Settings8H · net · $10k
Funding arb · Price arb /

INJ

all INJ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.125%
Price spread now: Hyperliquid against ApeX Omni+0.185%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$460.464% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.182%+$18 on $10k
Price spread, last 4 days (all we have)−0.459%−$46 · spread now +0.185%, 7d avg +0.050%
Together, before fees−0.277%+ Points / potential airdropHyperliquid: Season 2 · farm board−$28 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.135% dearer against ApeX Omni than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.050%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni INJUSDT7.80400.0100pay 0.0013% / 1h59m 20s$47K$273K50x
ShortHyperliquid INJ7.81840.0100get 0.0013% / 1h59m 20s$26.3M$8.8M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against ApeX Omni. 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

Funding earned
$0
Price spread: +0.185% → +0.050%
$13.49
Slippage, 4 orders
−$27.37
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$32.89
Costs to cover
0.464%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 3 min ago; Hyperliquid: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 3 min ago7.69 bp14.2 bp −$1496.6 bp −$966doesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago0.51 bp9.3 bp −$9doesn't fitdoesn't fitdoesn't fit

INJ on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya INJRUSDPERP−0.0200%1h7.8069+0.037%20xas long as short
Deribit INJ_USDC-PERPETUAL0.0000%1h7.8062+0.028%$6K$24K25xas long as short
gTrade (Gains Network) INJ/USDL +0.0006% / S −0.0002%1h7.8041+0.002%$3K150xas long as short
dYdX INJ-USD+0.0015%1h7.8165+0.161%$81K$17K5xas long as short
Aevo INJ-PERP+0.0096%1h7.80400.000%$71K3xas long as short
Hyperliquid INJshort+0.0100%1h7.8184+0.185%$26.3M$8.8M5x
Aster INJUSDT+0.0100%8h7.8224+0.235%$149K$424K20xas long as short
Binance INJUSDT+0.0100%8h7.8070+0.038%$35.5M$90.1M75xas long as short
Bybit INJUSDT+0.0100%8h7.80400.000%$22.1M$30.7M50xas long as short
OKX INJ-USDT-SWAP+0.0100%8h7.8030−0.013%$6.4M$18.8M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate INJ_USDT+0.0100%8h7.8020−0.026%$2.8M$4.9M50xas long as short
KuCoin INJUSDTM+0.0100%8h7.8170+0.167%$9.4M$16.5M50xas long as short
Bitget INJUSDT+0.0100%8h7.8010−0.038%$14.3M$9.9M75xas long as short
Variational Omni INJ+0.0100%8h7.7961−0.101%$274K$151Kas long as short
ApeX Omni INJUSDTlong+0.0100%1h7.8040long leg$47K$273K50x
Orderly PERP_INJ_USDC+0.0100%8h7.8050+0.013%$35K$80K10xas long as short
Extended INJ-USD+0.0104%1h7.8060+0.025%$116K$365K10xas long as short
GMX INJ/USD [WBTC.b-USDC]L +0.0269% / S −0.0198%1h7.8020−0.026%$30K100xas long as short
BingX INJ-USDT+0.0271%8h7.8070+0.038%$21.2Mas long as short
MEXC INJ_USDT+0.0285%8h7.80400.000%$31.9M$20.6M300xas long as short
Kraken Futures PF_INJUSD+0.0438%1h7.8084+0.056%$868K$3.0M50xas long as short
Coinbase International INJ-PERP-INTX+0.0640%1h7.8120+0.103%$381K$593K50xas long as short
Injective INJ/USDC PERP+0.1331%1h7.8550+0.654%$327K$12.1M30xas long as short