Funding you earn now, next payment 10:00 UTC+0.0628%/8h= +68.8% APRpaid last 24h +0.144%
Price spread now: Coinbase International against Binance+0.184%53s7-day average +0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$840.844% of the position
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.184%, 7d avg +0.120%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Coinbase International is 0.064% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.120%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.193% in total (about 10.0% a year). A funding rate is set anew for every payment. 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 | Binance INJUSDT | 7.7128 | 0.0100 | pay 0.0100% / 8h | 5h 08m | $34.2M | $94.7M | 75x |
| Short | Coinbase International INJ-PERP-INTX | 7.7270 | 0.0728 | get 0.0091% / 1h | 8m 18s | $389K | $645K | 50x |
Binance INJUSDT
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $131.88
- Price spread: +0.184% → +0.120%
- $6.45
- Slippage, 4 orders
- −$64.43
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $53.9
- Costs to cover
- 0.844%
- Break-even
- 4.1 days
Slippage from Binance: live order book, 13 min ago; Coinbase International: live order book, 38 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, 13 min ago | 0.65 bp | 13.3 bp −$13 | 25.0 bp −$250 | 157.5 bp −$15.7K | doesn't fit |
| Sell Coinbase International live order book, 38 min ago | 9.77 bp | 24.1 bp −$24 | 50.4 bp −$504 | 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 | 7.7029 | −0.129% | — | — | 20x | as long as short |
| dYdX INJ-USD | +0.0005% | 1h | 7.7169 | +0.053% | $79K | $14K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0008% / S −0.0024% | 1h | 7.7040 | −0.114% | $18K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7090 | −0.050% | $70K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7110 | −0.023% | $34K | $72K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7125 | −0.004% | $145K | $294K | 20x | as long as short |
| Binance INJUSDTlong | +0.0100% | 8h | 7.7128 | long leg | $34.2M | $94.7M | 75x | |
| Bybit INJUSDT | +0.0100% | 8h | 7.7070 | −0.075% | $20.9M | $29.4M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7070 | −0.075% | $5.8M | $20.6M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7080 | −0.062% | $2.7M | $5.4M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster 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 | 7.7100 | −0.036% | $8.5M | $17.7M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7050 | −0.101% | $14.2M | $10.8M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6996 | −0.171% | $276K | $106K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7020 | −0.140% | $46K | $264K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7144 | +0.021% | $115K | $650K | 10x | as long as short |
| Hyperliquid INJ | +0.0133% | 1h | 7.7201 | +0.094% | $25.9M | $7.8M | 5x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7150 | +0.029% | $1.6M | $5.2M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.7110 | −0.023% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.7110 | −0.023% | $30.1M | $20.5M | 300x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0269% | 1h | 7.7105 | −0.030% | $5K | $10K | 25x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0429% / S −0.0611% | 1h | 7.7065 | −0.082% | $60K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0728% | 1h | 7.7270 | +0.184% | $389K | $645K | 50x | |
| Kraken Futures PF_INJUSD | +0.1023% | 1h | 7.7131 | +0.004% | $886K | $3.4M | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1301% | 1h | 7.7390 | +0.340% | $317K | $15.3M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
Hyperliquid INJ
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
Deribit INJ_USDC-PERPETUAL
GMX INJ/USD [WBTC.b-USDC]
Kraken Futures PF_INJUSD
Injective INJ/USDC PERP