Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0271%/8h= −29.7% APRpaid last 24h −0.068%

Price spread now: dYdX against BingX+0.210%7-day average — · you sell dearer than you buy

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

Long on BingX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.343%−$34 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.210% dearer against BingX than usual: you sell high and buy low (spread +0.210% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX INJ-USDT	7.8330	0.0271	pay 0.0271% / 8h	7h 29m	—	$21.5M	—
Short	dYdX INJ-USD	7.8494	0	get 0.0000% / 1h	29m 05s	$91K	$8K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee dYdXbpOrdersPrice spread, now +0.210%Rate

Funding earned: −$56.91
Price spread: +0.210% → 0.000%: $20.98
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$55.93
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: BingX: live order book, 9 min ago; dYdX: 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 BingX live order book, 9 min ago	0.64 bp	5.6 bp −$6	7.2 bp −$72	16.6 bp −$1,661	75.0 bp −$37.5K
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	7.8253	−0.098%	—	—	20x	as long as short
Deribit INJ_USDC-PERPETUAL	−0.0005%	1h	7.8309	−0.027%	$6K	$24K	25x	as long as short
dYdX INJ-USDshort	0.0000%	1h	7.8494	+0.210%	$91K	$8K	5x
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.8294	−0.046%	$3K	—	150x	as long as short
Bybit INJUSDT	+0.0065%	8h	7.8330	0.000%	$22.0M	$31.4M	50x	as long as short
Variational Omni INJ	+0.0085%	8h	7.8593	+0.336%	$280K	$160K	—	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.8290	−0.051%	$71K	—	3x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.8310	−0.026%	$38K	$66K	10x	as long as short
Aster INJUSDT	+0.0100%	8h	7.8365	+0.044%	$150K	$443K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.8370	+0.051%	$35.7M	$93.5M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX INJ-USDT-SWAP	+0.0100%	8h	7.8340	+0.013%	$6.4M	$19.7M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.8320	−0.013%	$2.8M	$4.9M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.8290	−0.051%	$9.5M	$16.6M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.8310	−0.026%	$14.5M	$10.3M	75x	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.8420	+0.115%	$48K	$320K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.8324	−0.008%	$117K	$715K	10x	as long as short
Kraken Futures PF_INJUSD	+0.0195%	1h	7.8338	+0.010%	$891K	$3.0M	50x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.8350	+0.026%	$1.8M	$7.7M	75x	as long as short
BingX INJ-USDTlong	+0.0271%	8h	7.8330	long leg	—	$21.5M	—
MEXC INJ_USDT	+0.0285%	8h	7.8350	+0.026%	$31.9M	$22.6M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0355% / S −0.0418%	1h	7.8267	−0.080%	$46K	—	100x	as long as short
Hyperliquid INJ	+0.0508%	1h	7.8432	+0.130%	$26.5M	$9.1M	5x	as long as short
Coinbase International INJ-PERP-INTX	+0.0632%	1h	7.8450	+0.153%	$382K	$654K	50x	as long as short
Injective INJ/USDC PERP	+0.1436%	1h	7.8820	+0.626%	$329K	$12.1M	30x	as long as short