Funding you earn now, next payment 05:00 UTC−0.0397%/8h= −43.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.182%
Price spread now: Deribit against Coinbase International−0.049%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Deribit is 0.049% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International INJ-PERP-INTX | 7.5240 | 0.0480 | pay 0.0060% / 1h | 27m 31s | $369K | $633K | 50x |
| Short | Deribit INJ_USDC-PERPETUAL | 7.5203 | 0.0083 | get 0.0010% / 1h | 27m 31s | $6K | $24K | 25x |
Coinbase International INJ-PERP-INTX
Deribit INJ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$83.37
- Price spread: −0.049% → 0.000%
- −$4.92
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$105.29
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 21 min ago; Deribit: 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 Coinbase International live order book, 21 min ago | 8.58 bp | 32.8 bp −$33 | 75.6 bp −$756 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | −0.0215% | 1h | 7.5200 | −0.053% | $779K | $3.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.5119 | −0.161% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5219 | −0.028% | $78K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0027% | 1h | 7.5140 | −0.133% | $16K | — | 150x | as long as short |
| Deribit INJ_USDC-PERPETUALshort | +0.0083% | 1h | 7.5203 | −0.049% | $6K | $24K | 25x | |
| Aevo INJ-PERP | +0.0096% | 1h | 7.5185 | −0.073% | $68K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.5170 | −0.093% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.5269 | +0.039% | $25.3M | $8.7M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.5061 | −0.237% | $137K | $418K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.5208 | −0.042% | $32.7M | $97.1M | 75x | as long as short |
Kraken Futures PF_INJUSD
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Hyperliquid INJ
Aster INJUSDT
Binance INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | +0.0100% | 8h | 7.5000 | −0.319% | $20.7M | $31.6M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.5030 | −0.279% | $6.1M | $18.5M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.5160 | −0.106% | $2.6M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.5150 | −0.120% | $8.4M | $18.2M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.5000 | −0.319% | $13.8M | $10.2M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5023 | −0.288% | $268K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.5120 | −0.159% | $45K | $270K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.5166 | −0.098% | $112K | $562K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.5170 | −0.093% | $1.6M | $5.6M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.5090 | −0.199% | — | $20.7M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.5190 | −0.066% | $29.8M | $20.1M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0267% / S −0.0198% | 1h | 7.5148 | −0.122% | $28K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTXlong | +0.0480% | 1h | 7.5240 | long leg | $369K | $633K | 50x | |
| Injective INJ/USDC PERP | +0.1029% | 1h | 7.5380 | +0.186% | $314K | $12.1M | 30x | as long as short |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Injective INJ/USDC PERP