Funding you earn now, next payment 05:00 UTC+0.0380%/8h= +41.6% APRpaid last 24h +0.152%
Price spread now: Coinbase International against OKX+0.117%7-day average +0.171% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$790.793% of the position
Funding, last 7 days+0.155%+$16 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.117%, 7d avg +0.171%
=Funding pays, the price is against you. Coinbase International is 0.053% cheaper against OKX than usual: you would sell low and buy high (spread +0.117% now, against its 7-day average of +0.171%). If the spread goes back, that is −$5 on $10k: about 11 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.155% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.155% in total (about 8.1% 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 | 7.6650 | 0.0100 | pay 0.0100% / 8h | 2h 05m | $6.2M | $19.1M | 50x |
| Short | Coinbase International INJ-PERP-INTX | 7.6740 | 0.0480 | get 0.0060% / 1h | 5m 44s | $375K | $660K | 50x |
OKX INJ-USDT-SWAP
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $79.8
- Price spread: +0.117% → +0.171%
- −$5.35
- Slippage, 4 orders
- −$59.27
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$4.81
- Costs to cover
- 0.793%
- Break-even
- 7.4 days
Slippage from OKX: live order book, 3 min ago; Coinbase International: live order book, 42 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 | 28.3 bp −$283 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 42 min ago | 8.58 bp | 21.0 bp −$21 | 53.7 bp −$537 | 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 | −0.0211% | 1h | 7.6767 | +0.153% | $795K | $3.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.6703 | +0.069% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.6563 | −0.113% | $79K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0016% | 1h | 7.6731 | +0.105% | $19K | — | 150x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0011% | 1h | 7.6739 | +0.116% | $7K | $25K | 25x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6743 | +0.122% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6750 | +0.130% | $35K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.6714 | +0.083% | $25.8M | $8.7M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.6707 | +0.075% | $139K | $420K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.6694 | +0.057% | $33.8M | $97.8M | 75x | as long as short |
Kraken Futures PF_INJUSD
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Deribit INJ_USDC-PERPETUAL
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 | 7.6630 | −0.026% | $21.1M | $31.7M | 50x | as long as short |
| OKX INJ-USDT-SWAPlong | +0.0100% | 8h | 7.6650 | long leg | $6.2M | $19.1M | 50x | |
| Gate INJ_USDT | +0.0100% | 8h | 7.6670 | +0.026% | $2.7M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6680 | +0.039% | $8.5M | $18.2M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6660 | +0.013% | $14.0M | $10.4M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6702 | +0.067% | $272K | $150K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.6390 | −0.339% | $46K | $270K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6701 | +0.066% | $114K | $563K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.6580 | −0.091% | $1.6M | $5.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.6680 | +0.039% | — | $20.8M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.6690 | +0.052% | $30.0M | $20.3M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0268% / S −0.0198% | 1h | 7.6727 | +0.101% | $29K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0480% | 1h | 7.6740 | +0.117% | $375K | $660K | 50x | |
| Injective INJ/USDC PERP | +0.1029% | 1h | 7.6640 | −0.013% | $319K | $12.1M | 30x | as long as short |
Bybit INJUSDT
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]
Injective INJ/USDC PERP