Funding you earn now, next payment 01:00 UTC+0.0524%/8h= +57.4% APRpaid last 24h +0.136%
Price spread now: Coinbase International against OKX−0.217%7-day average +0.176% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$820.818% of the position
Funding, last 7 days+0.133%+$13 on $10k
+Price spread, last 3 days (all we have)+0.384%+$38 · spread now −0.217%, 7d avg +0.176%
=Funding pays, the price is against you. Coinbase International is 0.394% cheaper against OKX than usual: you would sell low and buy high (spread −0.217% now, against its 7-day average of +0.176%). If the spread goes back, that is −$39 on $10k: about 2.5 days of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.133% in total) that is about 21 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.133% in total (about 6.9% 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 | OKX INJ-USDT-SWAP | 7.8310 | 0.0100 | pay 0.0100% / 8h | 6h 26m | $6.3M | $19.1M | 50x |
| Short | Coinbase International INJ-PERP-INTX | 7.8140 | 0.0624 | get 0.0078% / 1h | 26m 36s | $382K | $601K | 50x |
OKX INJ-USDT-SWAP
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $110.04
- Price spread: −0.217% → +0.176%
- −$39.36
- Slippage, 4 orders
- −$61.76
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$11.08
- Costs to cover
- 0.818%
- Break-even
- 7.7 days
Slippage from OKX: live order book, 2 min ago; Coinbase International: live order book, 42 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 | 0.64 bp | 14.9 bp −$15 | 31.2 bp −$312 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 42 min ago | 10.20 bp | 25.0 bp −$25 | 63.0 bp −$630 | doesn't fit | doesn't fit |
INJ on 23 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 | 7.8127 | −0.233% | — | — | 20x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8090 | −0.281% | $3K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0025% | 1h | 7.8207 | −0.132% | $81K | $17K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8158 | −0.194% | $71K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8226 | −0.107% | $149K | $424K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8330 | +0.026% | $35.5M | $91.6M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8300 | −0.013% | $22.1M | $31.0M | 50x | as long as short |
| OKX INJ-USDT-SWAPlong | +0.0100% | 8h | 7.8310 | long leg | $6.3M | $19.1M | 50x | |
| Gate INJ_USDT | +0.0100% | 8h | 7.8250 | −0.077% | $2.8M | $4.9M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8220 | −0.115% | $9.4M | $16.5M | 50x | as long as short |
Reya INJRUSDPERP
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Aevo INJ-PERP
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
Gate INJ_USDT
KuCoin INJUSDTMShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget INJUSDT | +0.0100% | 8h | 7.8280 | −0.038% | $14.4M | $10.2M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7483 | −1.056% | $275K | $150K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7770 | −0.690% | $47K | $281K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8150 | −0.204% | $35K | $80K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8272 | −0.049% | $116K | $365K | 10x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0269% / S −0.0211% | 1h | 7.8099 | −0.270% | $31K | — | 100x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8290 | −0.026% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8260 | −0.064% | $31.7M | $21.3M | 300x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0288% | 1h | 7.8189 | −0.155% | $6K | $24K | 25x | as long as short |
| Hyperliquid INJ | +0.0368% | 1h | 7.8317 | +0.009% | $26.4M | $8.8M | 5x | as long as short |
| Kraken Futures PF_INJUSD | +0.0405% | 1h | 7.8205 | −0.134% | $878K | $3.0M | 50x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0624% | 1h | 7.8140 | −0.217% | $382K | $601K | 50x | |
| Injective INJ/USDC PERP | +0.1354% | 1h | 7.8140 | −0.217% | $326K | $12.1M | 30x | as long as short |
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
GMX INJ/USD [WBTC.b-USDC]
BingX INJ-USDT
MEXC INJ_USDT
Deribit INJ_USDC-PERPETUAL
Hyperliquid INJ
Kraken Futures PF_INJUSD
Injective INJ/USDC PERP