Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 880.08 | +0.0220 | pay 0.0028% / 1h | 46m 45s | $9K | $301K | 10x | Long Injective | |
| SHORT | 895.06 | +0.0050 | get 0.0006% / 1h | 46m 45s | $255K | $208K | 10x | Short Backpack |
Price gap+1.702%1381s
Funding gap−0.0170% /8h
The gap pays +$165 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 32 days. At the last 7 days' pace that is about 8 months.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$5−0.0170% /8h now · paid −0.051% over the last 7D
Price—spread +1.702%1381s now · prices read too far apart to compare
Costsno datano order book for Injective
Result, before costs—no pointsneeds both prices read together
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+1.702%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hMU on 45 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Note: Order book unknown—No order-book sample for Injective: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $1,000Injective 10x, Backpack 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$5.10Long Injective: 24 payments, −$6.60; short Backpack: 24 payments, +$1.50.
- Watch: Prices read 23 min apart+1.702% vs +0.052%Part of this gap may be the market moving.
- Watch: Long leg is thinner$9K vs $255K OIInjective sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCInjective No · Backpack YesKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0024%/8h × 21 periods−$5.11
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Injective—
Fee Injective bp × 2 orders−$0.02
Fee Backpack bp × 2 orders−$10.00
Net, fees only · 7 days · $10k−$15.13
price spread not counted: prices read too far apartCosts to cover0.100%Break-evennever at this rate
Slippage: Injective: no order-book sample; Backpack: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGInjective—————
SELL · SHORTBackpack0.065.1 bp−$555.9 bp−$559doesn’t fitdoesn’t fit
Closing costs about the same again.
Injective: no data.
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