Funding you earn now, next payment 06:00 UTC−0.0364%/8h= −39.9% APRpaid last 24h −0.127%
Price spread now: Orderly against Coinbase International+0.026%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Orderly is 0.026% dearer against Coinbase International than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.105% in total) that is about 41 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% 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 | 7.6790 | 0.0464 | pay 0.0058% / 1h | 46m 42s | $382K | $673K | 50x |
| Short | Orderly PERP_INJ_USDC | 7.6810 | 0.0100 | get 0.0100% / 8h | 1h 46m | $35K | $94K | 10x |
Coinbase International INJ-PERP-INTX
Orderly PERP_INJ_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$76.52
- Price spread: +0.026% → 0.000%
- $2.6
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$89.92
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 61 min ago; Orderly: 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, 61 min ago | 8.58 bp | 32.8 bp −$33 | 75.6 bp −$756 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | 7.6833 | +0.056% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.6760 | −0.040% | $79K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0017% | 1h | 7.6790 | 0.000% | $19K | — | 150x | as long as short |
| Kraken Futures PF_INJUSD | +0.0054% | 1h | 7.6839 | +0.064% | $799K | $3.5M | 50x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6795 | +0.007% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDCshort | +0.0100% | 8h | 7.6810 | +0.026% | $35K | $94K | 10x | |
| Aster INJUSDT | +0.0100% | 8h | 7.6782 | −0.010% | $140K | $421K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.6792 | +0.003% | $33.9M | $97.9M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.6770 | −0.026% | $21.3M | $31.9M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.6820 | +0.039% | $6.2M | $19.2M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Kraken Futures PF_INJUSD
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate INJ_USDT | +0.0100% | 8h | 7.6770 | −0.026% | $2.7M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6750 | −0.052% | $8.5M | $18.3M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6720 | −0.091% | $14.1M | $10.5M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6432 | −0.466% | $271K | $150K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.6740 | −0.065% | $46K | $269K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6776 | −0.018% | $114K | $563K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.6890 | +0.130% | $1.7M | $5.7M | 75x | as long as short |
| Hyperliquid INJ | +0.0223% | 1h | 7.6858 | +0.089% | $25.8M | $8.6M | 5x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.6710 | −0.104% | — | $20.9M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.6810 | +0.026% | $30.1M | $20.0M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0268% / S −0.0198% | 1h | 7.6784 | −0.007% | $29K | — | 100x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0284% | 1h | 7.6836 | +0.060% | $7K | $25K | 25x | as long as short |
| Coinbase International INJ-PERP-INTXlong | +0.0464% | 1h | 7.6790 | long leg | $382K | $673K | 50x | |
| Injective INJ/USDC PERP | +0.1179% | 1h | 7.7140 | +0.456% | $322K | $12.1M | 30x | as long as short |
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
Hyperliquid INJ
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Deribit INJ_USDC-PERPETUAL
Injective INJ/USDC PERP