45K | $271K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6080 | +0.118% | $34K | $94K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6019 | +0.039% | $113K | $364K | 10x | as long as short |
| BloFin INJ-USDTshort | +0.0220% | 8h | 7.6050 | +0.079% | $1.7M | $5.9M | 75x | |
| BingX INJ-USDT | +0.0248% | 8h | 7.6090 | +0.132% | — | $21.2M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.6050 | +0.079% | $30.1M | $21.3M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0267% / S −0.0198% | 1h | 7.6092 | +0.134% | $29K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0552% | 1h | 7.6210 | +0.290% | $370K | $623K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1172% | 1h | 7.6040 | +0.066% | $317K | $12.1M | 30x | as long as short |
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP