Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0471%/8h= +51.5% APRpaid last 24h —

Price spread now: BingX against Reya−0.034%7-day average — · you buy dearer than you sell

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

Long on Reya Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. BingX is 0.034% cheaper against Reya than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya INJRUSDPERP	7.8096	−0.0200	get 0.0025% / 1h	33m 58s	—	—	20x
Short	BingX INJ-USDT	7.8070	0.0271	get 0.0271% / 8h	5h 33m	—	$21.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Reya. 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 ReyabpFee BingXbpOrdersPrice spread, now −0.034%Rate

Funding earned: $98.85
Price spread: −0.034% → 0.000%: −$3.37
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: $79.47
Costs to cover: 0.160%
Break-even: 1.4 days

Slippage unknown: Reya: no order-book sample; BingX: live order book, 4 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 Reya no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	0.65 bp	6.5 bp −$7	11.2 bp −$112	29.7 bp −$2,974	81.9 bp −$40.9K

Reya: 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 INJRUSDPERPlong	−0.0200%	1h	7.8096	long leg	—	—	20x
dYdX INJ-USD	0.0000%	1h	7.7864	−0.297%	$81K	$17K	5x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.8098	+0.002%	$3K	—	150x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.8131	+0.045%	$71K	—	3x	as long as short
Aster INJUSDT	+0.0100%	8h	7.8140	+0.056%	$149K	$424K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.8093	−0.004%	$35.3M	$90.1M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.8091	−0.007%	$22.0M	$30.3M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.8040	−0.072%	$6.4M	$18.6M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.8090	−0.008%	$2.8M	$4.9M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.8080	−0.021%	$9.4M	$16.5M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget INJUSDT	+0.0100%	8h	7.8080	−0.021%	$14.3M	$9.8M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.7540	−0.713%	$272K	$149K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.7260	−1.071%	$46K	$272K	50x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.8140	+0.056%	$35K	$92K	10x	as long as short
Extended INJ-USD	+0.0104%	1h	7.8101	+0.006%	$116K	$367K	10x	as long as short
Deribit INJ_USDC-PERPETUAL	+0.0134%	1h	7.8163	+0.085%	$6K	$24K	25x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.7890	−0.264%	$1.8M	$6.3M	75x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0269% / S −0.0198%	1h	7.8082	−0.019%	$30K	—	100x	as long as short
BingX INJ-USDTshort	+0.0271%	8h	7.8070	−0.034%	—	$21.2M	—
MEXC INJ_USDT	+0.0285%	8h	7.8080	−0.021%	$31.5M	$20.8M	300x	as long as short
Hyperliquid INJ	+0.0288%	1h	7.8220	+0.158%	$26.3M	$8.7M	5x	as long as short
Kraken Futures PF_INJUSD	+0.0438%	1h	7.8143	+0.060%	$866K	$3.0M	50x	as long as short
Coinbase International INJ-PERP-INTX	+0.0640%	1h	7.8030	−0.085%	$383K	$584K	50x	as long as short
Injective INJ/USDC PERP	+0.1331%	1h	7.7730	−0.469%	$324K	$12.1M	30x	as long as short