Funding you earn now, next payment 05:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h +0.085%
Price spread now: Coinbase International against BingX+0.146%53s7-day average +0.149% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$660.664% of the position
Funding, last 7 days−0.074%−$7 on $10k
+Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.146%, 7d avg +0.149%
=The price spread sits at its 7-day average of +0.149%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.074%, so the current rate has only just turned in your favour. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.074% in total (about -3.9% 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 | BingX INJ-USDT | 7.5130 | 0.0248 | pay 0.0248% / 8h | 2h 29m | — | $20.7M | — |
| Short | Coinbase International INJ-PERP-INTX | 7.5240 | 0.0480 | get 0.0060% / 1h | 29m 24s | $369K | $633K | 50x |
BingX INJ-USDT
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against BingX. 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
- $48.72
- Price spread: +0.146% → +0.149%
- −$0.29
- Slippage, 4 orders
- −$46.39
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$17.96
- Costs to cover
- 0.664%
- Break-even
- 9.6 days
Slippage from BingX: live order book, 9 min ago; Coinbase International: live order book, 19 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 BingX live order book, 9 min ago | 0.67 bp | 7.0 bp −$7 | 10.1 bp −$101 | 23.8 bp −$2,377 | 99.8 bp −$49.9K |
| Sell Coinbase International live order book, 19 min ago | 8.58 bp | 21.0 bp −$21 | 53.7 bp −$537 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INJUSD | −0.0215% | 1h | 7.5132 | +0.003% | $774K | $3.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.5114 | −0.022% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5089 | −0.055% | $78K | $17K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0003% | 1h | 7.5160 | +0.040% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0027% | 1h | 7.5162 | +0.042% | $16K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.5149 | +0.025% | $68K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.5150 | +0.027% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.5221 | +0.121% | $25.3M | $8.7M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.5165 | +0.047% | $137K | $418K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.5162 | +0.043% | $32.7M | $97.2M | 75x | as long as short |
Kraken Futures PF_INJUSD
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Hyperliquid INJ
Aster INJUSDT
Binance INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | +0.0100% | 8h | 7.5100 | −0.040% | $20.8M | $31.6M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.5150 | +0.027% | $6.1M | $18.6M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.5110 | −0.027% | $2.6M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.5110 | −0.027% | $8.4M | $18.2M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.5120 | −0.013% | $13.8M | $10.3M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5023 | −0.142% | $268K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.5160 | +0.040% | $45K | $270K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.5086 | −0.059% | $112K | $562K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.5100 | −0.040% | $1.6M | $5.6M | 75x | as long as short |
| BingX INJ-USDTlong | +0.0248% | 8h | 7.5130 | long leg | — | $20.7M | — | |
| MEXC INJ_USDT | +0.0261% | 8h | 7.5170 | +0.053% | $29.7M | $20.1M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0267% / S −0.0198% | 1h | 7.5157 | +0.036% | $28K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0480% | 1h | 7.5240 | +0.146% | $369K | $633K | 50x | |
| Injective INJ/USDC PERP | +0.1029% | 1h | 7.5390 | +0.346% | $314K | $12.1M | 30x | as long as short |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Injective INJ/USDC PERP