Funding you earn now, next payment 08:00 UTC−0.0476%/8h= −52.1% APRpaid last 24h +0.013%
Price spread now: ApeX Omni against OKX−0.193%90s7-day average +0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as 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−$510.514% of the position
Funding, last 7 days+0.036%+$4 on $10k
+Price spread, last 4 days (all we have)+0.238%+$24 · spread now −0.193%, 7d avg +0.079%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and ApeX Omni is 0.273% cheaper against OKX than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of +0.079%). Swap the legs. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.036% in total (about 1.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX INJ-USDT-SWAP | 7.7560 | 0.0100 | pay 0.0100% / 8h | 50m 00s | $6.2M | $20.4M | 50x |
| Short | ApeX Omni INJUSDT | 7.7410 | −0.0376 | pay 0.0047% / 1h | 50m 00s | $46K | $267K | 50x |
OKX INJ-USDT-SWAP
ApeX Omni INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against OKX. 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
- −$99.99
- Price spread: −0.193% → +0.079%
- −$27.26
- Slippage, 4 orders
- −$31.4
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$178.66
- Costs to cover
- 0.514%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; ApeX Omni: live order book, 52 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 OKX live order book, 3 min ago | 0.65 bp | 13.4 bp −$13 | 30.1 bp −$301 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 52 min ago | 5.87 bp | 12.0 bp −$12 | 90.8 bp −$908 | 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 INJUSDTshort | −0.0376% | 1h | 7.7410 | −0.193% | $46K | $267K | 50x | |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.7422 | −0.178% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7448 | −0.145% | $80K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0029% | 1h | 7.7490 | −0.091% | $17K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7610 | +0.065% | $70K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0099% | 8h | 7.7640 | +0.103% | $34K | $83K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7550 | −0.013% | $143K | $435K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7573 | +0.017% | $34.6M | $102.2M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.7550 | −0.013% | $21.7M | $32.9M | 50x | as long as short |
| OKX INJ-USDT-SWAPlong | +0.0100% | 8h | 7.7560 | long leg | $6.2M | $20.4M | 50x |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
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 | 7.7690 | +0.168% | $2.8M | $5.6M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7580 | +0.026% | $8.7M | $18.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7540 | −0.026% | $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 | +0.011% | $122K | $590K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7570 | +0.013% | $1.7M | $5.8M | 75x | as long as short |
| Hyperliquid INJ | +0.0246% | 1h | 7.7778 | +0.281% | $26.1M | $8.8M | 5x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.7600 | +0.052% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.7530 | −0.039% | $31.3M | $20.5M | 300x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0304% | 1h | 7.7713 | +0.197% | $7K | $25K | 25x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0326% / S −0.0344% | 1h | 7.7503 | −0.074% | $40K | — | 100x | as long as short |
| Kraken Futures PF_INJUSD | +0.0561% | 1h | 7.7738 | +0.229% | $826K | $3.6M | 50x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0608% | 1h | 7.7700 | +0.181% | $390K | $714K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1548% | 1h | 7.7420 | −0.181% | $311K | $12.1M | 30x | as long as short |
Gate INJ_USDT
KuCoin INJUSDTM
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
Injective INJ/USDC PERP