Funding you earn now, next payment 07:00 UTC−0.1079%/8h= −118.2% APRpaid last 24h −0.378%
Price spread now: OKX against Injective−0.598%108s7-day average −0.268% · you buy dearer than you sell
Net, funding: paid 7d − costs−$263as 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−$810.806% of the position
Funding, last 7 days−1.821%−$182 on $10k
+Price spread, last 4 days (all we have)+0.155%+$15 · spread now −0.598%, 7d avg −0.268%
=Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and OKX is 0.330% cheaper against Injective than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of −0.268%). Swap the legs. The two prices were read 108 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 | 7.6880 | 0.1179 | pay 0.0147% / 1h | 23m 30s | $321K | $12.1M | 30x |
| Short | OKX INJ-USDT-SWAP | 7.6420 | 0.0100 | get 0.0100% / 8h | 1h 23m | $6.2M | $19.1M | 50x |
Injective INJ/USDC PERP
OKX INJ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$226.69
- Price spread: −0.598% → −0.268%
- −$33.01
- Slippage, 4 orders
- −$70.59
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$340.31
- Costs to cover
- 0.806%
- Break-even
- never at this rate
Slippage from Injective: live order book, 1 min ago; OKX: live order book, 5 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, 1 min ago | 26.73 bp | 26.7 bp −$27 | 202.4 bp −$2,024 | 83389.9 bp −$8.34M | 456949.4 bp −$228.47M |
| Sell OKX live order book, 5 min ago | 0.65 bp | 12.5 bp −$13 | 29.0 bp −$290 | 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 | 7.6628 | −0.328% | — | — | 20x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0017% | 1h | 7.6612 | −0.348% | $19K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0015% | 1h | 7.6555 | −0.423% | $79K | $17K | 5x | as long as short |
| Kraken Futures PF_INJUSD | +0.0054% | 1h | 7.6570 | −0.403% | $780K | $3.5M | 50x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6544 | −0.437% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6540 | −0.442% | $34K | $94K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.6471 | −0.532% | $139K | $427K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.6455 | −0.552% | $33.7M | $97.7M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.6404 | −0.619% | $21.1M | $31.5M | 50x | as long as short |
| OKX INJ-USDT-SWAPshort | +0.0100% | 8h | 7.6420 | −0.598% | $6.2M | $19.1M | 50x |
Reya INJRUSDPERP
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Kraken Futures PF_INJUSD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate INJ_USDT | +0.0100% | 8h | 7.6510 | −0.481% | $2.7M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6520 | −0.468% | $8.5M | $18.3M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6410 | −0.611% | $14.0M | $10.5M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6602 | −0.362% | $272K | $150K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.6440 | −0.572% | $46K | $269K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6485 | −0.513% | $114K | $560K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.6650 | −0.299% | $1.7M | $5.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.6480 | −0.520% | — | $21.3M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.6510 | −0.481% | $29.9M | $20.1M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0268% / S −0.0198% | 1h | 7.6499 | −0.496% | $29K | — | 100x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0273% | 1h | 7.6571 | −0.402% | $7K | $25K | 25x | as long as short |
| Hyperliquid INJ | +0.0297% | 1h | 7.6611 | −0.350% | $25.7M | $8.6M | 5x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0464% | 1h | 7.6800 | −0.104% | $383K | $674K | 50x | as long as short |
| Injective INJ/USDC PERPlong | +0.1179% | 1h | 7.6880 | long leg | $321K | $12.1M | 30x |
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Deribit INJ_USDC-PERPETUAL
Hyperliquid INJ
Coinbase International INJ-PERP-INTX