Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0271%/8h= +29.7% APRpaid last 24h +0.068%

Price spread now: BingX against dYdX−0.209%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.343%+$34 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.209% cheaper against dYdX than usual: you would sell low and buy high (spread −0.209% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 2.6 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX INJ-USD	7.8494	0	get 0.0000% / 1h	29m 05s	$91K	$8K	5x
Short	BingX INJ-USDT	7.8330	0.0271	get 0.0271% / 8h	7h 29m	—	$21.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee BingXbpOrdersPrice spread, now −0.209%Rate

Funding earned: $56.91
Price spread: −0.209% → 0.000%: −$20.93
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $15.98
Costs to cover: 0.200%
Break-even: 5.0 days

Slippage unknown: dYdX: no order-book sample; BingX: live order book, 9 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 dYdX no order-book sample	—	—	—	—	—
Sell BingX live order book, 9 min ago	0.64 bp	6.5 bp −$7	9.0 bp −$90	21.1 bp −$2,105	54.1 bp −$27.1K

dYdX: 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	7.8253	−0.307%	—	—	20x	as long as short
Deribit INJ_USDC-PERPETUAL	−0.0005%	1h	7.8309	−0.236%	$6K	$24K	25x	as long as short
dYdX INJ-USDlong	0.0000%	1h	7.8494	long leg	$91K	$8K	5x
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.8294	−0.255%	$3K	—	150x	as long as short
Bybit INJUSDT	+0.0065%	8h	7.8330	−0.209%	$22.0M	$31.4M	50x	as long as short
Variational Omni INJ	+0.0085%	8h	7.8593	+0.126%	$280K	$160K	—	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.8290	−0.260%	$71K	—	3x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.8310	−0.235%	$38K	$66K	10x	as long as short
Aster INJUSDT	+0.0100%	8h	7.8365	−0.165%	$150K	$443K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.8370	−0.158%	$35.7M	$93.5M	75x	as long as short

Show 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	−0.197%	$6.4M	$19.7M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.8320	−0.222%	$2.8M	$4.9M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.8290	−0.260%	$9.5M	$16.6M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.8310	−0.235%	$14.5M	$10.3M	75x	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.8420	−0.095%	$48K	$320K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.8324	−0.217%	$117K	$715K	10x	as long as short
Kraken Futures PF_INJUSD	+0.0195%	1h	7.8338	−0.199%	$891K	$3.0M	50x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.8350	−0.184%	$1.8M	$7.7M	75x	as long as short
BingX INJ-USDTshort	+0.0271%	8h	7.8330	−0.209%	—	$21.5M	—
MEXC INJ_USDT	+0.0285%	8h	7.8350	−0.184%	$31.9M	$22.6M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0355% / S −0.0418%	1h	7.8267	−0.289%	$46K	—	100x	as long as short
Hyperliquid INJ	+0.0508%	1h	7.8432	−0.079%	$26.5M	$9.1M	5x	as long as short
Coinbase International INJ-PERP-INTX	+0.0632%	1h	7.8450	−0.056%	$382K	$654K	50x	as long as short
Injective INJ/USDC PERP	+0.1436%	1h	7.8820	+0.415%	$329K	$12.1M	30x	as long as short