Funding arb · Price arb /

INJ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0300%/8h= +32.8% APRpaid last 24h —

Price spread now: KuCoin against Reya−0.099%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 KuCoin

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. KuCoin is 0.099% cheaper against Reya than usual: you would sell low and buy high (spread −0.099% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 27 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	7.5605	−0.0200	get 0.0025% / 1h	3m 00s	—	—	20x
Short	KuCoin INJUSDTM	7.5530	0.0100	get 0.0100% / 8h	3h 03m	$9.4M	$17.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.099%Rate

Funding earned: $62.94
Price spread: −0.099% → 0.000%: −$9.95
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $34.99
Costs to cover: 0.180%
Break-even: 3.1 days

Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 11 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 KuCoin live order book, 11 min ago	3.30 bp	17.6 bp −$18	37.8 bp −$378	311.0 bp −$31.1K	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
Kraken Futures PF_INJUSD	−0.0234%	1h	7.5621	+0.021%	$768K	$3.5M	50x	as long as short
Reya INJRUSDPERPlong	−0.0200%	1h	7.5605	long leg	—	—	20x
dYdX INJ-USD	0.0000%	1h	7.5672	+0.089%	$78K	$17K	5x	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.5643	+0.050%	$6K	$24K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0007% / S −0.0027%	1h	7.5650	+0.059%	$16K	—	150x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.5612	+0.009%	$68K	—	3x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.5640	+0.046%	$34K	$94K	10x	as long as short
Hyperliquid INJ	+0.0100%	1h	7.5652	+0.062%	$25.5M	$8.7M	5x	as long as short
Aster INJUSDT	+0.0100%	8h	7.5610	+0.006%	$138K	$419K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.5555	−0.066%	$33.0M	$96.6M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit INJUSDT	+0.0100%	8h	7.5510	−0.126%	$20.9M	$31.8M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.5490	−0.152%	$6.2M	$18.5M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.5600	−0.007%	$2.6M	$5.3M	50x	as long as short
KuCoin INJUSDTMshort	+0.0100%	8h	7.5530	−0.099%	$9.4M	$17.8M	50x
Bitget INJUSDT	+0.0100%	8h	7.5470	−0.179%	$13.8M	$10.2M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.5702	+0.128%	$266K	$144K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.5700	+0.125%	$45K	$271K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.5508	−0.129%	$115K	$514K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.5640	+0.046%	$1.6M	$5.7M	75x	as long as short
BingX INJ-USDT	+0.0248%	8h	7.5580	−0.033%	—	$20.9M	—	as long as short
MEXC INJ_USDT	+0.0261%	8h	7.5540	−0.086%	$29.7M	$21.5M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0267% / S −0.0198%	1h	7.5629	+0.031%	$29K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0552%	1h	7.5750	+0.192%	$366K	$617K	50x	as long as short
Injective INJ/USDC PERP	+0.1172%	1h	7.5920	+0.416%	$317K	$12.1M	30x	as long as short