Funding arb · Price arb /

INJ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Bitget+0.173%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on gTrade (Gains Network)

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—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.173% dearer against Bitget than usual: you sell high and buy low (spread +0.173% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget INJUSDT	7.5860	0.0100	pay 0.0100% / 8h	3h 21m	$13.9M	$10.2M	75x
Short	gTrade (Gains Network) INJ/USD	7.5991	L +0.0007% / S −0.0035%	get 0.0004% / 1h	21m 09s	$16K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bitget. 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 BitgetbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.173%Rate

Funding earned: −$13.66
Price spread: +0.173% → 0.000%: $17.27
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$18.39
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 min ago; gTrade (Gains Network): 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 Bitget live order book, 2 min ago	1.32 bp	13.2 bp −$13	18.5 bp −$185	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Kraken Futures PF_INJUSD	−0.0233%	1h	7.5985	+0.165%	$782K	$3.4M	50x	as long as short
Reya INJRUSDPERP	−0.0200%	1h	7.5957	+0.127%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.5998	+0.182%	$79K	$17K	5x	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.5985	+0.165%	$6K	$24K	25x	as long as short
gTrade (Gains Network) INJ/USDshort	L +0.0007% / S −0.0035%	1h	7.5991	+0.173%	$16K	—	150x
Aevo INJ-PERP	+0.0096%	1h	7.5962	+0.135%	$69K	—	3x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.5980	+0.158%	$34K	$94K	10x	as long as short
Hyperliquid INJ	+0.0100%	1h	7.6005	+0.191%	$25.6M	$8.7M	5x	as long as short
Aster INJUSDT	+0.0100%	8h	7.5944	+0.110%	$139K	$418K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.5940	+0.105%	$33.2M	$96.2M	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	7.5920	+0.079%	$21.1M	$31.8M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.5920	+0.079%	$6.2M	$18.6M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.5910	+0.066%	$2.7M	$5.2M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.5910	+0.066%	$9.4M	$17.6M	50x	as long as short
Bitget INJUSDTlong	+0.0100%	8h	7.5860	long leg	$13.9M	$10.2M	75x
Variational Omni INJ	+0.0100%	8h	7.5891	+0.041%	$267K	$144K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.5900	+0.053%	$46K	$271K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.5959	+0.130%	$113K	$357K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.5920	+0.079%	$1.6M	$5.8M	75x	as long as short
BingX INJ-USDT	+0.0248%	8h	7.5960	+0.132%	—	$20.9M	—	as long as short
MEXC INJ_USDT	+0.0261%	8h	7.5960	+0.132%	$29.9M	$21.5M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0267% / S −0.0198%	1h	7.5980	+0.159%	$29K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0552%	1h	7.6090	+0.303%	$368K	$617K	50x	as long as short
Injective INJ/USDC PERP	+0.1172%	1h	7.6140	+0.369%	$317K	$12.1M	30x	as long as short