Funding you earn now, next payment 03:00 UTC+0.0588%/8h= +64.4% APRpaid last 24h +0.145%
Price spread now: Coinbase International against Bybit+0.185%7-day average +0.174% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$920.924% of the position
Funding, last 7 days+0.142%+$14 on $10k
+Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.185%, 7d avg +0.174%
=The price spread sits at its 7-day average of +0.174%, so right now this pair is about funding alone: +$18 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.142% in total (about 7.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit INJUSDT | 7.5680 | 0.0100 | pay 0.0100% / 8h | 4h 18m | $21.1M | $32.1M | 50x |
| Short | Coinbase International INJ-PERP-INTX | 7.5820 | 0.0688 | get 0.0086% / 1h | 18m 34s | $373K | $605K | 50x |
Bybit INJUSDT
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bybit. 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
- $123.48
- Price spread: +0.185% → +0.174%
- $1.13
- Slippage, 4 orders
- −$71.45
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $32.16
- Costs to cover
- 0.924%
- Break-even
- 5.2 days
Slippage from Bybit: live order book, 5 min ago; Coinbase International: live order book, 40 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 Bybit live order book, 5 min ago | 0.66 bp | 13.8 bp −$14 | 43.2 bp −$432 | 158.2 bp −$15.8K | doesn't fit |
| Sell Coinbase International live order book, 40 min ago | 12.93 bp | 33.8 bp −$34 | 72.8 bp −$728 | 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 | 7.5657 | −0.031% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5656 | −0.031% | $78K | $17K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.5687 | +0.009% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.5721 | +0.054% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.5637 | −0.057% | $68K | — | 3x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.5691 | +0.015% | $25.6M | $8.9M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.5634 | −0.061% | $139K | $422K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.5700 | +0.026% | $33.4M | $96.8M | 75x | as long as short |
| Bybit INJUSDTlong | +0.0100% | 8h | 7.5680 | long leg | $21.1M | $32.1M | 50x | |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.5680 | 0.000% | $6.1M | $19.3M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Hyperliquid INJ
Aster INJUSDT
Binance 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 | 7.5670 | −0.013% | $2.7M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.5600 | −0.106% | $9.4M | $17.5M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.5630 | −0.066% | $13.9M | $10.6M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5621 | −0.078% | $266K | $151K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.5670 | −0.013% | $45K | $271K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.5650 | −0.040% | $34K | $94K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.5647 | −0.044% | $112K | $366K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.5690 | +0.013% | $1.7M | $5.9M | 75x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0267% / S −0.0198% | 1h | 7.5717 | +0.048% | $29K | — | 100x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.5690 | +0.013% | — | $21.2M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.5650 | −0.040% | $29.9M | $21.3M | 300x | as long as short |
| Kraken Futures PF_INJUSD | +0.0325% | 1h | 7.5655 | −0.033% | $815K | $3.4M | 50x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0688% | 1h | 7.5820 | +0.185% | $373K | $605K | 50x | |
| Injective INJ/USDC PERP | +0.1333% | 1h | 7.5930 | +0.330% | $317K | $12.1M | 30x | as long as short |
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
BloFin INJ-USDT
GMX INJ/USD [WBTC.b-USDC]
BingX INJ-USDT
MEXC INJ_USDT
Kraken Futures PF_INJUSD
Injective INJ/USDC PERP