Funding you earn now, next payment 07:00 UTC+0.0508%/8h= +55.6% APRpaid last 24h +0.154%
Price spread now: Coinbase International against Bybit+0.462%7-day average +0.166% · 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−$60as in the Price arb table
costs, in and out, $10k−$900.900% of the position
Funding, last 7 days+0.162%+$16 on $10k
+Price spread, last 4 days (all we have)−0.325%−$33 · spread now +0.462%, 7d avg +0.166%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Coinbase International is 0.297% dearer against Bybit than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.166%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.162% in total (about 8.4% 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 | Bybit INJUSDT | 7.7014 | 0.0100 | pay 0.0100% / 8h | 11m 57s | $21.3M | $32.6M | 50x |
| Short | Coinbase International INJ-PERP-INTX | 7.7370 | 0.0608 | get 0.0076% / 1h | 11m 57s | $389K | $721K | 50x |
Bybit INJUSDT
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bybit. 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
- $106.68
- Price spread: +0.462% → +0.166%
- $29.67
- Slippage, 4 orders
- −$68.99
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $46.37
- Costs to cover
- 0.900%
- Break-even
- 4.0 days
Slippage from Bybit: live order book, 2 min ago; Coinbase International: live order book, 26 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 Bybit live order book, 2 min ago | 1.30 bp | 14.2 bp −$14 | 41.2 bp −$412 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 26 min ago | 7.13 bp | 28.8 bp −$29 | 61.2 bp −$612 | 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 | 7.6950 | −0.084% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7044 | +0.039% | $80K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0029% | 1h | 7.6974 | −0.052% | $17K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7005 | −0.012% | $70K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7020 | +0.008% | $34K | $83K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7029 | +0.020% | $148K | $447K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7034 | +0.025% | $34.0M | $103.2M | 75x | as long as short |
| Bybit INJUSDTlong | +0.0100% | 8h | 7.7014 | long leg | $21.3M | $32.6M | 50x | |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7030 | +0.021% | $6.1M | $20.6M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7000 | −0.018% | $2.7M | $5.9M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance 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 | 7.7040 | +0.034% | $8.6M | $18.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7010 | −0.005% | $14.1M | $11.7M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7018 | +0.005% | $273K | $144K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7150 | +0.177% | $46K | $266K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7031 | +0.022% | $115K | $640K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7090 | +0.099% | $1.7M | $5.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.7020 | +0.008% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.7060 | +0.060% | $30.6M | $20.9M | 300x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0296% | 1h | 7.7035 | +0.027% | $6K | $26K | 25x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0326% / S −0.0344% | 1h | 7.6971 | −0.056% | $40K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0479% | 1h | 7.7118 | +0.135% | $25.9M | $8.8M | 5x | as long as short |
| Kraken Futures PF_INJUSD | +0.0566% | 1h | 7.7084 | +0.091% | $808K | $3.6M | 50x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0608% | 1h | 7.7370 | +0.462% | $389K | $721K | 50x | |
| Injective INJ/USDC PERP | +0.1548% | 1h | 7.7430 | +0.540% | $316K | $12.5M | 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
Deribit INJ_USDC-PERPETUAL
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Kraken Futures PF_INJUSD
Injective INJ/USDC PERP