Funding you earn now, next payment 08:00 UTC+0.0580%/8h= +63.5% APRpaid last 24h +0.133%
Price spread now: Coinbase International against Binance+0.055%7-day average +0.116% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$780.778% of the position
Funding, last 7 days+0.176%+$18 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.055%, 7d avg +0.116%
=Funding pays, the price is against you. Coinbase International is 0.060% cheaper against Binance than usual: you would sell low and buy high (spread +0.055% now, against its 7-day average of +0.116%). If the spread goes back, that is −$6 on $10k: about 8 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.176% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.176% in total (about 9.2% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance INJUSDT | 7.7657 | 0.0100 | pay 0.0100% / 8h | 7h 28m | $34.5M | $103.9M | 75x |
| Short | Coinbase International INJ-PERP-INTX | 7.7700 | 0.0680 | get 0.0085% / 1h | 28m 17s | $388K | $749K | 50x |
Binance INJUSDT
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $121.8
- Price spread: +0.055% → +0.116%
- −$6.04
- Slippage, 4 orders
- −$57.8
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $37.95
- Costs to cover
- 0.778%
- Break-even
- 4.8 days
Slippage from Binance: live order book, 15 min ago; Coinbase International: live order book, 5 min ago.
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 Binance live order book, 15 min ago | 0.64 bp | 11.5 bp −$11 | 23.5 bp −$235 | 124.6 bp −$12.5K | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 9.01 bp | 25.4 bp −$25 | 71.4 bp −$714 | doesn't fit | doesn't fit |
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 | 7.7513 | −0.186% | — | — | 20x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0022% | 1h | 7.7491 | −0.213% | $18K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0052% | 1h | 7.7463 | −0.250% | $80K | $18K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7568 | −0.115% | $70K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7590 | −0.086% | $34K | $72K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7603 | −0.069% | $149K | $445K | 20x | as long as short |
| Binance INJUSDTlong | +0.0100% | 8h | 7.7657 | long leg | $34.5M | $103.9M | 75x | |
| Bybit INJUSDT | +0.0100% | 8h | 7.7715 | +0.075% | $21.5M | $32.9M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7750 | +0.120% | $6.1M | $21.0M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7500 | −0.202% | $2.7M | $5.8M | 50x | as long as short |
Reya INJRUSDPERP
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7600 | −0.073% | $8.6M | $18.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7500 | −0.202% | $14.2M | $12.0M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7442 | −0.277% | $275K | $143K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7530 | −0.164% | $46K | $266K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7513 | −0.185% | $118K | $639K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7600 | −0.073% | $1.7M | $5.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.7520 | −0.176% | — | $21.7M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.7750 | +0.120% | $31.2M | $21.1M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0326% / S −0.0344% | 1h | 7.7514 | −0.185% | $40K | — | 100x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0485% | 1h | 7.7616 | −0.053% | $5K | $27K | 25x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0680% | 1h | 7.7700 | +0.055% | $388K | $749K | 50x | |
| Hyperliquid INJ | +0.0688% | 1h | 7.7581 | −0.098% | $26.1M | $8.8M | 5x | as long as short |
| Kraken Futures PF_INJUSD | +0.0828% | 1h | 7.7691 | +0.044% | $850K | $3.8M | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1302% | 1h | 7.7910 | +0.326% | $320K | $11.5M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Deribit INJ_USDC-PERPETUAL
Hyperliquid INJ
Kraken Futures PF_INJUSD
Injective INJ/USDC PERP