Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0300%/8h= +32.8% APRpaid last 24h —

Price spread now: Binance against Reya−0.022%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Binance is 0.022% cheaper against Reya than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya INJRUSDPERP	7.7742	−0.0200	get 0.0025% / 1h	1m 10s	—	—	20x
Short	Binance INJUSDT	7.7725	0.0100	get 0.0100% / 8h	7h 01m	$35.4M	$92.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Reya. 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 ReyabpFee BinancebpOrdersPrice spread, now −0.022%Rate

Funding earned: $62.94
Price spread: −0.022% → 0.000%: −$2.24
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: $44.69
Costs to cover: 0.160%
Break-even: 2.0 days

Slippage unknown: Reya: no order-book sample; Binance: live order book, 12 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Binance live order book, 12 min ago	0.64 bp	5.6 bp −$6	18.6 bp −$186	90.7 bp −$9,067	doesn't fit

Reya: 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 INJRUSDPERPlong	−0.0200%	1h	7.7742	long leg	—	—	20x
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.7728	−0.018%	$6K	$24K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.7722	−0.026%	$3K	—	150x	as long as short
dYdX INJ-USD	+0.0029%	1h	7.7859	+0.150%	$90K	$8K	5x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.7695	−0.061%	$70K	—	3x	as long as short
Aster INJUSDT	+0.0100%	8h	7.7755	+0.016%	$149K	$428K	20x	as long as short
Binance INJUSDTshort	+0.0100%	8h	7.7725	−0.022%	$35.4M	$92.8M	75x
Bybit INJUSDT	+0.0100%	8h	7.7705	−0.048%	$21.9M	$31.2M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.7690	−0.067%	$6.4M	$19.1M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.7710	−0.042%	$2.7M	$5.0M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin INJUSDTM	+0.0100%	8h	7.7710	−0.042%	$9.5M	$16.5M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.7680	−0.080%	$14.3M	$10.1M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.7691	−0.066%	$274K	$156K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.8030	+0.370%	$48K	$311K	50x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.7720	−0.029%	$37K	$66K	10x	as long as short
Extended INJ-USD	+0.0104%	1h	7.7711	−0.041%	$115K	$469K	10x	as long as short
Kraken Futures PF_INJUSD	+0.0196%	1h	7.7729	−0.017%	$879K	$3.0M	50x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.7750	+0.010%	$1.8M	$6.9M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.7720	−0.029%	—	$21.4M	—	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0274% / S −0.0211%	1h	7.7708	−0.044%	$30K	—	100x	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.7740	−0.003%	$31.2M	$22.7M	300x	as long as short
Hyperliquid INJ	+0.0407%	1h	7.7802	+0.077%	$26.2M	$8.9M	5x	as long as short
Coinbase International INJ-PERP-INTX	+0.0632%	1h	7.8030	+0.370%	$381K	$635K	50x	as long as short
Injective INJ/USDC PERP	+0.1436%	1h	7.8190	+0.576%	$326K	$12.1M	30x	as long as short