Funding you earn now, next payment 08:00 UTC−0.0580%/8h= −63.5% APRpaid last 24h −0.133%
Price spread now: Binance against Coinbase International−0.278%7-day average −0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$830.826% of the position
Funding, last 7 days−0.176%−$18 on $10k
+Price spread, last 4 days (all we have)+0.202%+$20 · spread now −0.278%, 7d avg −0.116%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Binance is 0.162% cheaper against Coinbase International than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.116%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.176% in total (about -9.2% 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 | Coinbase International INJ-PERP-INTX | 7.7910 | 0.0680 | pay 0.0085% / 1h | 34m 32s | $388K | $749K | 50x |
| Short | Binance INJUSDT | 7.7694 | 0.0100 | get 0.0100% / 8h | 7h 34m | $34.6M | $103.8M | 75x |
Coinbase International INJ-PERP-INTX
Binance INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Coinbase International. 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
- −$121.8
- Price spread: −0.278% → −0.116%
- −$16.2
- Slippage, 4 orders
- −$62.6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$220.61
- Costs to cover
- 0.826%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 64 min ago; Binance: live order book, 8 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 Coinbase International live order book, 64 min ago | 7.13 bp | 31.1 bp −$31 | 80.1 bp −$801 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.64 bp | 11.2 bp −$11 | 28.1 bp −$281 | 139.0 bp −$13.9K | 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 | 7.7613 | −0.381% | — | — | 20x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0022% | 1h | 7.7635 | −0.353% | $18K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0057% | 1h | 7.7647 | −0.338% | $80K | $18K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7645 | −0.340% | $70K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7650 | −0.334% | $34K | $72K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7718 | −0.246% | $150K | $445K | 20x | as long as short |
| Binance INJUSDTshort | +0.0100% | 8h | 7.7694 | −0.278% | $34.6M | $103.8M | 75x | |
| Bybit INJUSDT | +0.0100% | 8h | 7.7605 | −0.391% | $21.5M | $32.9M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7630 | −0.359% | $6.1M | $20.9M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7680 | −0.295% | $2.7M | $5.8M | 50x | as long as short |
Reya INJRUSDPERP
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7650 | −0.334% | $8.6M | $18.7M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7600 | −0.398% | $14.3M | $12.0M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7692 | −0.280% | $276K | $143K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7960 | +0.064% | $47K | $266K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7721 | −0.242% | $118K | $642K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7710 | −0.257% | $1.7M | $5.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.7710 | −0.257% | — | $21.8M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.7730 | −0.231% | $31.3M | $21.0M | 300x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0291% | 1h | 7.7695 | −0.276% | $5K | $27K | 25x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0326% / S −0.0344% | 1h | 7.7603 | −0.394% | $40K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0677% | 1h | 7.7782 | −0.165% | $26.1M | $8.8M | 5x | as long as short |
| Coinbase International INJ-PERP-INTXlong | +0.0680% | 1h | 7.7910 | long leg | $388K | $749K | 50x | |
| Kraken Futures PF_INJUSD | +0.0828% | 1h | 7.7744 | −0.213% | $850K | $3.8M | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1302% | 1h | 7.8040 | +0.167% | $540K | $11.4M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
Deribit INJ_USDC-PERPETUAL
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Kraken Futures PF_INJUSD
Injective INJ/USDC PERP