Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.009%

Price spread now: dYdX against Gate+0.063%7-day average — · you sell dearer than you buy

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

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$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. dYdX is 0.063% dearer against Gate than usual: you sell high and buy low (spread +0.063% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate INJ_USDT	7.5750	0.0100	pay 0.0100% / 8h	4h 15m	$2.7M	$5.3M	50x
Short	dYdX INJ-USD	7.5798	0	get 0.0000% / 1h	15m 50s	$78K	$17K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Gate. 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 GatebpFee dYdXbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$21
Price spread: +0.063% → 0.000%: $6.34
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$39.66
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; dYdX: 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 Gate live order book, 2 min ago	3.30 bp	16.1 bp −$16	47.3 bp −$473	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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	7.5723	−0.036%	—	—	20x	as long as short
dYdX INJ-USDshort	0.0000%	1h	7.5798	+0.063%	$78K	$17K	5x
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.5792	+0.055%	$6K	$24K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.5780	+0.040%	$3K	—	150x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.5750	0.000%	$68K	—	3x	as long as short
Hyperliquid INJ	+0.0100%	1h	7.5910	+0.211%	$25.7M	$8.9M	5x	as long as short
Aster INJUSDT	+0.0100%	8h	7.5746	−0.006%	$140K	$422K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.5810	+0.079%	$33.4M	$97.0M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.5786	+0.048%	$21.1M	$32.1M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.5770	+0.026%	$6.1M	$19.3M	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_USDTlong	+0.0100%	8h	7.5750	long leg	$2.7M	$5.3M	50x
KuCoin INJUSDTM	+0.0100%	8h	7.5780	+0.040%	$9.4M	$17.5M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.5760	+0.013%	$13.9M	$10.6M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.5702	−0.064%	$266K	$151K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.5720	−0.040%	$45K	$271K	50x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.5760	+0.013%	$34K	$94K	10x	as long as short
Extended INJ-USD	+0.0104%	1h	7.5699	−0.068%	$112K	$366K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.5770	+0.026%	$1.7M	$5.9M	75x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0267% / S −0.0198%	1h	7.5768	+0.024%	$29K	—	100x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.5800	+0.066%	—	$21.2M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.5780	+0.040%	$29.9M	$21.3M	300x	as long as short
Kraken Futures PF_INJUSD	+0.0325%	1h	7.5760	+0.013%	$811K	$3.4M	50x	as long as short
Coinbase International INJ-PERP-INTX	+0.0688%	1h	7.5820	+0.092%	$373K	$605K	50x	as long as short
Injective INJ/USDC PERP	+0.1333%	1h	7.5950	+0.264%	$317K	$12.1M	30x	as long as short