Funding you earn now, next payment 01:00 UTC−0.0524%/8h= −57.4% APRpaid last 24h −0.136%
Price spread now: OKX against Coinbase International−0.561%7-day average −0.176% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$750.750% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 3 days (all we have)+0.394%+$39 · spread now −0.561%, 7d avg −0.176%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and OKX is 0.384% cheaper against Coinbase International than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of −0.176%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.133% in total (about -6.9% 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 | 7.8450 | 0.0624 | pay 0.0078% / 1h | 17m 49s | $383K | $603K | 50x |
| Short | OKX INJ-USDT-SWAP | 7.8010 | 0.0100 | get 0.0100% / 8h | 6h 17m | $6.3M | $19.0M | 50x |
Coinbase International INJ-PERP-INTX
OKX INJ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$110.04
- Price spread: −0.561% → −0.176%
- −$38.44
- Slippage, 4 orders
- −$54.99
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$223.47
- Costs to cover
- 0.750%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 50 min ago; OKX: 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, 50 min ago | 10.20 bp | 27.9 bp −$28 | 69.7 bp −$697 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.64 bp | 11.3 bp −$11 | 27.1 bp −$271 | doesn't fit | doesn't fit |
INJ on 23 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 | 7.8243 | −0.264% | — | — | 20x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8300 | −0.192% | $3K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0021% | 1h | 7.8318 | −0.169% | $81K | $17K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0044% | 1h | 7.8266 | −0.235% | $6K | $24K | 25x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8229 | −0.282% | $71K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8149 | −0.384% | $149K | $424K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8050 | −0.510% | $35.4M | $91.4M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8033 | −0.532% | $22.0M | $31.0M | 50x | as long as short |
| OKX INJ-USDT-SWAPshort | +0.0100% | 8h | 7.8010 | −0.561% | $6.3M | $19.0M | 50x | |
| Gate INJ_USDT | +0.0100% | 8h | 7.8030 | −0.535% | $2.7M | $4.9M | 50x | as long as short |
Reya INJRUSDPERP
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
Aevo INJ-PERP
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
Gate INJ_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8050 | −0.510% | $9.3M | $16.5M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8020 | −0.548% | $14.3M | $10.2M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8251 | −0.254% | $275K | $151K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8260 | −0.242% | $47K | $280K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8240 | −0.268% | $35K | $80K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8081 | −0.471% | $116K | $365K | 10x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0270% / S −0.0198% | 1h | 7.8271 | −0.228% | $30K | — | 100x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8040 | −0.523% | — | $21.3M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8050 | −0.510% | $31.9M | $21.3M | 300x | as long as short |
| Hyperliquid INJ | +0.0388% | 1h | 7.8134 | −0.403% | $26.3M | $8.9M | 5x | as long as short |
| Kraken Futures PF_INJUSD | +0.0404% | 1h | 7.8286 | −0.209% | $871K | $3.0M | 50x | as long as short |
| Coinbase International INJ-PERP-INTXlong | +0.0624% | 1h | 7.8450 | long leg | $383K | $603K | 50x | |
| Injective INJ/USDC PERP | +0.1354% | 1h | 7.8580 | +0.166% | $328K | $12.1M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
GMX INJ/USD [WBTC.b-USDC]
BingX INJ-USDT
MEXC INJ_USDT
Hyperliquid INJ
Kraken Futures PF_INJUSD
Injective INJ/USDC PERP