Funding you earn now, next payment 21:00 UTC+0.0588%/8h= +64.4% APRpaid last 24h +0.085%
Price spread now: Coinbase International against Bitget+0.219%7-day average +0.208% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$680.678% of the position
Funding, last 7 days+0.085%+$9 on $10k
+Price spread, last 3 days (all we have)−0.090%−$9 · spread now +0.219%, 7d avg +0.208%
=The price spread sits at its 7-day average of +0.208%, so right now this pair is about funding alone: +$18 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.085% in total (about 4.5% 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 | Bitget INJUSDT | 7.7780 | 0.0100 | pay 0.0100% / 8h | 2h 07m | $14.3M | $10.9M | 75x |
| Short | Coinbase International INJ-PERP-INTX | 7.7950 | 0.0688 | get 0.0086% / 1h | 7m 58s | $389K | $699K | 50x |
Bitget INJUSDT
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bitget. 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
- $123.48
- Price spread: +0.219% → +0.208%
- $1.02
- Slippage, 4 orders
- −$45.81
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $56.69
- Costs to cover
- 0.678%
- Break-even
- 3.8 days
Slippage from Bitget: live order book, 1 min ago; Coinbase International: live order book, 15 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 Bitget live order book, 1 min ago | 1.28 bp | 11.4 bp −$11 | 12.9 bp −$129 | 106.7 bp −$10.7K | doesn't fit |
| Sell Coinbase International live order book, 15 min ago | 10.93 bp | 24.6 bp −$25 | 48.0 bp −$480 | 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 | 7.7787 | +0.009% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7753 | −0.034% | $90K | $10K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.7811 | +0.040% | $3K | — | 150x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0033% | 1h | 7.7879 | +0.127% | $7K | $23K | 25x | as long as short |
| Variational Omni INJ | +0.0073% | 8h | 7.7603 | −0.227% | $272K | $157K | — | as long as short |
| Kraken Futures PF_INJUSD | +0.0078% | 1h | 7.7846 | +0.085% | $886K | $3.2M | 50x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7818 | +0.049% | $70K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0097% | 8h | 7.7850 | +0.090% | $38K | $65K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7802 | +0.029% | $156K | $443K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7757 | −0.030% | $35.6M | $94.8M | 75x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Deribit INJ_USDC-PERPETUAL
Variational Omni INJ
Kraken Futures PF_INJUSD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
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 | 7.7700 | −0.103% | $21.6M | $32.0M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7730 | −0.064% | $6.4M | $20.3M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7780 | 0.000% | $2.8M | $5.1M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7800 | +0.026% | $9.5M | $16.2M | 50x | as long as short |
| Bitget INJUSDTlong | +0.0100% | 8h | 7.7780 | long leg | $14.3M | $10.9M | 75x | |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7720 | −0.077% | $47K | $347K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7747 | −0.042% | $118K | $460K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7770 | −0.013% | $1.8M | $7.6M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.7750 | −0.039% | — | $21.3M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.7820 | +0.051% | $31.8M | $23.8M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0354% / S −0.0391% | 1h | 7.7823 | +0.055% | $47K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0688% | 1h | 7.7950 | +0.219% | $389K | $699K | 50x | |
| Hyperliquid INJ | +0.0945% | 1h | 7.7944 | +0.211% | $26.5M | $9.2M | 5x | as long as short |
| Injective INJ/USDC PERP | +0.1499% | 1h | 7.8040 | +0.334% | $319K | $12.1M | 30x | as long as short |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Injective INJ/USDC PERP