Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.014%

Price spread now: Deribit against OKX+0.097%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Deribit is 0.097% dearer against OKX than usual: you sell high and buy low (spread +0.097% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX INJ-USDT-SWAP	7.8210	0.0100	pay 0.0100% / 8h	2h 26m	$6.4M	$20.5M	50x
Short	Deribit INJ_USDC-PERPETUAL	7.8286	0.0006	get 0.0001% / 1h	26m 12s	$7K	$23K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against OKX. 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 OKXbpFee DeribitbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$19.74
Price spread: +0.097% → 0.000%: $9.72
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$27.02
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 min ago; Deribit: 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 OKX live order book, 2 min ago	0.64 bp	16.5 bp −$17	32.4 bp −$324	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Reya INJRUSDPERP	−0.0200%	1h	7.8170	−0.051%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.8133	−0.098%	$90K	$10K	5x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.8210	0.000%	$3K	—	150x	as long as short
Deribit INJ_USDC-PERPETUALshort	+0.0006%	1h	7.8286	+0.097%	$7K	$23K	25x
Variational Omni INJ	+0.0051%	8h	7.7672	−0.689%	$272K	$156K	—	as long as short
Kraken Futures PF_INJUSD	+0.0077%	1h	7.8272	+0.079%	$890K	$3.2M	50x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.8261	+0.065%	$71K	$13K	3x	as long as short
Orderly PERP_INJ_USDC	+0.0097%	8h	7.8250	+0.051%	$38K	$65K	10x	as long as short
Aster INJUSDT	+0.0100%	8h	7.8250	+0.051%	$155K	$444K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.8280	+0.090%	$35.7M	$94.8M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit INJUSDT	+0.0100%	8h	7.8239	+0.037%	$21.7M	$31.9M	50x	as long as short
OKX INJ-USDT-SWAPlong	+0.0100%	8h	7.8210	long leg	$6.4M	$20.5M	50x
Gate INJ_USDT	+0.0100%	8h	7.8230	+0.026%	$2.8M	$5.1M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.8230	+0.026%	$9.5M	$16.2M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.8240	+0.038%	$14.3M	$10.9M	75x	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.7650	−0.716%	$47K	$347K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.8251	+0.053%	$119K	$460K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.7990	−0.281%	$1.8M	$7.8M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.8230	+0.026%	—	$21.3M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.8270	+0.077%	$32.0M	$23.7M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0354% / S −0.0391%	1h	7.8229	+0.025%	$47K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0688%	1h	7.8400	+0.243%	$390K	$705K	50x	as long as short
Hyperliquid INJ	+0.0795%	1h	7.8421	+0.270%	$26.5M	$9.1M	5x	as long as short
Injective INJ/USDC PERP	+0.1499%	1h	7.8210	0.000%	$320K	$12.1M	30x	as long as short