Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0252%/8hpaid last 24h —

Price spread now: OKX against Reya−0.031%57s7-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 OKX

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. OKX is 0.031% cheaper against Reya than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 10 hours of funding at the current rate (+$8 a day). The two prices were read 57 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	7.8264	−0.0200	get 0.0025% / 1h	21m 36s	—	—	20x
Short	OKX INJ-USDT-SWAP	7.8240	0.0052	get 0.0052% / 8h	4h 21m	$6.4M	$21.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.031%Rate

Funding earned: $52.95
Price spread: −0.031% → 0.000%: −$3.1
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: $33.85
Costs to cover: 0.160%
Break-even: 2.5 days

Slippage unknown: Reya: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	0.64 bp	11.7 bp −$12	26.7 bp −$267	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	7.8264	long leg	—	—	20x
Variational Omni INJ	−0.0005%	8h	7.8155	−0.140%	$273K	$169K	—	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.8347	+0.106%	$9K	$22K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.8338	+0.095%	$3K	—	150x	as long as short
dYdX INJ-USD	+0.0011%	1h	7.8303	+0.050%	$90K	$14K	5x	as long as short
Kraken Futures PF_INJUSD	+0.0022%	1h	7.8376	+0.142%	$982K	$3.2M	50x	as long as short
OKX INJ-USDT-SWAPshort	+0.0052%	8h	7.8240	−0.031%	$6.4M	$21.1M	50x
Bybit INJUSDT	+0.0063%	8h	7.8240	−0.031%	$22.1M	$32.3M	50x	as long as short
Orderly PERP_INJ_USDC	+0.0088%	8h	7.8320	+0.071%	$32K	$52K	10x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.8311	+0.059%	$71K	$13K	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster INJUSDT	+0.0100%	8h	7.8269	+0.005%	$166K	$434K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.8310	+0.058%	$35.9M	$96.4M	75x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.8240	−0.031%	$2.8M	$5.2M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.8280	+0.020%	$9.6M	$16.6M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.8250	−0.018%	$14.4M	$11.6M	75x	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.8370	+0.135%	$48K	$345K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.8288	+0.031%	$120K	$468K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.8420	+0.199%	$1.8M	$7.6M	75x	as long as short
BingX INJ-USDT	+0.0236%	8h	7.8260	−0.005%	—	$21.2M	—	as long as short
MEXC INJ_USDT	+0.0248%	8h	7.8320	+0.071%	$32.3M	$24.3M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0391% / S −0.0466%	1h	7.8311	+0.059%	$47K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0704%	1h	7.8520	+0.327%	$389K	$754K	50x	as long as short
Hyperliquid INJ	+0.0879%	1h	7.8331	+0.085%	$26.4M	$8.8M	5x	as long as short
Injective INJ/USDC PERP	+0.1368%	1h	7.8740	+0.608%	$322K	$12.1M	30x	as long as short