Funding you earn now, next payment 08:00 UTC−0.0580%/8h= −63.5% APRpaid last 24h −0.129%
Price spread now: Bitget against Coinbase International−0.039%7-day average −0.213% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$870.874% of the position
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now −0.039%, 7d avg −0.213%
=The price spread pays, funding is against you. Bitget is 0.175% dearer against Coinbase International than usual: you sell high and buy low (spread −0.039% now, against its 7-day average of −0.213%): +$17 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.153% in total) that is about 8.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.153% in total (about -8.0% 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 | Coinbase International INJ-PERP-INTX | 7.7860 | 0.0680 | pay 0.0085% / 1h | 37m 33s | $389K | $749K | 50x |
| Short | Bitget INJUSDT | 7.7830 | 0.0100 | get 0.0100% / 8h | 7h 37m | $14.3M | $12.1M | 75x |
Coinbase International INJ-PERP-INTX
Bitget INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Coinbase International. 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
- −$121.8
- Price spread: −0.039% → −0.213%
- $17.49
- Slippage, 4 orders
- −$65.43
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$191.73
- Costs to cover
- 0.874%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 61 min ago; Bitget: live order book, 1 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 Coinbase International live order book, 61 min ago | 7.13 bp | 31.1 bp −$31 | 80.1 bp −$801 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 2.57 bp | 10.0 bp −$10 | 18.8 bp −$188 | 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 | 7.7795 | −0.083% | — | — | 20x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0022% | 1h | 7.7774 | −0.111% | $18K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0032% | 1h | 7.7822 | −0.049% | $80K | $18K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7760 | −0.128% | $70K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7800 | −0.077% | $35K | $72K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7859 | −0.001% | $150K | $445K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7890 | +0.039% | $34.6M | $104.0M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.7823 | −0.048% | $21.6M | $32.9M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7880 | +0.026% | $6.1M | $21.0M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7840 | −0.026% | $2.7M | $5.8M | 50x | as long as short |
Reya INJRUSDPERP
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDT
Bybit 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 | 7.7830 | −0.039% | $8.6M | $18.7M | 50x | as long as short |
| Bitget INJUSDTshort | +0.0100% | 8h | 7.7830 | −0.039% | $14.3M | $12.1M | 75x | |
| Variational Omni INJ | +0.0100% | 8h | 7.7912 | +0.067% | $277K | $143K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7990 | +0.167% | $47K | $266K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7869 | +0.011% | $119K | $642K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7840 | −0.026% | $1.7M | $5.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.7870 | +0.013% | — | $21.7M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.7910 | +0.064% | $31.3M | $21.0M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0327% / S −0.0344% | 1h | 7.7795 | −0.083% | $41K | — | 100x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0599% | 1h | 7.7842 | −0.023% | $5K | $27K | 25x | as long as short |
| Hyperliquid INJ | +0.0670% | 1h | 7.7989 | +0.166% | $26.2M | $8.8M | 5x | as long as short |
| Coinbase International INJ-PERP-INTXlong | +0.0680% | 1h | 7.7860 | long leg | $389K | $749K | 50x | |
| Kraken Futures PF_INJUSD | +0.0827% | 1h | 7.7863 | +0.004% | $844K | $3.8M | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1302% | 1h | 7.8050 | +0.244% | $320K | $11.3M | 30x | as long as short |
KuCoin INJUSDTM
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Deribit INJ_USDC-PERPETUAL
Hyperliquid INJ
Kraken Futures PF_INJUSD
Injective INJ/USDC PERP