Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0283%/8h= −31.0% APRpaid last 24h −0.071%

Price spread now: gTrade (Gains Network) against MEXC+0.029%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.029% dearer against MEXC than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC INJ_USDT	7.8650	0.0285	pay 0.0285% / 8h	7h 47m	$31.8M	$22.6M	300x
Short	gTrade (Gains Network) INJ/USD	7.8673	L +0.0006% / S −0.0002%	get 0.0000% / 1h	47m 42s	$3K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against MEXC. 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 MEXCbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.029%Rate

Funding earned: −$59.38
Price spread: +0.029% → 0.000%: $2.91
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$66.47
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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 MEXC live order book, 1 min ago	0.64 bp	2.9 bp −$3	11.6 bp −$116	60.1 bp −$6,014	122.3 bp −$61.1K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bybit INJUSDT	−0.0317%	8h	7.8604	−0.058%	$22.0M	$31.8M	50x	as long as short
Reya INJRUSDPERP	−0.0200%	1h	7.8631	−0.025%	—	—	20x	as long as short
Deribit INJ_USDC-PERPETUAL	−0.0080%	1h	7.8681	+0.039%	$6K	$24K	25x	as long as short
ApeX Omni INJUSDT	−0.0025%	1h	7.8570	−0.102%	$48K	$349K	50x	as long as short
dYdX INJ-USD	0.0000%	1h	7.8667	+0.022%	$91K	$8K	5x	as long as short
gTrade (Gains Network) INJ/USDshort	L +0.0006% / S −0.0002%	1h	7.8673	+0.029%	$3K	—	150x
Gate INJ_USDT	+0.0025%	8h	7.8610	−0.051%	$2.8M	$4.9M	50x	as long as short
Variational Omni INJ	+0.0096%	8h	7.8483	−0.213%	$280K	$160K	—	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.8639	−0.014%	$71K	—	3x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.8660	+0.013%	$38K	$66K	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster INJUSDT	+0.0100%	8h	7.8710	+0.076%	$150K	$443K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.8657	+0.009%	$35.8M	$94.2M	75x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.8630	−0.025%	$6.4M	$19.9M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.8650	0.000%	$9.5M	$16.6M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.8620	−0.038%	$14.5M	$10.4M	75x	as long as short
Extended INJ-USD	+0.0104%	1h	7.8643	−0.008%	$117K	$533K	10x	as long as short
Kraken Futures PF_INJUSD	+0.0194%	1h	7.8699	+0.063%	$889K	$3.0M	50x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.8670	+0.025%	$1.8M	$7.7M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.8640	−0.013%	—	$21.5M	—	as long as short
MEXC INJ_USDTlong	+0.0285%	8h	7.8650	long leg	$31.8M	$22.6M	300x
GMX INJ/USD [WBTC.b-USDC]	L +0.0356% / S −0.0418%	1h	7.8654	+0.005%	$47K	—	100x	as long as short
Hyperliquid INJ	+0.0624%	1h	7.8766	+0.147%	$26.6M	$9.2M	5x	as long as short
Coinbase International INJ-PERP-INTX	+0.0632%	1h	7.8720	+0.089%	$385K	$662K	50x	as long as short
Injective INJ/USDC PERP	+0.1436%	1h	7.8850	+0.254%	$329K	$12.1M	30x	as long as short