Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.024%
Price spread now: Bybit against Binance−0.088%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$480.480% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 7 days+0.069%+$7 · spread now −0.088%, 7d avg −0.035%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.054% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance INJUSDT | 7.8276 | 0.0100 | pay 0.0100% / 8h | 6h 20m | $35.5M | $91.6M | 75x |
| Short | Bybit INJUSDT | 7.8207 | 0.0100 | get 0.0100% / 8h | 6h 20m | $22.1M | $31.0M | 50x |
Binance INJUSDT
Bybit INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- $0
- Price spread: −0.088% → −0.035%
- −$5.35
- Slippage, 4 orders
- −$26.97
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$53.33
- Costs to cover
- 0.480%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Bybit: live order book, 3 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 Binance live order book, 7 min ago | 0.64 bp | 9.6 bp −$10 | 21.3 bp −$213 | 143.0 bp −$14.3K | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.64 bp | 12.9 bp −$13 | 41.2 bp −$412 | 150.3 bp −$15.0K | doesn't fit |
INJ on 23 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 INJRUSDPERP | −0.0200% | 1h | 7.8236 | −0.051% | — | — | 20x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8245 | −0.040% | $3K | — | 150x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0018% | 1h | 7.8260 | −0.021% | $6K | $24K | 25x | as long as short |
| dYdX INJ-USD | +0.0023% | 1h | 7.8319 | +0.055% | $81K | $17K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8245 | −0.040% | $71K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8308 | +0.040% | $149K | $424K | 20x | as long as short |
| Binance INJUSDTlong | +0.0100% | 8h | 7.8276 | long leg | $35.5M | $91.6M | 75x | |
| Bybit INJUSDTshort | +0.0100% | 8h | 7.8207 | −0.088% | $22.1M | $31.0M | 50x | |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8170 | −0.136% | $6.4M | $19.0M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.8250 | −0.033% | $2.8M | $4.9M | 50x | as long as short |
Reya INJRUSDPERP
gTrade (Gains Network) INJ/USD
Deribit INJ_USDC-PERPETUAL
dYdX INJ-USD
Aevo INJ-PERP
Aster INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8270 | −0.008% | $9.4M | $16.5M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8200 | −0.097% | $14.4M | $10.2M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8251 | −0.033% | $275K | $151K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8390 | +0.145% | $47K | $280K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8240 | −0.046% | $35K | $80K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8287 | +0.014% | $117K | $365K | 10x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0269% / S −0.0198% | 1h | 7.8240 | −0.046% | $30K | — | 100x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8250 | −0.033% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8280 | +0.005% | $31.9M | $21.3M | 300x | as long as short |
| Hyperliquid INJ | +0.0382% | 1h | 7.8416 | +0.179% | $26.4M | $8.8M | 5x | as long as short |
| Kraken Futures PF_INJUSD | +0.0404% | 1h | 7.8291 | +0.019% | $871K | $3.0M | 50x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0624% | 1h | 7.8450 | +0.222% | $383K | $603K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1354% | 1h | 7.8660 | +0.490% | $328K | $12.1M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
GMX INJ/USD [WBTC.b-USDC]
BingX INJ-USDT
MEXC INJ_USDT
Hyperliquid INJ
Kraken Futures PF_INJUSD
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP