Funding you earn now, next payment 08:00 UTC+0.0622%/8h= +68.1% APRnext payment +$0.78 per $10,000 · paid last 24h +0.221%
Price spread now: Injective against Coinbase International+0.283%7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs+$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$1131.128% of the position
Funding, last 7 days+1.651%+$165 on $10k
+Price spread, last 4 days (all we have)+0.155%+$16 · spread now +0.283%, 7d avg +0.098%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Injective is 0.185% dearer against Coinbase International than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.098%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International INJ-PERP-INTX | 7.7650 | 0.0680 | pay 0.0085% / 1h | 33m 16s | $388K | $746K | 50x |
| Short | Injective INJ/USDC PERP | 7.7870 | 0.1302 | get 0.0163% / 1h | 33m 16s | $539K | $11.4M | 30x |
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $130.6
- Price spread: +0.283% → +0.098%
- $18.49
- Slippage, 4 orders
- −$102.73
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $36.34
- Costs to cover
- 1.128%
- Break-even
- 5.1 days
Slippage from Coinbase International: live order book, 65 min ago; Injective: live order book, 1 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, 65 min ago | 7.13 bp | 31.1 bp −$31 | 80.1 bp −$801 | doesn't fit | doesn't fit |
| Sell Injective live order book, 1 min ago | 26.39 bp | 26.4 bp −$26 | 48.7 bp −$487 | 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 | 7.7608 | −0.054% | — | — | 20x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0022% | 1h | 7.7635 | −0.019% | $18K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0054% | 1h | 7.7452 | −0.255% | $80K | $18K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7440 | −0.271% | $70K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7490 | −0.206% | $34K | $72K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7492 | −0.203% | $149K | $445K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7489 | −0.207% | $34.4M | $103.8M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.7460 | −0.245% | $21.5M | $32.9M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7480 | −0.219% | $6.1M | $20.9M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7460 | −0.245% | $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
Binance 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 | 7.7470 | −0.232% | $8.5M | $18.7M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7430 | −0.283% | $14.2M | $12.0M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7692 | +0.054% | $276K | $143K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7960 | +0.399% | $47K | $266K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7464 | −0.239% | $118K | $642K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7620 | −0.039% | $1.7M | $5.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.7470 | −0.232% | — | $21.7M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.7500 | −0.193% | $31.2M | $21.1M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0326% / S −0.0344% | 1h | 7.7466 | −0.237% | $40K | — | 100x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0576% | 1h | 7.7537 | −0.146% | $5K | $27K | 25x | as long as short |
| Hyperliquid INJ | +0.0677% | 1h | 7.7592 | −0.075% | $26.1M | $8.8M | 5x | as long as short |
| Coinbase International INJ-PERP-INTXlong | +0.0680% | 1h | 7.7650 | long leg | $388K | $746K | 50x | |
| Kraken Futures PF_INJUSD | +0.0829% | 1h | 7.7666 | +0.020% | $850K | $3.8M | 50x | as long as short |
| Injective INJ/USDC PERPshort | +0.1302% | 1h | 7.7870 | +0.283% | $539K | $11.4M | 30x |
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]
Deribit INJ_USDC-PERPETUAL
Hyperliquid INJ
Kraken Futures PF_INJUSD