Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h 0.000%

Price spread now: dYdX against OKX+0.315%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 dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

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. dYdX is 0.315% dearer against OKX than usual: you sell high and buy low (spread +0.315% now, against zero (this spread has no 7-day history yet)): +$31 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX INJ-USDT-SWAP	7.7810	0.0100	pay 0.0100% / 8h	1h 28m	$6.4M	$20.0M	50x
Short	dYdX INJ-USD	7.8055	0.0012	get 0.0002% / 1h	28m 09s	$90K	$7K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.315%Rate

Funding earned: −$18.42
Price spread: +0.315% → 0.000%: $31.48
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$6.94
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: OKX: live order book, 5 min ago; dYdX: 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, 5 min ago	1.28 bp	12.6 bp −$13	28.4 bp −$284	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	7.7935	+0.161%	—	—	20x	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.7916	+0.136%	$7K	$23K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.7940	+0.167%	$3K	—	150x	as long as short
dYdX INJ-USDshort	+0.0012%	1h	7.8055	+0.315%	$90K	$7K	5x
Aevo INJ-PERP	+0.0096%	1h	7.7850	+0.051%	$70K	$13K	3x	as long as short
Orderly PERP_INJ_USDC	+0.0098%	8h	7.7940	+0.167%	$38K	$63K	10x	as long as short
Kraken Futures PF_INJUSD	+0.0099%	1h	7.7872	+0.079%	$871K	$3.1M	50x	as long as short
Aster INJUSDT	+0.0100%	8h	7.7997	+0.240%	$156K	$440K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.7885	+0.096%	$35.7M	$94.3M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.7802	−0.010%	$21.6M	$31.7M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX INJ-USDT-SWAPlong	+0.0100%	8h	7.7810	long leg	$6.4M	$20.0M	50x
Gate INJ_USDT	+0.0100%	8h	7.7950	+0.180%	$2.8M	$5.0M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.7880	+0.090%	$9.5M	$16.5M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.7820	+0.013%	$14.3M	$10.9M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.7825	+0.020%	$272K	$157K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.7920	+0.141%	$48K	$348K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.7951	+0.181%	$118K	$460K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.8050	+0.308%	$1.8M	$7.7M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.7930	+0.154%	—	$21.4M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.7840	+0.039%	$31.6M	$23.0M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0355% / S −0.0418%	1h	7.7922	+0.144%	$46K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0640%	1h	7.8080	+0.347%	$382K	$712K	50x	as long as short
Hyperliquid INJ	+0.0744%	1h	7.8055	+0.315%	$26.5M	$9.6M	5x	as long as short
Injective INJ/USDC PERP	+0.1367%	1h	7.8140	+0.424%	$320K	$12.1M	30x	as long as short