Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.011%

Price spread now: ApeX Omni against Orderly+0.090%70s7-day average — · you sell dearer than you buy

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

Long on Orderly Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.090% dearer against Orderly than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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	Orderly PERP_INJ_USDC	7.7780	0.0098	pay 0.0098% / 8h	1h 32m	$38K	$63K	10x
Short	ApeX Omni INJUSDT	7.7850	0.0100	get 0.0013% / 1h	32m 23s	$48K	$348K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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 OrderlybpFee ApeX OmnibpOrdersPrice spread, now +0.090%Rate

Funding earned: $0.32
Price spread: +0.090% → 0.000%: $9
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$6.68
Costs to cover: 0.160%
Break-even: 152.5 days

Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 50 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 50 min ago	5.14 bp	10.9 bp −$11	109.3 bp −$1,093	doesn't fit	doesn't fit

Orderly: 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	7.7749	−0.040%	—	—	20x	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.7814	+0.044%	$7K	$23K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.7797	+0.022%	$3K	—	150x	as long as short
dYdX INJ-USD	+0.0014%	1h	7.7885	+0.135%	$90K	$7K	5x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.7776	−0.005%	$70K	$13K	3x	as long as short
Orderly PERP_INJ_USDClong	+0.0098%	8h	7.7780	long leg	$38K	$63K	10x
Kraken Futures PF_INJUSD	+0.0099%	1h	7.7830	+0.064%	$871K	$3.1M	50x	as long as short
Aster INJUSDT	+0.0100%	8h	7.7901	+0.155%	$156K	$440K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.7790	+0.013%	$35.6M	$94.3M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.7721	−0.076%	$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-SWAP	+0.0100%	8h	7.7790	+0.013%	$6.4M	$20.0M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.7770	−0.013%	$2.8M	$5.0M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.7830	+0.064%	$9.5M	$16.4M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.7780	0.000%	$14.3M	$10.9M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.7746	−0.044%	$272K	$157K	—	as long as short
ApeX Omni INJUSDTshort	+0.0100%	1h	7.7850	+0.090%	$48K	$348K	50x
Extended INJ-USD	+0.0104%	1h	7.7775	−0.007%	$118K	$460K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.7800	+0.026%	$1.8M	$7.7M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.7780	0.000%	—	$21.4M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.7780	0.000%	$31.6M	$22.9M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0354% / S −0.0418%	1h	7.7792	+0.016%	$46K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0640%	1h	7.8270	+0.630%	$383K	$714K	50x	as long as short
Hyperliquid INJ	+0.0776%	1h	7.7894	+0.147%	$26.5M	$9.6M	5x	as long as short
Injective INJ/USDC PERP	+0.1367%	1h	7.8100	+0.411%	$320K	$12.1M	30x	as long as short