Funding you earn now, next payment 23:00 UTC−0.0528%/8h= −57.8% APRnext payment −$0.66 per $10,000 · paid last 24h −0.106%
Price spread now: Extended against Coinbase International−0.609%7-day average −0.149% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$650.654% of the position
Funding, last 7 days−0.148%−$15 on $10k
+Price spread, last 3 days (all we have)+0.526%+$53 · spread now −0.609%, 7d avg −0.149%
=Together, before fees+0.378%+ Points / potential airdropExtended: Active · farm board+$38 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Extended is 0.460% cheaper against Coinbase International than usual: you would sell low and buy high (−$46 if the spread goes back to its 7-day average of −0.149%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.148% in total (about -7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.66 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 | 7.8930 | 0.0632 | pay 0.0079% / 1h | 18m 33s | $386K | $719K | 50x |
| Short | Extended INJ-USD | 7.8449 | 0.0104 | get 0.0013% / 1h | 18m 33s | $119K | $460K | 10x |
Coinbase International INJ-PERP-INTX
Extended INJ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$110.88
- Price spread: −0.609% → −0.149%
- −$45.99
- Slippage, 4 orders
- −$50.37
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$222.25
- Costs to cover
- 0.654%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 60 min ago; Extended: live order book, 59 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, 60 min ago | 10.24 bp | 19.6 bp −$20 | 55.0 bp −$550 | doesn't fit | doesn't fit |
| Sell Extended live order book, 59 min ago | 2.12 bp | 11.5 bp −$12 | 73.4 bp −$734 | 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 | 7.8436 | −0.626% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8394 | −0.679% | $91K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8463 | −0.592% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8447 | −0.612% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8455 | −0.602% | $71K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0099% | 8h | 7.8450 | −0.608% | $38K | $66K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8505 | −0.539% | $150K | $449K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8453 | −0.604% | $35.7M | $95.0M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8391 | −0.683% | $22.0M | $32.1M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8420 | −0.646% | $6.4M | $20.2M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate INJ_USDT | +0.0100% | 8h | 7.8410 | −0.659% | $2.8M | $5.1M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8460 | −0.595% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8450 | −0.608% | $14.5M | $10.5M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8464 | −0.590% | $280K | $160K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8500 | −0.545% | $48K | $348K | 50x | as long as short |
| Extended INJ-USDshort | +0.0104% | 1h | 7.8449 | −0.609% | $119K | $460K | 10x | |
| Kraken Futures PF_INJUSD | +0.0203% | 1h | 7.8508 | −0.535% | $902K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8430 | −0.633% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8420 | −0.646% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8430 | −0.633% | $31.8M | $22.7M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0355% / S −0.0418% | 1h | 7.8464 | −0.590% | $47K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0558% | 1h | 7.8576 | −0.448% | $26.5M | $9.5M | 5x | as long as short |
| Coinbase International INJ-PERP-INTXlong | +0.0632% | 1h | 7.8930 | long leg | $386K | $719K | 50x | |
| Injective INJ/USDC PERP | +0.1298% | 1h | 7.8770 | −0.203% | $328K | $12.1M | 30x | as long as short |
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Kraken Futures PF_INJUSD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Injective INJ/USDC PERP