Funding you earn now, next payment 01:00 UTC+0.1336%/8h= +146.3% APRpaid last 24h +0.341%
Price spread now: Injective against Orderly+0.445%58s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.752%+$175 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 +$40 a day on $10k at the current rate, and Injective is 0.445% dearer against Orderly than usual: you sell high and buy low: +$45 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 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 | 7.8580 | 0.0100 | pay 0.0100% / 8h | 7h 39m | $38K | $66K | 10x |
| Short | Injective INJ/USDC PERP | 7.8930 | 0.1436 | get 0.0179% / 1h | 39m 30s | $329K | $12.1M | 30x |
Orderly PERP_INJ_USDC
Injective INJ/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $280.51
- Price spread: +0.445% → 0.000%
- $44.54
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $319.03
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Injective: live order book, 5 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 Injective live order book, 5 min ago | 25.36 bp | 25.4 bp −$25 | 45.5 bp −$455 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | −0.0238% | 8h | 7.8576 | −0.005% | $22.0M | $31.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.8608 | +0.036% | — | — | 20x | as long as short |
| Deribit INJ_USDC-PERPETUAL | −0.0170% | 1h | 7.8585 | +0.006% | $6K | $24K | 25x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8523 | −0.073% | $91K | $8K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8615 | +0.045% | $3K | — | 150x | as long as short |
| Gate INJ_USDT | +0.0079% | 8h | 7.8550 | −0.038% | $2.8M | $4.9M | 50x | as long as short |
| Variational Omni INJ | +0.0084% | 8h | 7.8543 | −0.047% | $280K | $160K | — | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8568 | −0.015% | $71K | — | 3x | as long as short |
| Orderly PERP_INJ_USDClong | +0.0100% | 8h | 7.8580 | long leg | $38K | $66K | 10x | |
| Aster INJUSDT | +0.0100% | 8h | 7.8645 | +0.083% | $150K | $443K | 20x | as long as short |
Bybit INJUSDT
Reya INJRUSDPERP
Deribit INJ_USDC-PERPETUAL
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Gate INJ_USDT
Variational Omni INJ
Aevo INJ-PERP
Aster INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance INJUSDT | +0.0100% | 8h | 7.8640 | +0.076% | $35.8M | $93.7M | 75x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8570 | −0.013% | $6.4M | $19.9M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8590 | +0.013% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8630 | +0.064% | $14.5M | $10.4M | 75x | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8610 | +0.038% | $48K | $349K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8591 | +0.014% | $117K | $630K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0194% | 1h | 7.8621 | +0.052% | $888K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8620 | +0.051% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8570 | −0.013% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8650 | +0.089% | $31.8M | $22.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0356% / S −0.0418% | 1h | 7.8619 | +0.049% | $47K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0584% | 1h | 7.8735 | +0.197% | $26.6M | $9.1M | 5x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.8820 | +0.305% | $386K | $661K | 50x | as long as short |
| Injective INJ/USDC PERPshort | +0.1436% | 1h | 7.8930 | +0.445% | $329K | $12.1M | 30x |
Binance INJUSDT
OKX INJ-USDT-SWAP
KuCoin INJUSDTM
Bitget INJUSDT
ApeX Omni INJUSDT
Extended INJ-USD
Kraken Futures PF_INJUSD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Coinbase International INJ-PERP-INTX