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

INJ

all INJ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0540%/8h= +59.1% APRpaid last 24h +0.091%
Price spread now: Coinbase International against Aster+0.458%7-day average +0.119% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$700.702% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.015%+$1 on $10k
Price spread, last 3 days (all we have)−0.408%−$41 · spread now +0.458%, 7d avg +0.119%
Together, before fees−0.393%+ Points / potential airdropAster: Stage 5 · farm board−$39 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Coinbase International is 0.338% dearer against Aster than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.119%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.015% in total (about 0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster INJUSDT7.79830.0100pay 0.0100% / 8h1h 16m$156K$440K20x
ShortCoinbase International INJ-PERP-INTX7.83400.0640get 0.0080% / 1h16m 38s$384K$715K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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
$113.4
Price spread: +0.458% → +0.119%
$33.84
Slippage, 4 orders
−$52.19
Fee Aster: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$77.05
Costs to cover
0.702%
Break-even
2.2 days
Slippage from Aster: live order book, 66 min ago; Coinbase International: live order book, 2 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 Aster live order book, 66 min ago5.79 bp12.9 bp −$1374.3 bp −$743doesn't fitdoesn't fit
Sell Coinbase International live order book, 2 min ago10.24 bp22.9 bp −$2350.2 bp −$502doesn't fitdoesn't fit

INJ on 24 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%1h7.7955−0.036%20xas long as short
Deribit INJ_USDC-PERPETUAL0.0000%1h7.8015+0.041%$7K$23K25xas long as short
gTrade (Gains Network) INJ/USDL +0.0006% / S −0.0002%1h7.8008+0.032%$3K150xas long as short
dYdX INJ-USD+0.0009%1h7.7978−0.007%$90K$8K5xas long as short
Aevo INJ-PERP+0.0096%1h7.7989+0.007%$70K$13K3xas long as short
Orderly PERP_INJ_USDC+0.0099%8h7.8010+0.035%$38K$63K10xas long as short
Kraken Futures PF_INJUSD+0.0099%1h7.8006+0.029%$872K$3.0M50xas long as short
Aster INJUSDTlong+0.0100%8h7.7983long leg$156K$440K20x
Binance INJUSDT+0.0100%8h7.7980−0.004%$35.6M$93.8M75xas long as short
Bybit INJUSDT+0.0100%8h7.7960−0.030%$21.6M$31.6M50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX INJ-USDT-SWAP+0.0100%8h7.7960−0.030%$6.4M$20.1M50xas long as short
Gate INJ_USDT+0.0100%8h7.7980−0.004%$2.8M$5.0M50xas long as short
KuCoin INJUSDTM+0.0100%8h7.8010+0.035%$9.5M$16.5M50xas long as short
Bitget INJUSDT+0.0100%8h7.8000+0.022%$14.3M$10.7M75xas long as short
Variational Omni INJ+0.0100%8h7.8005+0.029%$275K$157Kas long as short
ApeX Omni INJUSDT+0.0100%1h7.8160+0.227%$48K$349K50xas long as short
Extended INJ-USD+0.0104%1h7.7977−0.008%$118K$460K10xas long as short
BloFin INJ-USDT+0.0220%8h7.7960−0.030%$1.8M$7.7M75xas long as short
BingX INJ-USDT+0.0271%8h7.7970−0.017%$21.4Mas long as short
MEXC INJ_USDT+0.0285%8h7.7970−0.017%$31.8M$23.1M300xas long as short
GMX INJ/USD [WBTC.b-USDC]L +0.0355% / S −0.0418%1h7.8000+0.022%$46K100xas long as short
Coinbase International INJ-PERP-INTXshort+0.0640%1h7.8340+0.458%$384K$715K50x
Hyperliquid INJ+0.0653%1h7.8058+0.096%$26.5M$9.5M5xas long as short
Injective INJ/USDC PERP+0.1367%1h7.8280+0.381%$320K$12.1M30xas long as short