Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0300%/8h= +32.8% APRpaid last 24h —

Price spread now: Gate against Reya−0.055%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 Gate

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. Gate is 0.055% cheaper against Reya than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 15 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	7.6632	−0.0200	get 0.0025% / 1h	12m 47s	—	—	20x
Short	Gate INJ_USDT	7.6590	0.0100	get 0.0100% / 8h	1h 12m	$2.6M	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpOrdersPrice spread, now −0.055%Rate

Funding earned: $62.94
Price spread: −0.055% → 0.000%: −$5.5
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $36.43
Costs to cover: 0.210%
Break-even: 2.9 days

Slippage unknown: Reya: no order-book sample; Gate: live order book, just now. 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 Gate live order book, just now	3.92 bp	21.2 bp −$21	51.0 bp −$510	doesn't fit	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	7.6632	long leg	—	—	20x
gTrade (Gains Network) INJ/USD	L +0.0007% / S −0.0017%	1h	7.6653	+0.027%	$19K	—	150x	as long as short
dYdX INJ-USD	+0.0024%	1h	7.6635	+0.004%	$79K	$17K	5x	as long as short
Kraken Futures PF_INJUSD	+0.0054%	1h	7.6661	+0.037%	$781K	$3.5M	50x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.6626	−0.007%	$69K	—	3x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.6650	+0.023%	$34K	$94K	10x	as long as short
Aster INJUSDT	+0.0100%	8h	7.6624	−0.011%	$138K	$427K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.6604	−0.037%	$33.8M	$97.6M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.6583	−0.064%	$21.1M	$31.4M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.6580	−0.068%	$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_USDTshort	+0.0100%	8h	7.6590	−0.055%	$2.6M	$5.4M	50x
KuCoin INJUSDTM	+0.0100%	8h	7.6610	−0.029%	$8.5M	$18.4M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.6540	−0.120%	$14.1M	$10.5M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.6562	−0.092%	$272K	$150K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.6590	−0.055%	$46K	$268K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.6606	−0.034%	$114K	$560K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.6630	−0.003%	$1.6M	$5.7M	75x	as long as short
BingX INJ-USDT	+0.0248%	8h	7.6610	−0.029%	—	$21.3M	—	as long as short
MEXC INJ_USDT	+0.0261%	8h	7.6600	−0.042%	$29.9M	$20.2M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0268% / S −0.0198%	1h	7.6639	+0.009%	$29K	—	100x	as long as short
Hyperliquid INJ	+0.0361%	1h	7.6692	+0.078%	$25.8M	$8.6M	5x	as long as short
Deribit INJ_USDC-PERPETUAL	+0.0363%	1h	7.6660	+0.036%	$7K	$25K	25x	as long as short
Coinbase International INJ-PERP-INTX	+0.0464%	1h	7.6800	+0.219%	$383K	$672K	50x	as long as short
Injective INJ/USDC PERP	+0.1179%	1h	7.7020	+0.506%	$321K	$12.1M	30x	as long as short