Funding you earn now, next payment 08:00 UTC−0.1448%/8h= −158.6% APRpaid last 24h −0.347%
Price spread now: KuCoin against Injective+0.207%85s7-day average −0.248% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,021as 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−$8458.445% of the position
Funding, last 7 days−1.767%−$177 on $10k
+Price spread, last 4 days (all we have)−0.677%−$68 · spread now +0.207%, 7d avg −0.248%
=The price spread pays, funding is against you. KuCoin is 0.455% dearer against Injective than usual: you sell high and buy low (spread +0.207% now, against its 7-day average of −0.248%): +$45 on $10k if it goes back. Holding the pair costs −$43 a day in funding at the current rate, which eats that in about 25 hours. The two prices were read 85 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 | 7.7420 | 0.1548 | pay 0.0194% / 1h | 49m 57s | $311K | $12.1M | 30x |
| Short | KuCoin INJUSDTM | 7.7580 | 0.0100 | get 0.0100% / 8h | 49m 57s | $8.7M | $18.6M | 50x |
Injective INJ/USDC PERP
KuCoin INJUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$304.17
- Price spread: +0.207% → −0.248%
- $45.49
- Slippage, 4 orders
- −$832.5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,103.2
- Costs to cover
- 8.445%
- Break-even
- never at this rate
Slippage from Injective: live order book, 4 min ago; KuCoin: live order book, 9 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, 4 min ago | 69.61 bp | 728.3 bp −$728 | 25755.8 bp −$257.6K | 347556.7 bp −$34.76M | 1777781.0 bp −$888.89M |
| Sell KuCoin live order book, 9 min ago | 5.85 bp | 19.6 bp −$20 | 55.5 bp −$555 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni INJUSDT | −0.0376% | 1h | 7.7410 | −0.013% | $46K | $267K | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.7422 | +0.002% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7448 | +0.036% | $80K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0029% | 1h | 7.7490 | +0.090% | $17K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7610 | +0.246% | $70K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0099% | 8h | 7.7640 | +0.284% | $34K | $83K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7550 | +0.168% | $143K | $435K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7573 | +0.198% | $34.6M | $102.2M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.7550 | +0.168% | $21.7M | $32.9M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7560 | +0.181% | $6.2M | $20.4M | 50x | as long as short |
ApeX Omni INJUSDT
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-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate INJ_USDT | +0.0100% | 8h | 7.7690 | +0.349% | $2.8M | $5.6M | 50x | as long as short |
| KuCoin INJUSDTMshort | +0.0100% | 8h | 7.7580 | +0.207% | $8.7M | $18.6M | 50x | |
| Bitget INJUSDT | +0.0100% | 8h | 7.7540 | +0.155% | $14.2M | $11.7M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7490 | +0.090% | $275K | $149K | — | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7569 | +0.192% | $122K | $590K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7570 | +0.194% | $1.7M | $5.8M | 75x | as long as short |
| Hyperliquid INJ | +0.0246% | 1h | 7.7778 | +0.462% | $26.1M | $8.8M | 5x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.7600 | +0.232% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.7530 | +0.142% | $31.3M | $20.5M | 300x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0304% | 1h | 7.7713 | +0.378% | $7K | $25K | 25x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0326% / S −0.0344% | 1h | 7.7503 | +0.107% | $40K | — | 100x | as long as short |
| Kraken Futures PF_INJUSD | +0.0561% | 1h | 7.7738 | +0.410% | $826K | $3.6M | 50x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0608% | 1h | 7.7700 | +0.362% | $390K | $714K | 50x | as long as short |
| Injective INJ/USDC PERPlong | +0.1548% | 1h | 7.7420 | long leg | $311K | $12.1M | 30x |
Gate INJ_USDT
Bitget INJUSDT
Variational Omni INJ
Extended INJ-USD
BloFin INJ-USDT
Hyperliquid INJ
BingX INJ-USDT
MEXC INJ_USDT
Deribit INJ_USDC-PERPETUAL
GMX INJ/USD [WBTC.b-USDC]
Kraken Futures PF_INJUSD
Coinbase International INJ-PERP-INTX