Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0476%/8h= +52.1% APRpaid last 24h −0.046%

Price spread now: Deribit against Binance−0.107%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.107% cheaper against Binance than usual: you would sell low and buy high (spread −0.107% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 18 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance INJUSDT	7.7620	0.0100	pay 0.0100% / 8h	7h 33m	$34.5M	$103.8M	75x
Short	Deribit INJ_USDC-PERPETUAL	7.7537	0.0576	get 0.0072% / 1h	33m 06s	$5K	$27K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now −0.107%Rate

Funding earned: $99.96
Price spread: −0.107% → 0.000%: −$10.69
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $72.27
Costs to cover: 0.170%
Break-even: 1.9 days

Slippage unknown: Binance: live order book, 10 min ago; Deribit: no order-book sample. 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 Binance live order book, 10 min ago	0.64 bp	11.5 bp −$11	23.5 bp −$235	124.6 bp −$12.5K	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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 INJRUSDPERP	−0.0200%	1h	7.7608	−0.016%	—	—	20x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0007% / S −0.0022%	1h	7.7571	−0.064%	$18K	—	150x	as long as short
dYdX INJ-USD	+0.0054%	1h	7.7452	−0.217%	$80K	$18K	5x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.7440	−0.232%	$70K	—	3x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.7490	−0.167%	$34K	$72K	10x	as long as short
Aster INJUSDT	+0.0100%	8h	7.7579	−0.053%	$149K	$445K	20x	as long as short
Binance INJUSDTlong	+0.0100%	8h	7.7620	long leg	$34.5M	$103.8M	75x
Bybit INJUSDT	+0.0100%	8h	7.7573	−0.061%	$21.5M	$32.9M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.7610	−0.013%	$6.1M	$20.9M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.7570	−0.064%	$2.7M	$5.8M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin INJUSDTM	+0.0100%	8h	7.7520	−0.129%	$8.5M	$18.7M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.7550	−0.090%	$14.2M	$12.0M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.7692	+0.093%	$276K	$143K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.7960	+0.438%	$47K	$266K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.7464	−0.201%	$118K	$642K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.7620	0.000%	$1.7M	$5.8M	75x	as long as short
BingX INJ-USDT	+0.0248%	8h	7.7560	−0.077%	—	$21.7M	—	as long as short
MEXC INJ_USDT	+0.0261%	8h	7.7620	0.000%	$31.3M	$21.1M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0326% / S −0.0344%	1h	7.7466	−0.199%	$40K	—	100x	as long as short
Deribit INJ_USDC-PERPETUALshort	+0.0576%	1h	7.7537	−0.107%	$5K	$27K	25x
Coinbase International INJ-PERP-INTX	+0.0680%	1h	7.7650	+0.039%	$388K	$746K	50x	as long as short
Hyperliquid INJ	+0.0683%	1h	7.7709	+0.115%	$26.1M	$8.8M	5x	as long as short
Kraken Futures PF_INJUSD	+0.0829%	1h	7.7666	+0.059%	$850K	$3.8M	50x	as long as short
Injective INJ/USDC PERP	+0.1302%	1h	7.7870	+0.322%	$539K	$11.4M	30x	as long as short