Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.052%
Price spread now: Gate against BloFin−0.194%93s7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as 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−$700.695% of the position
Funding, last 7 days−0.224%−$22 on $10k
+Price spread, last 4 days (all we have)−0.291%−$29 · spread now −0.194%, 7d avg −0.018%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.176% cheaper against BloFin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.018%). Swap the legs. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin INJ-USDT | 7.7470 | 0.0220 | pay 0.0220% / 8h | 5h 05m | $1.8M | $6.3M | 75x |
| Short | Gate INJ_USDT | 7.7320 | 0.0100 | get 0.0100% / 8h | 5h 05m | $2.7M | $5.0M | 50x |
BloFin INJ-USDT
Gate INJ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BloFin. 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
- −$25.2
- Price spread: −0.194% → −0.018%
- −$17.57
- Slippage, 4 orders
- −$42.53
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$112.3
- Costs to cover
- 0.695%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Gate: live order book, 3 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 BloFin live order book, 3 min ago | 2.57 bp | 11.3 bp −$11 | 27.3 bp −$273 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 3.22 bp | 21.9 bp −$22 | 51.6 bp −$516 | 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 | 7.7356 | −0.147% | — | — | 20x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.7347 | −0.159% | $6K | $24K | 25x | as long as short |
| dYdX INJ-USD | +0.0003% | 1h | 7.7262 | −0.268% | $80K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.7320 | −0.194% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7315 | −0.200% | $70K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7326 | −0.186% | $148K | $400K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7410 | −0.077% | $35.1M | $89.9M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.7390 | −0.103% | $21.9M | $30.3M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7390 | −0.103% | $6.3M | $18.3M | 50x | as long as short |
| Gate INJ_USDTshort | +0.0100% | 8h | 7.7320 | −0.194% | $2.7M | $5.0M | 50x |
Reya INJRUSDPERP
Deribit INJ_USDC-PERPETUAL
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7370 | −0.129% | $9.5M | $16.5M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7370 | −0.129% | $14.2M | $9.7M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7290 | −0.232% | $272K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7860 | +0.503% | $47K | $270K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7320 | −0.194% | $34K | $92K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7279 | −0.247% | $116K | $367K | 10x | as long as short |
| BloFin INJ-USDTlong | +0.0220% | 8h | 7.7470 | long leg | $1.8M | $6.3M | 75x | |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0269% / S −0.0198% | 1h | 7.7321 | −0.193% | $29K | — | 100x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.7360 | −0.142% | — | $21.1M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.7320 | −0.194% | $31.8M | $21.0M | 300x | as long as short |
| Hyperliquid INJ | +0.0328% | 1h | 7.7456 | −0.018% | $26.1M | $8.6M | 5x | as long as short |
| Kraken Futures PF_INJUSD | +0.0442% | 1h | 7.7354 | −0.150% | $855K | $2.9M | 50x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0640% | 1h | 7.7600 | +0.168% | $381K | $572K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1331% | 1h | 7.7960 | +0.633% | $325K | $12.1M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
GMX INJ/USD [WBTC.b-USDC]
BingX INJ-USDT
MEXC INJ_USDT
Hyperliquid INJ
Kraken Futures PF_INJUSD
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP