Funding you earn now, next payment 10:00 UTC+0.0628%/8h= +68.8% APRnext payment +$0.79 per $10,000 · paid last 24h +0.143%
Price spread now: Coinbase International against ApeX Omni+0.130%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$800.797% of the position
Funding, last 7 days+0.154%+$15 on $10k
+Price spread, last 4 days (all we have)−0.085%−$9 · spread now +0.130%, 7d avg +0.094%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Coinbase International is 0.036% dearer against ApeX Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.094%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.154% in total (about 8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.79 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni INJUSDT | 7.6790 | 0.0100 | pay 0.0013% / 1h | 49m 20s | $46K | $264K | 50x |
| Short | Coinbase International INJ-PERP-INTX | 7.6890 | 0.0728 | get 0.0091% / 1h | 49m 20s | $384K | $648K | 50x |
ApeX Omni INJUSDT
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against ApeX Omni. 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
- $131.88
- Price spread: +0.130% → +0.094%
- $3.58
- Slippage, 4 orders
- −$59.71
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $55.75
- Costs to cover
- 0.797%
- Break-even
- 4.0 days
Slippage from ApeX Omni: live order book, 60 min ago; Coinbase International: live order book, 62 min ago.
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 ApeX Omni live order book, 60 min ago | 7.82 bp | 14.8 bp −$15 | 114.5 bp −$1,145 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 62 min ago | 9.12 bp | 23.4 bp −$23 | 64.5 bp −$645 | doesn't fit | doesn't fit |
INJ on 24 exchanges
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 INJRUSDPERP | −0.0200% | 1h | 7.6701 | −0.115% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.6742 | −0.063% | $79K | $14K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0008% / S −0.0023% | 1h | 7.6784 | −0.008% | $18K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6781 | −0.012% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6770 | −0.026% | $34K | $72K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.6786 | −0.005% | $147K | $308K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.6778 | −0.016% | $34.0M | $95.9M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.6710 | −0.104% | $20.9M | $29.8M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.6730 | −0.078% | $5.8M | $20.4M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.6720 | −0.091% | $2.7M | $5.3M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6740 | −0.065% | $8.4M | $18.0M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6700 | −0.117% | $14.1M | $11.0M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6695 | −0.123% | $274K | $125K | — | as long as short |
| ApeX Omni INJUSDTlong | +0.0100% | 1h | 7.6790 | long leg | $46K | $264K | 50x | |
| Extended INJ-USD | +0.0104% | 1h | 7.6747 | −0.056% | $114K | $646K | 10x | as long as short |
| Hyperliquid INJ | +0.0168% | 1h | 7.6832 | +0.055% | $25.8M | $7.8M | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0193% | 1h | 7.6808 | +0.023% | $5K | $11K | 25x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.6800 | +0.013% | $1.6M | $5.2M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.6750 | −0.052% | — | $21.7M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.6770 | −0.026% | $30.6M | $20.3M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0324% / S −0.0344% | 1h | 7.6784 | −0.008% | $40K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0728% | 1h | 7.6890 | +0.130% | $384K | $648K | 50x | |
| Kraken Futures PF_INJUSD | +0.1026% | 1h | 7.6870 | +0.104% | $895K | $3.5M | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1301% | 1h | 7.7170 | +0.495% | $317K | $12.2M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
Extended INJ-USD
Hyperliquid INJ
Deribit INJ_USDC-PERPETUAL
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Kraken Futures PF_INJUSD
Injective INJ/USDC PERP