Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h 0.000%

Price spread now: gTrade (Gains Network) against OKX+0.080%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 gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.080% dearer against OKX than usual: you sell high and buy low (spread +0.080% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX INJ-USDT-SWAP	7.6320	0.0100	pay 0.0100% / 8h	2h 13m	$6.2M	$19.0M	50x
Short	gTrade (Gains Network) INJ/USD	7.6381	L +0.0007% / S −0.0016%	get 0.0002% / 1h	13m 24s	$18K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.080%Rate

Funding earned: −$17.55
Price spread: +0.080% → 0.000%: $7.98
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$29.57
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 min ago; gTrade (Gains Network): 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	0.66 bp	13.1 bp −$13	39.3 bp −$393	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Kraken Futures PF_INJUSD	−0.0212%	1h	7.6358	+0.049%	$786K	$3.5M	50x	as long as short
Reya INJRUSDPERP	−0.0200%	1h	7.6340	+0.026%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.6339	+0.024%	$79K	$17K	5x	as long as short
gTrade (Gains Network) INJ/USDshort	L +0.0007% / S −0.0016%	1h	7.6381	+0.080%	$18K	—	150x
Deribit INJ_USDC-PERPETUAL	+0.0078%	1h	7.6349	+0.038%	$6K	$24K	25x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.6375	+0.072%	$69K	—	3x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.6360	+0.052%	$34K	$94K	10x	as long as short
Hyperliquid INJ	+0.0100%	1h	7.6464	+0.189%	$25.7M	$8.7M	5x	as long as short
Aster INJUSDT	+0.0100%	8h	7.6381	+0.080%	$138K	$420K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.6393	+0.096%	$33.4M	$97.6M	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	7.6315	−0.007%	$21.0M	$31.7M	50x	as long as short
OKX INJ-USDT-SWAPlong	+0.0100%	8h	7.6320	long leg	$6.2M	$19.0M	50x
Gate INJ_USDT	+0.0100%	8h	7.6350	+0.039%	$2.7M	$5.3M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.6370	+0.066%	$8.5M	$18.2M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.6320	0.000%	$14.0M	$10.4M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.6002	−0.416%	$271K	$148K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.6100	−0.288%	$46K	$270K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.6361	+0.053%	$113K	$563K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.6130	−0.249%	$1.6M	$5.7M	75x	as long as short
BingX INJ-USDT	+0.0248%	8h	7.6380	+0.079%	—	$20.7M	—	as long as short
MEXC INJ_USDT	+0.0261%	8h	7.6390	+0.092%	$30.0M	$20.2M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0268% / S −0.0198%	1h	7.6384	+0.083%	$29K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0480%	1h	7.6450	+0.170%	$372K	$660K	50x	as long as short
Injective INJ/USDC PERP	+0.1029%	1h	7.6260	−0.079%	$318K	$12.1M	30x	as long as short