Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%

Price spread now: ApeX Omni against Bitget+0.323%83s7-day average +0.135% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as 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−$480.478% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 3 days (all we have)−0.197%−$20 · spread now +0.323%, 7d avg +0.135%

Together, before fees−0.179%−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.187% dearer against Bitget than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.135%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget INJUSDT	7.7510	0.0100	pay 0.0100% / 8h	2h 04m	$14.3M	$10.9M	75x
Short	ApeX Omni INJUSDT	7.7760	0.0100	get 0.0013% / 1h	4m 03s	$48K	$348K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.323%Rate

Funding earned: $0
Price spread: +0.323% → +0.135%: $18.71
Slippage, 4 orders: −$25.76
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$29.05
Costs to cover: 0.478%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; ApeX Omni: live order book, 18 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 Bitget live order book, 5 min ago	1.28 bp	11.4 bp −$11	12.9 bp −$129	106.7 bp −$10.7K	doesn't fit
Sell ApeX Omni live order book, 18 min ago	5.14 bp	10.9 bp −$11	109.3 bp −$1,093	doesn't fit	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
Reya INJRUSDPERP	−0.0200%	1h	7.7467	−0.056%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.7523	+0.017%	$89K	$10K	5x	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.7544	+0.044%	$7K	$23K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.7501	−0.011%	$3K	—	150x	as long as short
Kraken Futures PF_INJUSD	+0.0078%	1h	7.7536	+0.034%	$882K	$3.2M	50x	as long as short
Variational Omni INJ	+0.0081%	8h	7.7482	−0.037%	$271K	$157K	—	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.7487	−0.030%	$70K	$13K	3x	as long as short
Orderly PERP_INJ_USDC	+0.0098%	8h	7.7540	+0.039%	$38K	$63K	10x	as long as short
Aster INJUSDT	+0.0100%	8h	7.7551	+0.053%	$155K	$443K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.7560	+0.064%	$35.5M	$94.9M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit INJUSDT	+0.0100%	8h	7.7530	+0.026%	$21.5M	$32.1M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.7530	+0.026%	$6.4M	$20.1M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.7500	−0.013%	$2.8M	$5.1M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.7470	−0.052%	$9.4M	$16.2M	50x	as long as short
Bitget INJUSDTlong	+0.0100%	8h	7.7510	long leg	$14.3M	$10.9M	75x
ApeX Omni INJUSDTshort	+0.0100%	1h	7.7760	+0.323%	$48K	$348K	50x
Extended INJ-USD	+0.0104%	1h	7.7500	−0.012%	$118K	$460K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.7500	−0.013%	$1.8M	$7.6M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.7520	+0.013%	—	$21.4M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.7500	−0.013%	$31.7M	$23.8M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0353% / S −0.0391%	1h	7.7502	−0.010%	$47K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0688%	1h	7.7670	+0.206%	$388K	$698K	50x	as long as short
Hyperliquid INJ	+0.0969%	1h	7.7671	+0.208%	$26.7M	$9.4M	5x	as long as short
Injective INJ/USDC PERP	+0.1499%	1h	7.7890	+0.490%	$319K	$12.1M	30x	as long as short