Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0084%/8h= −9.1% APRpaid last 24h −0.001%

Price spread now: gTrade (Gains Network) against Bybit+0.026%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 0.026% dearer against Bybit than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit INJUSDT	7.6510	0.0100	pay 0.0100% / 8h	2h 07m	$21.1M	$31.7M	50x
Short	gTrade (Gains Network) INJ/USD	7.6530	L +0.0007% / S −0.0016%	get 0.0002% / 1h	7m 01s	$19K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.026%Rate

Funding earned: −$17.54
Price spread: +0.026% → 0.000%: $2.63
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$35.92
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.65 bp	13.6 bp −$14	38.8 bp −$388	doesn't fit	doesn't fit
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
Kraken Futures PF_INJUSD	−0.0211%	1h	7.6631	+0.158%	$794K	$3.5M	50x	as long as short
Reya INJRUSDPERP	−0.0200%	1h	7.6463	−0.062%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.6422	−0.115%	$79K	$17K	5x	as long as short
gTrade (Gains Network) INJ/USDshort	L +0.0007% / S −0.0016%	1h	7.6530	+0.026%	$19K	—	150x
Deribit INJ_USDC-PERPETUAL	+0.0090%	1h	7.6607	+0.127%	$6K	$24K	25x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.6591	+0.106%	$69K	—	3x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.6600	+0.118%	$34K	$94K	10x	as long as short
Hyperliquid INJ	+0.0100%	1h	7.6652	+0.186%	$25.8M	$8.7M	5x	as long as short
Aster INJUSDT	+0.0100%	8h	7.6574	+0.084%	$139K	$420K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.6586	+0.099%	$33.7M	$97.9M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit INJUSDTlong	+0.0100%	8h	7.6510	long leg	$21.1M	$31.7M	50x
OKX INJ-USDT-SWAP	+0.0100%	8h	7.6570	+0.078%	$6.2M	$19.1M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.6530	+0.026%	$2.7M	$5.3M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.6530	+0.026%	$8.5M	$18.2M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.6510	0.000%	$14.0M	$10.4M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.6292	−0.285%	$272K	$148K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.6390	−0.157%	$46K	$270K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.6561	+0.066%	$113K	$563K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.6580	+0.091%	$1.6M	$5.7M	75x	as long as short
BingX INJ-USDT	+0.0248%	8h	7.6570	+0.078%	—	$20.7M	—	as long as short
MEXC INJ_USDT	+0.0261%	8h	7.6590	+0.105%	$30.0M	$20.3M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0268% / S −0.0198%	1h	7.6519	+0.011%	$29K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0480%	1h	7.6640	+0.170%	$374K	$662K	50x	as long as short
Injective INJ/USDC PERP	+0.1029%	1h	7.6640	+0.170%	$319K	$12.1M	30x	as long as short