Funding you earn now, next payment 05:00 UTC+0.1072%/8h= +117.4% APRpaid last 24h +0.352%
Price spread now: Injective against KuCoin+1.146%85s7-day average +0.236% · you sell dearer than you buy
Net, funding: paid 7d − costs+$80as 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−$970.966% of the position
Funding, last 7 days+1.770%+$177 on $10k
+Price spread, last 4 days (all we have)−0.724%−$72 · spread now +1.146%, 7d avg +0.236%
=Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Injective is 0.910% dearer against KuCoin than usual: you sell high and buy low: +$91 more if the spread goes back to its 7-day average of +0.236%. 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 | KuCoin INJUSDTM | 7.5920 | 0.0100 | pay 0.0100% / 8h | 3h 15m | $9.5M | $17.7M | 50x |
| Short | Injective INJ/USDC PERP | 7.6790 | 0.1172 | get 0.0147% / 1h | 15m 48s | $320K | $12.1M | 30x |
KuCoin INJUSDTM
Injective INJ/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against KuCoin. 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
- $225.13
- Price spread: +1.146% → +0.236%
- $90.98
- Slippage, 4 orders
- −$84.58
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $219.52
- Costs to cover
- 0.966%
- Break-even
- 0.2 days
Slippage from KuCoin: live order book, 3 min ago; Injective: live order book, 3 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 KuCoin live order book, 3 min ago | 1.97 bp | 27.1 bp −$27 | 54.4 bp −$544 | doesn't fit | doesn't fit |
| Sell Injective live order book, 3 min ago | 26.22 bp | 26.2 bp −$26 | 45.7 bp −$457 | 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_INJUSD | −0.0233% | 1h | 7.5944 | +0.031% | $781K | $3.4M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.5878 | −0.056% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5935 | +0.020% | $79K | $17K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.5909 | −0.014% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0035% | 1h | 7.5930 | +0.013% | $16K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.5885 | −0.046% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.5910 | −0.013% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.5962 | +0.055% | $25.6M | $8.7M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.5920 | −0.001% | $139K | $418K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.5930 | +0.013% | $33.1M | $96.4M | 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 | 7.5887 | −0.043% | $21.1M | $31.8M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.5860 | −0.079% | $6.2M | $18.6M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.5880 | −0.053% | $2.7M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTMlong | +0.0100% | 8h | 7.5920 | long leg | $9.5M | $17.7M | 50x | |
| Bitget INJUSDT | +0.0100% | 8h | 7.5820 | −0.132% | $13.9M | $10.2M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5872 | −0.064% | $267K | $144K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.6120 | +0.263% | $46K | $271K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.5908 | −0.016% | $113K | $357K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.5960 | +0.053% | $1.6M | $5.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.5880 | −0.053% | — | $20.9M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.5880 | −0.053% | $29.9M | $21.5M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0267% / S −0.0198% | 1h | 7.5908 | −0.015% | $29K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0552% | 1h | 7.6070 | +0.198% | $368K | $619K | 50x | as long as short |
| Injective INJ/USDC PERPshort | +0.1172% | 1h | 7.6790 | +1.146% | $320K | $12.1M | 30x |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
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]
Coinbase International INJ-PERP-INTX