Funding you earn now, next payment 08:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.006%
Price spread now: BloFin against BingX+0.040%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$390.393% of the position
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 4 days (all we have)+0.088%+$9 · spread now +0.040%, 7d avg −0.011%
=The price spread pays, funding is against you. BloFin is 0.050% dearer against BingX than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of −0.011%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.0 days. At the pace of the last 7 days (−0.005% in total) that is about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX INJ-USDT | 7.5070 | 0.0248 | pay 0.0248% / 8h | 2h 30m | — | $20.7M | — |
| Short | BloFin INJ-USDT | 7.5100 | 0.0220 | get 0.0220% / 8h | 2h 30m | $1.6M | $5.6M | 75x |
BingX INJ-USDT
BloFin INJ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$5.88
- Price spread: +0.040% → −0.011%
- $5.05
- Slippage, 4 orders
- −$17.27
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$40.1
- Costs to cover
- 0.393%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; BloFin: 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 BingX live order book, 8 min ago | 0.67 bp | 7.0 bp −$7 | 10.1 bp −$101 | 23.8 bp −$2,377 | 99.8 bp −$49.9K |
| Sell BloFin live order book, 3 min ago | 2.00 bp | 12.6 bp −$13 | 31.6 bp −$316 | 145.9 bp −$14.6K | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INJUSD | −0.0215% | 1h | 7.5090 | +0.027% | $774K | $3.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.5039 | −0.042% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5089 | +0.025% | $78K | $17K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.5092 | +0.029% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0027% | 1h | 7.5093 | +0.030% | $16K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.5073 | +0.003% | $68K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.5090 | +0.027% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.5175 | +0.140% | $25.3M | $8.7M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.5138 | +0.090% | $137K | $418K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.5140 | +0.093% | $32.7M | $97.2M | 75x | as long as short |
Kraken Futures PF_INJUSD
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Hyperliquid INJ
Aster INJUSDT
Binance INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | +0.0100% | 8h | 7.5066 | −0.005% | $20.8M | $31.5M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.5080 | +0.013% | $6.1M | $18.5M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.5060 | −0.013% | $2.6M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.5060 | −0.013% | $8.4M | $18.2M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.5040 | −0.040% | $13.8M | $10.3M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5023 | −0.062% | $268K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.5160 | +0.120% | $45K | $270K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.5093 | +0.030% | $112K | $562K | 10x | as long as short |
| BloFin INJ-USDTshort | +0.0220% | 8h | 7.5100 | +0.040% | $1.6M | $5.6M | 75x | |
| BingX INJ-USDTlong | +0.0248% | 8h | 7.5070 | long leg | — | $20.7M | — | |
| MEXC INJ_USDT | +0.0261% | 8h | 7.5110 | +0.053% | $29.6M | $20.1M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0267% / S −0.0198% | 1h | 7.5077 | +0.010% | $28K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0480% | 1h | 7.5240 | +0.226% | $369K | $633K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1029% | 1h | 7.5390 | +0.426% | $314K | $12.1M | 30x | as long as short |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP