Funding you earn now, next payment 22:00 UTC−0.0640%/8h= −70.1% APRnext payment −$0.80 per $10,000 · paid last 24h −0.121%
Price spread now: dYdX against Coinbase International−0.125%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.224%−$22 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and dYdX is 0.125% cheaper against Coinbase International than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.224% in total (about -11.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.80 per $10,000. 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 | 7.8110 | 0.0640 | pay 0.0080% / 1h | 45m 42s | $383K | $712K | 50x |
| Short | dYdX INJ-USD | 7.8012 | 0 | get 0.0000% / 1h | 45m 42s | $90K | $8K | 5x |
Coinbase International INJ-PERP-INTX
dYdX INJ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$134.4
- Price spread: −0.125% → 0.000%
- −$12.52
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$166.92
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 38 min ago; dYdX: 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 Coinbase International live order book, 38 min ago | 10.93 bp | 17.2 bp −$17 | 47.9 bp −$479 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.7962 | −0.190% | — | — | 20x | as long as short |
| dYdX INJ-USDshort | 0.0000% | 1h | 7.8012 | −0.125% | $90K | $8K | 5x | |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8061 | −0.063% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.7998 | −0.144% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8025 | −0.109% | $71K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0098% | 8h | 7.8020 | −0.115% | $38K | $63K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0099% | 1h | 7.8064 | −0.058% | $883K | $3.1M | 50x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8035 | −0.096% | $156K | $440K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8020 | −0.115% | $35.7M | $94.4M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.7964 | −0.187% | $21.6M | $31.8M | 50x | as long as short |
Reya INJRUSDPERP
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Kraken Futures PF_INJUSD
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7980 | −0.166% | $6.4M | $20.1M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.8010 | −0.128% | $2.8M | $5.0M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8000 | −0.141% | $9.5M | $16.3M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7990 | −0.154% | $14.4M | $10.8M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7598 | −0.655% | $272K | $157K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7650 | −0.589% | $48K | $347K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8027 | −0.106% | $118K | $460K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7880 | −0.294% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8020 | −0.115% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8010 | −0.128% | $31.7M | $22.8M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0354% / S −0.0418% | 1h | 7.8004 | −0.136% | $46K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTXlong | +0.0640% | 1h | 7.8110 | long leg | $383K | $712K | 50x | |
| Hyperliquid INJ | +0.1068% | 1h | 7.8110 | 0.000% | $26.7M | $9.5M | 5x | as long as short |
| Injective INJ/USDC PERP | +0.1367% | 1h | 7.8170 | +0.077% | $320K | $12.1M | 30x | as long as short |
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
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