INJ

Alert

Funding spread now, next payment 15:00 UTC+0.0696%/8h

paid, last 24h+0.028%paid, last 3 days+0.131%to open and closeno order book

Long on Deribit Short on Variational Omni

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.131% in total (about 16.3% 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	Deribit INJ_USDC-PERPETUAL	7.8743	−0.1006	get 0.0126% / 1h	47m 13s	$11K	$22K	25x
Short	Variational Omni INJ	7.8705	−0.0310	pay 0.0310% / 8h	1h 47m	$269K	$177K	—

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Variational OmnibpOrdersRate

Funding earned: $146.06
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $139.06
Break-even: 0.3 days

Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, 8 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.048%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Variational Omni RFQ quote, 8 min ago	3.33 bp	doesn't fit	32.6 bp −$326	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit INJ_USDC-PERPETUALlong	−0.1006%	1h	$11K	$22K	25x
Bybit INJUSDT	−0.0326%	8h	$22.0M	$33.3M	50x	as long as short
Variational Omni INJshort	−0.0310%	8h	$269K	$177K	—
OKX INJ-USDT-SWAP	−0.0214%	8h	$6.6M	$26.4M	50x	as long as short
Reya INJRUSDPERP	−0.0200%	1h	—	—	20x	as long as short
Gate INJ_USDT	−0.0195%	8h	$2.9M	$5.8M	50x	as long as short
Binance INJUSDT	−0.0097%	8h	$34.9M	$103.5M	75x	as long as short
Extended INJ-USD	−0.0096%	1h	$102K	$451K	10x	as long as short
Aevo INJ-PERP	−0.0096%	1h	$71K	$13K	3x	as long as short
dYdX INJ-USD	0.0000%	1h	$93K	$13K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	$3K	—	150x	as long as short
BloFin INJ-USDT	+0.0023%	8h	$1.9M	$7.5M	75x	as long as short
Kraken Futures PF_INJUSD	+0.0038%	1h	$1.0M	$3.1M	50x	as long as short
MEXC INJ_USDT	+0.0053%	8h	$31.5M	$23.7M	300x	as long as short
Orderly PERP_INJ_USDC	+0.0066%	8h	$33K	$80K	10x	as long as short
Aster INJUSDT	+0.0100%	8h	$171K	$531K	20x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	$10.0M	$17.3M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	$14.4M	$12.8M	75x	as long as short
BingX INJ-USDT	+0.0100%	8h	—	$23.9M	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	$50K	$315K	50x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0310% / S −0.0291%	1h	$49K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0344%	1h	$343K	$1.4M	50x	as long as short
Hyperliquid INJ	+0.0629%	1h	$26.8M	$9.5M	5x	as long as short
Injective INJ/USDC PERP	+0.1092%	1h	$322K	$12.2M	30x	as long as short