Funding arb · Price arb /

INJ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0300%/8h= +32.8% APRpaid last 24h —

Price spread now: OKX against Reya−0.149%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 OKX

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. OKX is 0.149% cheaper against Reya than usual: you would sell low and buy high (spread −0.149% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 40 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya INJRUSDPERP	7.8137	−0.0200	get 0.0025% / 1h	12m 46s	—	—	20x
Short	OKX INJ-USDT-SWAP	7.8020	0.0100	get 0.0100% / 8h	5h 12m	$6.4M	$18.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.149%Rate

Funding earned: $62.94
Price spread: −0.149% → 0.000%: −$14.91
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: $32.02
Costs to cover: 0.160%
Break-even: 3.4 days

Slippage unknown: Reya: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	0.64 bp	12.2 bp −$12	23.4 bp −$234	doesn't fit	doesn't fit

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	7.8137	long leg	—	—	20x
dYdX INJ-USD	+0.0003%	1h	7.8164	+0.036%	$81K	$17K	5x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.8170	+0.043%	$3K	—	150x	as long as short
Deribit INJ_USDC-PERPETUAL	+0.0032%	1h	7.8165	+0.036%	$6K	$24K	25x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.8074	−0.080%	$71K	—	3x	as long as short
Aster INJUSDT	+0.0100%	8h	7.8129	−0.009%	$149K	$413K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.8065	−0.091%	$35.4M	$89.9M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.8040	−0.124%	$22.1M	$30.3M	50x	as long as short
OKX INJ-USDT-SWAPshort	+0.0100%	8h	7.8020	−0.149%	$6.4M	$18.5M	50x
Gate INJ_USDT	+0.0100%	8h	7.8040	−0.124%	$2.8M	$4.9M	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	7.8070	−0.085%	$9.6M	$16.4M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.8020	−0.149%	$14.3M	$9.7M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.8320	+0.234%	$275K	$149K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.8410	+0.350%	$47K	$271K	50x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.8170	+0.043%	$35K	$92K	10x	as long as short
Extended INJ-USD	+0.0104%	1h	7.8042	−0.121%	$117K	$367K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.8100	−0.047%	$1.7M	$6.4M	75x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0269% / S −0.0198%	1h	7.8127	−0.013%	$30K	—	100x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.8070	−0.085%	—	$21.0M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.8040	−0.124%	$32.1M	$20.9M	300x	as long as short
Hyperliquid INJ	+0.0325%	1h	7.8151	+0.019%	$26.3M	$8.6M	5x	as long as short
Kraken Futures PF_INJUSD	+0.0438%	1h	7.8155	+0.023%	$864K	$3.0M	50x	as long as short
Coinbase International INJ-PERP-INTX	+0.0640%	1h	7.8360	+0.286%	$385K	$578K	50x	as long as short
Injective INJ/USDC PERP	+0.1331%	1h	7.8510	+0.478%	$327K	$12.1M	30x	as long as short