Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0291%/8h= +31.9% APRpaid last 24h +0.073%

Price spread now: GMX against Aster−0.200%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.200% cheaper against Aster than usual: you would sell low and buy high (spread −0.200% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 2.3 days of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster INJUSDT	7.7680	0.0100	pay 0.0100% / 8h	2h 00m	$155K	$440K	20x
Short	GMX INJ/USD [WBTC.b-USDC]	7.7525	L +0.0353% / S −0.0391%	get 0.0049% / 1h	0m 19s	$47K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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

Position, each leg$Hold fordaysFee AsterbpFee GMXbpOrdersPrice spread, now −0.200%Rate

Funding earned: $61.18
Price spread: −0.200% → 0.000%: −$19.98
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $21.2
Costs to cover: 0.200%
Break-even: 4.6 days

Slippage unknown: Aster: live order book, 22 min ago; GMX: 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 Aster live order book, 22 min ago	5.79 bp	12.9 bp −$13	74.3 bp −$743	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 INJRUSDPERP	−0.0200%	1h	7.7494	−0.239%	—	—	20x	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.7565	−0.148%	$7K	$23K	25x	as long as short
dYdX INJ-USD	+0.0006%	1h	7.7630	−0.065%	$90K	$10K	5x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.7551	−0.166%	$3K	—	150x	as long as short
Kraken Futures PF_INJUSD	+0.0078%	1h	7.7628	−0.067%	$884K	$3.2M	50x	as long as short
Variational Omni INJ	+0.0087%	8h	7.7552	−0.165%	$271K	$157K	—	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.7516	−0.211%	$70K	$13K	3x	as long as short
Orderly PERP_INJ_USDC	+0.0098%	8h	7.7550	−0.167%	$38K	$63K	10x	as long as short
Aster INJUSDTlong	+0.0100%	8h	7.7680	long leg	$155K	$440K	20x
Binance INJUSDT	+0.0100%	8h	7.7545	−0.173%	$35.4M	$94.8M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit INJUSDT	+0.0100%	8h	7.7490	−0.245%	$21.5M	$32.0M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.7480	−0.257%	$6.4M	$20.1M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.7530	−0.193%	$2.8M	$5.1M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.7590	−0.116%	$9.4M	$16.2M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.7540	−0.180%	$14.3M	$10.8M	75x	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.7570	−0.142%	$48K	$348K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.7536	−0.185%	$118K	$460K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.7610	−0.090%	$1.8M	$7.6M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.7560	−0.154%	—	$21.3M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.7520	−0.206%	$31.8M	$23.8M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]short	L +0.0353% / S −0.0391%	1h	7.7525	−0.200%	$47K	—	100x
Coinbase International INJ-PERP-INTX	+0.0688%	1h	7.7790	+0.142%	$389K	$699K	50x	as long as short
Hyperliquid INJ	+0.0996%	1h	7.7726	+0.059%	$26.8M	$9.4M	5x	as long as short
Injective INJ/USDC PERP	+0.1499%	1h	7.7980	+0.386%	$319K	$12.1M	30x	as long as short