Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0311%/8h= +34.0% APRpaid last 24h −0.025%

Price spread now: Gate against Kraken Futures−0.116%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$770.766% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.332%−$33 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.116%, 7d avg −0.087%

Together, before fees−0.325%−$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.029% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.087%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.332%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_INJUSD	7.6729	−0.0211	get 0.0026% / 1h	1m 05s	$794K	$3.5M	50x
Short	Gate INJ_USDT	7.6640	0.0100	get 0.0100% / 8h	2h 01m	$2.7M	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 Kraken FuturesbpFee GatebpOrdersPrice spread, now −0.116%Rate

Funding earned: $65.27
Price spread: −0.116% → −0.087%: −$2.89
Slippage, 4 orders: −$51.64
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$14.25
Costs to cover: 0.766%
Break-even: 8.5 days

Slippage from Kraken Futures: live order book, 3 min ago; Gate: live order book, 2 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 Kraken Futures live order book, 3 min ago	5.21 bp	24.0 bp −$24	35.7 bp −$357	2902.1 bp −$290.2K	doesn't fit
Sell Gate live order book, 2 min ago	4.56 bp	17.0 bp −$17	48.3 bp −$483	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
Kraken Futures PF_INJUSDlong	−0.0211%	1h	7.6729	long leg	$794K	$3.5M	50x
Reya INJRUSDPERP	−0.0200%	1h	7.6672	−0.074%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.6900	+0.222%	$80K	$17K	5x	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.6721	−0.011%	$7K	$25K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0007% / S −0.0016%	1h	7.6686	−0.056%	$19K	—	150x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.6715	−0.018%	$69K	—	3x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.6700	−0.038%	$35K	$94K	10x	as long as short
Hyperliquid INJ	+0.0100%	1h	7.6758	+0.038%	$25.8M	$8.7M	5x	as long as short
Aster INJUSDT	+0.0100%	8h	7.6710	−0.025%	$139K	$420K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.6693	−0.047%	$33.8M	$97.9M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit INJUSDT	+0.0100%	8h	7.6656	−0.095%	$21.0M	$31.7M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.6670	−0.077%	$6.2M	$19.2M	50x	as long as short
Gate INJ_USDTshort	+0.0100%	8h	7.6640	−0.116%	$2.7M	$5.4M	50x
KuCoin INJUSDTM	+0.0100%	8h	7.6650	−0.103%	$8.5M	$18.2M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.6620	−0.142%	$14.0M	$10.4M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.6702	−0.036%	$272K	$150K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.6640	−0.116%	$46K	$270K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.6668	−0.080%	$114K	$563K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.6730	+0.001%	$1.6M	$5.7M	75x	as long as short
BingX INJ-USDT	+0.0248%	8h	7.6700	−0.038%	—	$20.8M	—	as long as short
MEXC INJ_USDT	+0.0261%	8h	7.6690	−0.051%	$30.0M	$20.3M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0268% / S −0.0198%	1h	7.6692	−0.048%	$29K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0480%	1h	7.6820	+0.118%	$375K	$660K	50x	as long as short
Injective INJ/USDC PERP	+0.1029%	1h	7.7140	+0.535%	$322K	$12.1M	30x	as long as short