Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 7.7070 | +0.0100 | pay 0.0100% / 8h | 3h 19m | $1.6M | $2.7M | 50x | Long Phemex | |
| SHORT | 7.7390 | +0.1089 | get 0.0136% / 1h | 19m 33s | $588K | $11.4M | 25x | Short Injective |
Price gap+0.415%65s
Funding gap+0.0989% /8h
Funding pays +$30 a day on $10k, but the gap is 0.081% under its 7d average: −$8 if it goes back, about 7 hours of funding. At the last 7 days' pace that is about 2.1 days.
The two prices were read 65 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$24+0.0989% /8h now · paid +0.241% over the last 6 days (all we have)
Price—spread +0.415%65s now · prices read too far apart to compare
Costs−$870.872% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
The current funding rate is far above what this pair has been paying: over the last 6 days it paid +0.241% in total, about +0.0130%/8h on average.
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Injective price against Phemexnow
RANGE STATS · 7D
Now+0.415%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hINJ on 24 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size28.9 / 15.6 bpAt $10k entering Phemex costs 28.9 bp, fee and slippage, 1.9× Injective’s.
- Note: Margin at max leverage$200 + $400Phemex 50x, Injective 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$29.67Long Phemex: 3 payments, −$3.00; short Injective: 24 payments, +$32.67.
- Watch: Prices read 65 s apart+0.415% vs +0.496%Part of this gap may be the market moving.
- Watch: Short leg is thinner$588K vs $1.6M OIInjective sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhemex Yes · Injective NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0130%/8h × 21 periods+$27.29
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$75.17
Fee Phemex bp × 2 orders−$12.00
Fee Injective bp × 2 orders−$0.02
Net · 7 days · $10k−$59.90
price spread not counted: prices read too far apartCosts to cover0.872%Break-even22.4 days
Slippage: Phemex: live order book, 4 min ago; Injective: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex2.6028.9 bp−$29doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTInjective15.5815.6 bp−$1620.6 bp−$206doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 02:00 | Injective | Other | Tomorrow, the Injective Stockdrop goes live. Tokenized stock claims begin. Loyal ninjas who burned $INJ finally discover which onchain stock is waiting for them as a reward. 12 hours until the drop 🔥 @injective on X ↗ |
| 09-30 01:05 | Reya | Listing | INJRUSDPERP no longer reported ($INJ) seen by our collector |
| 09-29 18:25 | Injective | Token | Huge day tomorrow. Nearly $300,000 worth of $INJ will be bought back and burned forever. Loyal users of Injective will have a chance to earn onchain stock tokens for the first time for participating in the INJ buyback. @injective on X ↗ |
| 09-29 16:38 | Injective | Other | The Injective @fomo thesis competition has concluded. $INJ has been sent to all of the winners. Top winners: 1. @itesaitama: 2. @greyvese: 3. @reebmughal: We’ve also listed the runners-up below, who will share an additional 50 $INJ equally. Congratulations to all the winners and runners-up! Stay tuned for new upcoming contests. @injective on X ↗ |
| 09-29 11:41 | Injective | Other | The status of regulated institutional INJ products: $INJ ETP in Europe: Live $INJ Regulated U.S. Futures: Live $INJ 21Shares U.S. Spot ETF: Amended S-1/A with the SEC a few days ago Canary Staked $INJ U.S. ETF: Amendment No. 3 announced with an aim to stake 90% of INJ @injective on X ↗ |
| 09-29 05:27 | Injective | Other | First ever Injective Stockdrop. This week. A chance to get onchain stocks for Nvidia, $AMC, Meta and more while burning $INJ forever. Get ready 🥷 @injective on X ↗ |
Reya