Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0163%/8h= +17.9% APRpaid last 24h +0.061%

Price spread now: BloFin against dYdX−0.112%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.348%+$35 on $10k

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. BloFin is 0.112% cheaper against dYdX than usual: you would sell low and buy high (spread −0.112% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 2.3 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX INJ-USD	7.8308	0.0057	pay 0.0007% / 1h	18m 55s	$80K	$18K	5x
Short	BloFin INJ-USDT	7.8220	0.0220	get 0.0220% / 8h	7h 18m	$1.3M	$5.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 dYdXbpFee BloFinbpOrdersPrice spread, now −0.112%Rate

Funding earned: $34.32
Price spread: −0.112% → 0.000%: −$11.23
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $1.09
Costs to cover: 0.220%
Break-even: 6.8 days

Slippage unknown: dYdX: no order-book sample; BloFin: 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 dYdX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 5 min ago	0.64 bp	9.2 bp −$9	31.0 bp −$310	doesn't fit	doesn't fit

dYdX: 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	7.8224	−0.107%	—	—	20x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0007% / S −0.0023%	1h	7.8233	−0.095%	$18K	—	150x	as long as short
dYdX INJ-USDlong	+0.0057%	1h	7.8308	long leg	$80K	$18K	5x
Aevo INJ-PERP	+0.0096%	1h	7.8205	−0.131%	$71K	—	3x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.8260	−0.061%	$35K	$72K	10x	as long as short
Aster INJUSDT	+0.0100%	8h	7.8179	−0.165%	$150K	$445K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.8213	−0.122%	$34.8M	$103.5M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.8200	−0.138%	$21.6M	$32.4M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.8200	−0.138%	$6.2M	$21.0M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.8180	−0.163%	$2.7M	$5.8M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin INJUSDTM	+0.0100%	8h	7.8210	−0.125%	$8.6M	$18.6M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.8170	−0.176%	$14.3M	$12.0M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.8374	+0.084%	$278K	$143K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.8340	+0.041%	$47K	$266K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.8168	−0.178%	$120K	$639K	10x	as long as short
BloFin INJ-USDTshort	+0.0220%	8h	7.8220	−0.112%	$1.3M	$5.9M	75x
BingX INJ-USDT	+0.0248%	8h	7.8180	−0.163%	—	$21.8M	—	as long as short
MEXC INJ_USDT	+0.0261%	8h	7.8230	−0.100%	$31.4M	$21.2M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0327% / S −0.0344%	1h	7.8245	−0.080%	$41K	—	100x	as long as short
Deribit INJ_USDC-PERPETUAL	+0.0492%	1h	7.8277	−0.040%	$5K	$24K	25x	as long as short
Hyperliquid INJ	+0.0664%	1h	7.8330	+0.028%	$26.3M	$8.8M	5x	as long as short
Coinbase International INJ-PERP-INTX	+0.0680%	1h	7.8520	+0.271%	$392K	$755K	50x	as long as short
Kraken Futures PF_INJUSD	+0.0822%	1h	7.8338	+0.038%	$856K	$3.8M	50x	as long as short
Injective INJ/USDC PERP	+0.1302%	1h	7.8620	+0.398%	$323K	$11.5M	30x	as long as short