Funding you earn now, next payment 02:00 UTC−0.0540%/8h= −59.1% APRpaid last 24h −0.141%
Price spread now: OKX against Coinbase International−0.191%7-day average −0.173% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$850.847% of the position
Funding, last 7 days−0.139%−$14 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.191%, 7d avg −0.173%
=The price spread sits at its 7-day average of −0.173%, so right now this pair is about funding alone: −$16 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 -0.139% in total (about -7.3% 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 | 7.8360 | 0.0640 | pay 0.0080% / 1h | 29m 17s | $385K | $581K | 50x |
| Short | OKX INJ-USDT-SWAP | 7.8210 | 0.0100 | get 0.0100% / 8h | 5h 29m | $6.4M | $18.5M | 50x |
Coinbase International INJ-PERP-INTX
OKX INJ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$113.4
- Price spread: −0.191% → −0.173%
- −$1.82
- Slippage, 4 orders
- −$64.71
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$199.93
- Costs to cover
- 0.847%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 34 min ago; OKX: live order book, 4 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, 34 min ago | 11.53 bp | 26.7 bp −$27 | 67.3 bp −$673 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.28 bp | 13.5 bp −$14 | 28.4 bp −$284 | 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 | 7.8311 | −0.062% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8204 | −0.199% | $81K | $17K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8329 | −0.040% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8318 | −0.054% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8300 | −0.077% | $71K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8342 | −0.022% | $149K | $424K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8299 | −0.077% | $35.4M | $89.9M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8269 | −0.116% | $22.1M | $30.3M | 50x | as long as short |
| OKX INJ-USDT-SWAPshort | +0.0100% | 8h | 7.8210 | −0.191% | $6.4M | $18.5M | 50x | |
| Gate INJ_USDT | +0.0100% | 8h | 7.8290 | −0.089% | $2.8M | $4.9M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
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 | 7.8330 | −0.038% | $9.4M | $16.4M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8300 | −0.077% | $14.4M | $9.8M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8029 | −0.422% | $274K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8080 | −0.357% | $47K | $273K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8310 | −0.064% | $35K | $92K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8308 | −0.066% | $116K | $367K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8290 | −0.089% | $1.7M | $6.4M | 75x | as long as short |
| Hyperliquid INJ | +0.0268% | 1h | 7.8401 | +0.052% | $26.4M | $8.7M | 5x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0269% / S −0.0198% | 1h | 7.8312 | −0.062% | $30K | — | 100x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8300 | −0.077% | — | $21.2M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8290 | −0.089% | $32.3M | $20.9M | 300x | as long as short |
| Kraken Futures PF_INJUSD | +0.0437% | 1h | 7.8296 | −0.082% | $867K | $3.0M | 50x | as long as short |
| Coinbase International INJ-PERP-INTXlong | +0.0640% | 1h | 7.8360 | long leg | $385K | $581K | 50x | |
| Injective INJ/USDC PERP | +0.1331% | 1h | 7.8360 | 0.000% | $327K | $12.1M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
BloFin INJ-USDT
Hyperliquid INJ
GMX INJ/USD [WBTC.b-USDC]
BingX INJ-USDT
MEXC INJ_USDT
Kraken Futures PF_INJUSD
Injective INJ/USDC PERP