Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h 0.000%

Price spread now: dYdX against OKX+0.365%7-day average — · you sell dearer than you buy

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

Long on OKX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

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. dYdX is 0.365% dearer against OKX than usual: you sell high and buy low (spread +0.365% now, against zero (this spread has no 7-day history yet)): +$36 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX INJ-USDT-SWAP	7.6700	0.0100	pay 0.0100% / 8h	57m 58s	$6.2M	$19.7M	50x
Short	dYdX INJ-USD	7.6980	0	get 0.0000% / 1h	57m 58s	$80K	$17K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against OKX. 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 OKXbpFee dYdXbpOrdersPrice spread, now +0.365%Rate

Funding earned: −$21
Price spread: +0.365% → 0.000%: $36.45
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$4.55
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: OKX: live order book, just now; dYdX: 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 OKX live order book, just now	0.65 bp	16.6 bp −$17	32.7 bp −$327	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Reya INJRUSDPERP	−0.0200%	1h	7.6670	−0.040%	—	—	20x	as long as short
dYdX INJ-USDshort	0.0000%	1h	7.6980	+0.365%	$80K	$17K	5x
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.6750	+0.065%	$7K	$25K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0007% / S −0.0029%	1h	7.6730	+0.039%	$16K	—	150x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.6741	+0.054%	$69K	—	3x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.6750	+0.065%	$35K	$82K	10x	as long as short
Hyperliquid INJ	+0.0100%	1h	7.6875	+0.228%	$25.8M	$8.8M	5x	as long as short
Aster INJUSDT	+0.0100%	8h	7.6826	+0.164%	$139K	$435K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.6785	+0.110%	$34.3M	$100.5M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.6714	+0.018%	$21.4M	$32.6M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX INJ-USDT-SWAPlong	+0.0100%	8h	7.6700	long leg	$6.2M	$19.7M	50x
Gate INJ_USDT	+0.0100%	8h	7.6780	+0.104%	$2.8M	$5.4M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.6700	0.000%	$8.6M	$18.4M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.6690	−0.013%	$14.2M	$11.5M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.6382	−0.415%	$271K	$150K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.6400	−0.391%	$46K	$267K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.6754	+0.070%	$114K	$560K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.6600	−0.130%	$1.7M	$5.7M	75x	as long as short
BingX INJ-USDT	+0.0248%	8h	7.6780	+0.104%	—	$21.3M	—	as long as short
MEXC INJ_USDT	+0.0261%	8h	7.6730	+0.039%	$30.8M	$20.3M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0325% / S −0.0344%	1h	7.6726	+0.034%	$40K	—	100x	as long as short
Kraken Futures PF_INJUSD	+0.0568%	1h	7.6799	+0.130%	$815K	$3.6M	50x	as long as short
Coinbase International INJ-PERP-INTX	+0.0608%	1h	7.7080	+0.495%	$392K	$697K	50x	as long as short
Injective INJ/USDC PERP	+0.1548%	1h	7.7100	+0.522%	$308K	$12.1M	30x	as long as short