Funding you earn now, next payment 01:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h +0.015%
Price spread now: Bybit against Deribit−0.073%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 −$3 a day on $10k at the current rate, and Bybit is 0.073% cheaper against Deribit than usual: you would sell low and buy high (−$7 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 | Deribit INJ_USDC-PERPETUAL | 7.8416 | 0 | get 0.0000% / 1h | 34m 46s | $6K | $24K | 25x |
| Short | Bybit INJUSDT | 7.8359 | −0.0116 | pay 0.0116% / 8h | 7h 34m | $22.0M | $31.5M | 50x |
Deribit INJ_USDC-PERPETUAL
Bybit INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Deribit. 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
- −$24.44
- Price spread: −0.073% → 0.000%
- −$7.27
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$49.71
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 4 min ago. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 4 min ago | 0.64 bp | 22.2 bp −$22 | 43.6 bp −$436 | 132.7 bp −$13.3K | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.8388 | −0.036% | — | — | 20x | as long as short |
| Bybit INJUSDTshort | −0.0116% | 8h | 7.8359 | −0.073% | $22.0M | $31.5M | 50x | |
| dYdX INJ-USD | 0.0000% | 1h | 7.8452 | +0.046% | $91K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUALlong | 0.0000% | 1h | 7.8416 | long leg | $6K | $24K | 25x | |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8410 | −0.008% | $3K | — | 150x | as long as short |
| Variational Omni INJ | +0.0080% | 8h | 7.8473 | +0.072% | $279K | $160K | — | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8365 | −0.065% | $71K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8390 | −0.033% | $38K | $66K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8447 | +0.039% | $150K | $443K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8373 | −0.055% | $35.7M | $93.6M | 75x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Variational Omni INJ
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8340 | −0.097% | $6.4M | $19.8M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.8330 | −0.110% | $2.8M | $4.9M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8360 | −0.071% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8390 | −0.033% | $14.5M | $10.3M | 75x | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8490 | +0.094% | $48K | $320K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8372 | −0.056% | $117K | $682K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0195% | 1h | 7.8428 | +0.015% | $886K | $3.0M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8390 | −0.033% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8350 | −0.084% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8380 | −0.046% | $31.9M | $22.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0356% / S −0.0418% | 1h | 7.8391 | −0.032% | $47K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0550% | 1h | 7.8477 | +0.078% | $26.5M | $9.1M | 5x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.8820 | +0.515% | $386K | $659K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1436% | 1h | 7.8830 | +0.528% | $329K | $12.1M | 30x | as long as short |
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
ApeX Omni INJUSDT
Extended INJ-USD
Kraken Futures PF_INJUSD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP