Funding you earn now, next payment 01:00 UTC+0.0524%/8h= +57.4% APRpaid last 24h +0.110%
Price spread now: Coinbase International against Orderly+0.528%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Coinbase International is 0.528% dearer against Orderly than usual: you sell high and buy low: +$53 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.079% in total (about 4.1% 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 | Orderly PERP_INJ_USDC | 7.7600 | 0.0100 | pay 0.0100% / 8h | 6h 50m | $37K | $66K | 10x |
| Short | Coinbase International INJ-PERP-INTX | 7.8010 | 0.0624 | get 0.0078% / 1h | 50m 14s | $381K | $637K | 50x |
Orderly PERP_INJ_USDC
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Orderly. 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: +0.528% → 0.000%
- $52.84
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $146.88
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 18 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 Coinbase International live order book, 18 min ago | 10.20 bp | 25.0 bp −$25 | 63.0 bp −$630 | 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 | 7.7563 | −0.047% | — | — | 20x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.7596 | −0.005% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.7567 | −0.043% | $3K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0024% | 1h | 7.7690 | +0.115% | $80K | $17K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7555 | −0.058% | $70K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7629 | +0.037% | $148K | $427K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7593 | −0.009% | $35.3M | $93.0M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.7598 | −0.003% | $22.0M | $31.3M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7590 | −0.013% | $6.3M | $19.1M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7550 | −0.064% | $2.8M | $4.8M | 50x | as long as short |
Reya INJRUSDPERP
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Aevo INJ-PERP
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7590 | −0.013% | $9.3M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7560 | −0.052% | $14.2M | $10.3M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7673 | +0.094% | $275K | $158K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7600 | 0.000% | $47K | $312K | 50x | as long as short |
| Orderly PERP_INJ_USDClong | +0.0100% | 8h | 7.7600 | long leg | $37K | $66K | 10x | |
| Extended INJ-USD | +0.0104% | 1h | 7.7585 | −0.020% | $115K | $363K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7770 | +0.219% | $1.8M | $6.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.7610 | +0.013% | — | $21.5M | — | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0274% / S −0.0211% | 1h | 7.7549 | −0.066% | $30K | — | 100x | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.7590 | −0.013% | $30.9M | $21.0M | 300x | as long as short |
| Hyperliquid INJ | +0.0334% | 1h | 7.7731 | +0.169% | $26.2M | $8.8M | 5x | as long as short |
| Kraken Futures PF_INJUSD | +0.0408% | 1h | 7.7628 | +0.036% | $871K | $3.0M | 50x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0624% | 1h | 7.8010 | +0.528% | $381K | $637K | 50x | |
| Injective INJ/USDC PERP | +0.1354% | 1h | 7.8070 | +0.606% | $325K | $12.1M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
GMX INJ/USD [WBTC.b-USDC]
MEXC INJ_USDT
Hyperliquid INJ
Kraken Futures PF_INJUSD
Injective INJ/USDC PERP