Funding arb · Price arb /

INJ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0269%/8h= −29.4% APRpaid last 24h −0.067%

Price spread now: gTrade (Gains Network) against BingX+0.053%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.053% dearer against BingX than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX INJ-USDT	7.5740	0.0271	pay 0.0271% / 8h	4h 16m	—	$21.2M	—
Short	gTrade (Gains Network) INJ/USD	7.5780	L +0.0006% / S −0.0002%	get 0.0000% / 1h	16m 18s	$3K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BingX. 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 BingXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.053%Rate

Funding earned: −$56.44
Price spread: +0.053% → 0.000%: $5.31
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$71.13
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 7 min ago; gTrade (Gains Network): 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, 7 min ago	1.32 bp	6.3 bp −$6	8.8 bp −$88	20.3 bp −$2,033	49.1 bp −$24.5K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	7.5723	−0.023%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.5798	+0.077%	$78K	$17K	5x	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.5792	+0.069%	$6K	$24K	25x	as long as short
gTrade (Gains Network) INJ/USDshort	L +0.0006% / S −0.0002%	1h	7.5780	+0.053%	$3K	—	150x
Aevo INJ-PERP	+0.0096%	1h	7.5750	+0.013%	$68K	—	3x	as long as short
Hyperliquid INJ	+0.0100%	1h	7.5834	+0.124%	$25.7M	$8.9M	5x	as long as short
Aster INJUSDT	+0.0100%	8h	7.5749	+0.013%	$140K	$422K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.5740	0.000%	$33.3M	$96.9M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.5734	−0.008%	$21.1M	$32.1M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.5710	−0.040%	$6.1M	$19.3M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate INJ_USDT	+0.0100%	8h	7.5720	−0.026%	$2.7M	$5.3M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.5750	+0.013%	$9.4M	$17.5M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.5730	−0.013%	$13.9M	$10.6M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.5621	−0.157%	$266K	$151K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.5720	−0.026%	$45K	$271K	50x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.5760	+0.026%	$34K	$94K	10x	as long as short
Extended INJ-USD	+0.0104%	1h	7.5749	+0.011%	$112K	$366K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.5770	+0.040%	$1.7M	$5.9M	75x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0267% / S −0.0198%	1h	7.5768	+0.037%	$29K	—	100x	as long as short
BingX INJ-USDTlong	+0.0271%	8h	7.5740	long leg	—	$21.2M	—
MEXC INJ_USDT	+0.0285%	8h	7.5730	−0.013%	$29.9M	$21.3M	300x	as long as short
Kraken Futures PF_INJUSD	+0.0325%	1h	7.5760	+0.026%	$811K	$3.4M	50x	as long as short
Coinbase International INJ-PERP-INTX	+0.0688%	1h	7.5820	+0.106%	$373K	$605K	50x	as long as short
Injective INJ/USDC PERP	+0.1333%	1h	7.5950	+0.277%	$317K	$12.1M	30x	as long as short