Funding arb · Price arb /

INJ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0200%/8h= +21.9% APRnext payment +$0.25 per $10,000 · paid last 24h —

Price spread now: dYdX against Reya−0.053%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 dYdX

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. dYdX is 0.053% cheaper against Reya than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 21 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya INJRUSDPERP	7.6453	−0.0200	get 0.0025% / 1h	51m 12s	—	—	20x
Short	dYdX INJ-USD	7.6412	0	get 0.0000% / 1h	51m 12s	$79K	$17K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.053%Rate

Funding earned: $41.94
Price spread: −0.053% → 0.000%: −$5.31
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: $20.63
Costs to cover: 0.160%
Break-even: 3.6 days

Slippage unknown: Reya: no order-book sample; 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 Reya no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Reya and 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 INJRUSDPERPlong	−0.0200%	1h	7.6453	long leg	—	—	20x
dYdX INJ-USDshort	0.0000%	1h	7.6412	−0.053%	$79K	$17K	5x
gTrade (Gains Network) INJ/USD	L +0.0007% / S −0.0017%	1h	7.6471	+0.023%	$19K	—	150x	as long as short
Kraken Futures PF_INJUSD	+0.0054%	1h	7.6508	+0.072%	$795K	$3.5M	50x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.6465	+0.015%	$69K	—	3x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.6490	+0.048%	$34K	$94K	10x	as long as short
Aster INJUSDT	+0.0100%	8h	7.6449	−0.006%	$139K	$421K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.6498	+0.059%	$33.7M	$97.8M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.6460	+0.009%	$21.1M	$31.8M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.6480	+0.035%	$6.2M	$19.1M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate INJ_USDT	+0.0100%	8h	7.6460	+0.009%	$2.7M	$5.3M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.6470	+0.022%	$8.5M	$18.3M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.6460	+0.009%	$14.1M	$10.5M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.6312	−0.185%	$270K	$150K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.6500	+0.062%	$46K	$269K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.6449	−0.006%	$114K	$563K	10x	as long as short
Hyperliquid INJ	+0.0202%	1h	7.6566	+0.148%	$25.7M	$8.6M	5x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.6440	−0.017%	$1.7M	$5.7M	75x	as long as short
Deribit INJ_USDC-PERPETUAL	+0.0247%	1h	7.6490	+0.048%	$7K	$25K	25x	as long as short
BingX INJ-USDT	+0.0248%	8h	7.6480	+0.035%	—	$20.9M	—	as long as short
MEXC INJ_USDT	+0.0261%	8h	7.6480	+0.035%	$29.9M	$20.0M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0268% / S −0.0198%	1h	7.6482	+0.038%	$29K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0464%	1h	7.6560	+0.140%	$381K	$671K	50x	as long as short
Injective INJ/USDC PERP	+0.1179%	1h	7.6770	+0.415%	$320K	$12.1M	30x	as long as short