Funding you earn now, next payment 02:00 UTC−0.0540%/8h= −59.1% APRpaid last 24h −0.132%
Price spread now: Gate against Coinbase International−0.294%7-day average −0.164% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$930.931% of the position
Funding, last 7 days−0.138%−$14 on $10k
+Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.294%, 7d avg −0.164%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Gate is 0.130% cheaper against Coinbase International than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.164%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.138% in total (about -7.2% 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 | 7.8360 | 0.0640 | pay 0.0080% / 1h | 10m 37s | $385K | $578K | 50x |
| Short | Gate INJ_USDT | 7.8130 | 0.0100 | get 0.0100% / 8h | 5h 10m | $2.8M | $5.0M | 50x |
Coinbase International INJ-PERP-INTX
Gate INJ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$113.4
- Price spread: −0.294% → −0.164%
- −$12.98
- Slippage, 4 orders
- −$68.08
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$219.46
- Costs to cover
- 0.931%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 53 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 Coinbase International live order book, 53 min ago | 11.53 bp | 26.7 bp −$27 | 67.3 bp −$673 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 2.56 bp | 22.1 bp −$22 | 56.6 bp −$566 | 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 | 7.8104 | −0.327% | — | — | 20x | as long as short |
| dYdX INJ-USD | +0.0003% | 1h | 7.8117 | −0.310% | $81K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8120 | −0.306% | $3K | — | 150x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0083% | 1h | 7.8177 | −0.234% | $6K | $24K | 25x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8126 | −0.298% | $71K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8181 | −0.229% | $149K | $413K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8105 | −0.326% | $35.4M | $89.9M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8059 | −0.384% | $22.1M | $30.3M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8030 | −0.421% | $6.4M | $18.5M | 50x | as long as short |
| Gate INJ_USDTshort | +0.0100% | 8h | 7.8130 | −0.294% | $2.8M | $5.0M | 50x |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Deribit INJ_USDC-PERPETUAL
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 | 7.8090 | −0.345% | $9.6M | $16.4M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8060 | −0.383% | $14.3M | $9.7M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7980 | −0.485% | $274K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8190 | −0.217% | $47K | $271K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8140 | −0.281% | $35K | $92K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8141 | −0.279% | $117K | $367K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8130 | −0.294% | $1.8M | $6.4M | 75x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0269% / S −0.0198% | 1h | 7.8113 | −0.315% | $30K | — | 100x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8080 | −0.357% | — | $21.1M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8080 | −0.357% | $32.1M | $20.9M | 300x | as long as short |
| Hyperliquid INJ | +0.0334% | 1h | 7.8248 | −0.143% | $26.3M | $8.6M | 5x | as long as short |
| Kraken Futures PF_INJUSD | +0.0438% | 1h | 7.8187 | −0.221% | $864K | $3.0M | 50x | as long as short |
| Coinbase International INJ-PERP-INTXlong | +0.0640% | 1h | 7.8360 | long leg | $385K | $578K | 50x | |
| Injective INJ/USDC PERP | +0.1331% | 1h | 7.8290 | −0.089% | $326K | $12.1M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
BloFin INJ-USDT
GMX INJ/USD [WBTC.b-USDC]
BingX INJ-USDT
MEXC INJ_USDT
Hyperliquid INJ
Kraken Futures PF_INJUSD
Injective INJ/USDC PERP