Funding you earn now, next payment 05:00 UTC−0.0924%/8h= −101.2% APRpaid last 24h −0.314%
Price spread now: BingX against Injective−0.617%87s7-day average −0.244% · you buy dearer than you sell
Net, funding: paid 7d − costs−$225as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$650.652% of the position
Funding, last 7 days−1.595%−$159 on $10k
+Price spread, last 4 days (all we have)+0.220%+$22 · spread now −0.617%, 7d avg −0.244%
=Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and BingX is 0.372% cheaper against Injective than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.244%). Swap the legs. The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective INJ/USDC PERP | 7.6230 | 0.1172 | pay 0.0147% / 1h | 23m 52s | $318K | $12.1M | 30x |
| Short | BingX INJ-USDT | 7.5760 | 0.0248 | get 0.0248% / 8h | 3h 23m | — | $21.0M | — |
Injective INJ/USDC PERP
BingX INJ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Injective. 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
- −$194.05
- Price spread: −0.617% → −0.244%
- −$37.24
- Slippage, 4 orders
- −$55.14
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$296.45
- Costs to cover
- 0.652%
- Break-even
- never at this rate
Slippage from Injective: live order book, just now; BingX: live order book, 15 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 Injective live order book, just now | 26.36 bp | 26.4 bp −$26 | 178.9 bp −$1,789 | 82923.2 bp −$8.29M | 454615.6 bp −$227.31M |
| Sell BingX live order book, 15 min ago | 0.66 bp | 5.7 bp −$6 | 8.8 bp −$88 | 17.0 bp −$1,698 | 57.0 bp −$28.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INJUSD | −0.0234% | 1h | 7.5779 | −0.592% | $780K | $3.4M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.5796 | −0.569% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5857 | −0.489% | $78K | $17K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.5809 | −0.552% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0035% | 1h | 7.5819 | −0.539% | $16K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.5777 | −0.594% | $68K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.5820 | −0.538% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.5834 | −0.519% | $25.6M | $8.7M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.5770 | −0.603% | $139K | $418K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.5747 | −0.634% | $33.1M | $96.2M | 75x | as long as short |
Kraken Futures PF_INJUSD
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Hyperliquid INJ
Aster INJUSDT
Binance INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | +0.0100% | 8h | 7.5760 | −0.617% | $21.1M | $31.7M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.5760 | −0.617% | $6.2M | $18.6M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.5720 | −0.669% | $2.7M | $5.2M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.5750 | −0.630% | $9.4M | $17.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.5710 | −0.682% | $13.9M | $10.2M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5891 | −0.445% | $267K | $144K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.5960 | −0.354% | $46K | $270K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.5745 | −0.636% | $113K | $357K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.5850 | −0.498% | $1.6M | $5.8M | 75x | as long as short |
| BingX INJ-USDTshort | +0.0248% | 8h | 7.5760 | −0.617% | — | $21.0M | — | |
| MEXC INJ_USDT | +0.0261% | 8h | 7.5770 | −0.603% | $29.8M | $21.5M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0267% / S −0.0198% | 1h | 7.5810 | −0.551% | $29K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0552% | 1h | 7.5990 | −0.315% | $368K | $614K | 50x | as long as short |
| Injective INJ/USDC PERPlong | +0.1172% | 1h | 7.6230 | long leg | $318K | $12.1M | 30x |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX