Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.12 per $10,000 · paid last 24h —

Price spread now: Deribit against Reya−1.238%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 Deribit

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. Deribit is 1.238% cheaper against Reya than usual: you would sell low and buy high (spread −1.238% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$124 on $10k: about 44 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya INJRUSDPERP	7.6978	−0.0200	get 0.0025% / 1h	43m 51s	—	—	20x
Short	Deribit INJ_USDC-PERPETUAL	7.6025	−0.0105	pay 0.0013% / 1h	43m 51s	$6K	$24K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −1.238%Rate

Funding earned: $19.89
Price spread: −1.238% → 0.000%: −$123.83
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$116.95
Costs to cover: 0.130%
Break-even: 48.2 days

Slippage unknown: Reya: no order-book sample; Deribit: no order-book sample. 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 Deribit no order-book sample	—	—	—	—	—

Reya and Deribit: 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	7.6978	long leg	—	—	20x
Deribit INJ_USDC-PERPETUALshort	−0.0105%	1h	7.6025	−1.238%	$6K	$24K	25x
dYdX INJ-USD	0.0000%	1h	7.7080	+0.132%	$80K	$17K	5x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.5990	−1.284%	$3K	—	150x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.5936	−1.354%	$69K	—	3x	as long as short
Aster INJUSDT	+0.0100%	8h	7.6244	−0.954%	$146K	$420K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.6080	−1.167%	$34.5M	$93.5M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.6120	−1.115%	$21.6M	$30.9M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.6090	−1.154%	$6.1M	$18.7M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.6050	−1.206%	$2.7M	$5.0M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin INJUSDTM	+0.0100%	8h	7.6150	−1.076%	$9.5M	$16.4M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.6100	−1.141%	$14.2M	$10.4M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.7161	+0.237%	$271K	$149K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.7130	+0.197%	$46K	$271K	50x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.5910	−1.388%	$34K	$92K	10x	as long as short
Extended INJ-USD	+0.0104%	1h	7.6051	−1.205%	$114K	$367K	10x	as long as short
Hyperliquid INJ	+0.0188%	1h	7.6196	−1.016%	$25.7M	$8.8M	5x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.6920	−0.076%	$1.7M	$5.8M	75x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0269% / S −0.0198%	1h	7.6784	−0.252%	$29K	—	100x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.6080	−1.167%	—	$21.2M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.6100	−1.141%	$32.7M	$21.0M	300x	as long as short
Kraken Futures PF_INJUSD	+0.0324%	1h	7.5964	−1.318%	$960K	$3.2M	50x	as long as short
Coinbase International INJ-PERP-INTX	+0.0688%	1h	7.5900	−1.401%	$375K	$572K	50x	as long as short
Injective INJ/USDC PERP	+0.1333%	1h	7.7580	+0.782%	$323K	$12.1M	30x	as long as short