Funding you earn now, next payment 00:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.65 per $10,000 · paid last 24h +0.005%
Price spread now: MEXC against BloFin−0.228%94s7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as 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−$430.433% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 3 days (all we have)+0.096%+$10 · spread now −0.228%, 7d avg +0.020%
=Funding pays, the price is against you. MEXC is 0.248% cheaper against BloFin than usual: you would sell low and buy high (spread −0.228% now, against its 7-day average of +0.020%). If the spread goes back, that is −$25 on $10k: about 13 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.049% in total) that is about 35 days. The two prices were read 94 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 | BloFin INJ-USDT | 7.9000 | 0.0220 | pay 0.0220% / 8h | 41m 39s | $1.8M | $7.7M | 75x |
| Short | MEXC INJ_USDT | 7.8820 | 0.0285 | get 0.0285% / 8h | 41m 39s | $32.0M | $22.7M | 300x |
BloFin INJ-USDT
MEXC INJ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BloFin. 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
- $13.65
- Price spread: −0.228% → +0.020%
- −$24.77
- Slippage, 4 orders
- −$31.26
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$54.38
- Costs to cover
- 0.433%
- Break-even
- 34.9 days
Slippage from BloFin: live order book, 2 min ago; MEXC: live order book, 2 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 BloFin live order book, 2 min ago | 5.06 bp | 14.8 bp −$15 | 37.0 bp −$370 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.63 bp | 13.4 bp −$13 | 19.7 bp −$197 | 66.2 bp −$6,620 | 132.1 bp −$66.0K |
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 | 7.8883 | −0.149% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8820 | −0.228% | $91K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8944 | −0.071% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8896 | −0.131% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8895 | −0.133% | $71K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0099% | 8h | 7.8920 | −0.101% | $37K | $65K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8860 | −0.177% | $158K | $449K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8870 | −0.164% | $36.0M | $94.8M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8808 | −0.243% | $22.2M | $32.2M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8840 | −0.203% | $6.5M | $20.3M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate INJ_USDT | +0.0100% | 8h | 7.8790 | −0.266% | $2.8M | $5.0M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8800 | −0.253% | $9.5M | $16.5M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8830 | −0.215% | $14.5M | $10.7M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.9315 | +0.399% | $283K | $160K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.9250 | +0.316% | $49K | $348K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8829 | −0.217% | $120K | $460K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0202% | 1h | 7.8958 | −0.053% | $880K | $3.0M | 50x | as long as short |
| BloFin INJ-USDTlong | +0.0220% | 8h | 7.9000 | long leg | $1.8M | $7.7M | 75x | |
| BingX INJ-USDT | +0.0271% | 8h | 7.8820 | −0.228% | — | $21.6M | — | as long as short |
| MEXC INJ_USDTshort | +0.0285% | 8h | 7.8820 | −0.228% | $32.0M | $22.7M | 300x | |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0356% / S −0.0418% | 1h | 7.8905 | −0.120% | $47K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0604% | 1h | 7.9019 | +0.024% | $26.7M | $9.6M | 5x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.9870 | +1.101% | $392K | $728K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1298% | 1h | 7.9600 | +0.759% | $326K | $12.1M | 30x | as long as short |
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
Kraken Futures PF_INJUSD
BingX INJ-USDT
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP