Funding you earn now, next payment 07:00 UTC+0.0504%/8h= +55.2% APRnext payment +$0.63 per $10,000 · paid last 24h +0.136%
Price spread now: Coinbase International against Extended+0.381%7-day average +0.141% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$830.831% of the position
Funding, last 7 days+0.192%+$19 on $10k
+Price spread, last 4 days (all we have)−0.288%−$29 · spread now +0.381%, 7d avg +0.141%
=Together, before fees−0.096%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Coinbase International is 0.240% dearer against Extended than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.141%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.192% in total (about 10.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.63 per $10,000. 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 | Extended INJ-USD | 7.7076 | 0.0104 | pay 0.0013% / 1h | 13m 41s | $115K | $640K | 10x |
| Short | Coinbase International INJ-PERP-INTX | 7.7370 | 0.0608 | get 0.0076% / 1h | 13m 41s | $389K | $721K | 50x |
Extended INJ-USD
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Extended. 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
- $105.84
- Price spread: +0.381% → +0.141%
- $24.02
- Slippage, 4 orders
- −$68.08
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $46.79
- Costs to cover
- 0.831%
- Break-even
- 3.9 days
Slippage from Extended: live order book, 24 min ago; Coinbase International: live order book, 25 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 Extended live order book, 24 min ago | 1.88 bp | 11.9 bp −$12 | 84.2 bp −$842 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 25 min ago | 7.13 bp | 28.8 bp −$29 | 61.2 bp −$612 | doesn't fit | doesn't fit |
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 | 7.7059 | −0.022% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7119 | +0.055% | $80K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0029% | 1h | 7.7215 | +0.180% | $17K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7244 | +0.217% | $70K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7250 | +0.225% | $34K | $83K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7070 | −0.008% | $148K | $447K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7040 | −0.048% | $34.0M | $103.0M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.7020 | −0.073% | $21.3M | $32.6M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7010 | −0.086% | $6.1M | $20.6M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7050 | −0.034% | $2.7M | $5.9M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7070 | −0.008% | $8.6M | $18.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7050 | −0.034% | $14.1M | $11.8M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7018 | −0.075% | $273K | $144K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7150 | +0.096% | $46K | $266K | 50x | as long as short |
| Extended INJ-USDlong | +0.0104% | 1h | 7.7076 | long leg | $115K | $640K | 10x | |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7170 | +0.122% | $1.7M | $5.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.7080 | +0.005% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.7090 | +0.018% | $30.7M | $20.8M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0326% / S −0.0344% | 1h | 7.7079 | +0.003% | $40K | — | 100x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0359% | 1h | 7.7280 | +0.264% | $6K | $26K | 25x | as long as short |
| Hyperliquid INJ | +0.0476% | 1h | 7.7154 | +0.101% | $25.9M | $8.8M | 5x | as long as short |
| Kraken Futures PF_INJUSD | +0.0564% | 1h | 7.7335 | +0.336% | $810K | $3.6M | 50x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0608% | 1h | 7.7370 | +0.381% | $389K | $721K | 50x | |
| Injective INJ/USDC PERP | +0.1548% | 1h | 7.7290 | +0.277% | $315K | $12.5M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Deribit INJ_USDC-PERPETUAL
Hyperliquid INJ
Kraken Futures PF_INJUSD
Injective INJ/USDC PERP