Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.022%

Price spread now: Gate against Deribit−0.146%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Gate is 0.146% cheaper against Deribit than usual: you would sell low and buy high (spread −0.146% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 4.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit INJ_USDC-PERPETUAL	7.8535	0	get 0.0000% / 1h	23m 14s	$7K	$23K	25x
Short	Gate INJ_USDT	7.8420	0.0100	get 0.0100% / 8h	23m 14s	$2.8M	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee GatebpOrdersPrice spread, now −0.146%Rate

Funding earned: $21
Price spread: −0.146% → 0.000%: −$14.64
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$15.64
Costs to cover: 0.220%
Break-even: 12.2 days

Slippage unknown: Deribit: no order-book sample; Gate: live order book, 5 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Gate live order book, 5 min ago	4.45 bp	20.3 bp −$20	54.8 bp −$548	doesn't fit	doesn't fit

Deribit: 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	7.8449	−0.110%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.8393	−0.181%	$91K	$8K	5x	as long as short
Deribit INJ_USDC-PERPETUALlong	0.0000%	1h	7.8535	long leg	$7K	$23K	25x
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.8486	−0.063%	$3K	—	150x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.8497	−0.048%	$71K	$13K	3x	as long as short
Orderly PERP_INJ_USDC	+0.0099%	8h	7.8510	−0.032%	$38K	$66K	10x	as long as short
Aster INJUSDT	+0.0100%	8h	7.8533	−0.002%	$150K	$449K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.8530	−0.006%	$35.7M	$95.0M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.8460	−0.095%	$22.1M	$32.1M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.8470	−0.083%	$6.4M	$20.2M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate INJ_USDTshort	+0.0100%	8h	7.8420	−0.146%	$2.8M	$5.1M	50x
KuCoin INJUSDTM	+0.0100%	8h	7.8450	−0.108%	$9.5M	$16.6M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.8500	−0.045%	$14.5M	$10.5M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.8456	−0.101%	$280K	$160K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.8530	−0.006%	$48K	$348K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.8497	−0.049%	$119K	$460K	10x	as long as short
Kraken Futures PF_INJUSD	+0.0203%	1h	7.8565	+0.038%	$903K	$3.0M	50x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.8460	−0.095%	$1.8M	$7.7M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.8460	−0.095%	—	$21.5M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.8490	−0.057%	$31.8M	$22.7M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0356% / S −0.0418%	1h	7.8500	−0.045%	$47K	—	100x	as long as short
Hyperliquid INJ	+0.0547%	1h	7.8591	+0.071%	$26.5M	$9.5M	5x	as long as short
Coinbase International INJ-PERP-INTX	+0.0632%	1h	7.8930	+0.503%	$386K	$719K	50x	as long as short
Injective INJ/USDC PERP	+0.1298%	1h	7.8850	+0.401%	$329K	$12.1M	30x	as long as short