Funding you earn now, next payment 01:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h —
Price spread now: Bybit against Reya−0.264%56s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.264% cheaper against Reya than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya INJRUSDPERP | 7.8688 | −0.0200 | get 0.0025% / 1h | 51m 38s | — | — | 20x |
| Short | Bybit INJUSDT | 7.8480 | −0.0239 | pay 0.0239% / 8h | 7h 51m | $22.0M | $31.8M | 50x |
Reya INJRUSDPERP
Bybit INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Reya. 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
- −$8.28
- Price spread: −0.264% → 0.000%
- −$26.43
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$51.71
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 2.55 bp | 17.6 bp −$18 | 45.6 bp −$456 | 178.7 bp −$17.9K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDTshort | −0.0239% | 8h | 7.8480 | −0.264% | $22.0M | $31.8M | 50x | |
| ApeX Omni INJUSDT | −0.0200% | 1h | 7.8550 | −0.175% | $48K | $349K | 50x | as long as short |
| Reya INJRUSDPERPlong | −0.0200% | 1h | 7.8688 | long leg | — | — | 20x | |
| Gate INJ_USDT | −0.0028% | 8h | 7.8550 | −0.175% | $2.8M | $4.9M | 50x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8611 | −0.098% | $91K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8622 | −0.084% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8693 | +0.006% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8569 | −0.151% | $71K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8620 | −0.086% | $38K | $66K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8628 | −0.076% | $150K | $443K | 20x | as long as short |
ApeX Omni INJUSDT
Gate INJ_USDT
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance INJUSDT | +0.0100% | 8h | 7.8604 | −0.106% | $35.8M | $94.3M | 75x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8540 | −0.188% | $6.4M | $20.0M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8590 | −0.125% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8600 | −0.112% | $14.5M | $10.4M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8454 | −0.297% | $279K | $160K | — | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8612 | −0.097% | $117K | $483K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0194% | 1h | 7.8602 | −0.109% | $888K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8570 | −0.150% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8590 | −0.125% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8620 | −0.086% | $31.8M | $22.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0356% / S −0.0418% | 1h | 7.8684 | −0.005% | $47K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0614% | 1h | 7.8736 | +0.061% | $26.6M | $9.2M | 5x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.8720 | +0.041% | $385K | $666K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1436% | 1h | 7.8930 | +0.308% | $329K | $12.1M | 30x | as long as short |
Binance INJUSDT
OKX INJ-USDT-SWAP
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
Extended INJ-USD
Kraken Futures PF_INJUSD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP