Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%

Price spread now: Bitget against dYdX−0.143%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 Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.131%+$13 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. Bitget is 0.143% cheaper against dYdX than usual: you would sell low and buy high (spread −0.143% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 4.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX INJ-USD	7.6650	0	get 0.0000% / 1h	57m 34s	$79K	$17K	5x
Short	Bitget INJUSDT	7.6540	0.0100	get 0.0100% / 8h	1h 57m	$14.0M	$10.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.143%Rate

Funding earned: $21
Price spread: −0.143% → 0.000%: −$14.31
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$15.31
Costs to cover: 0.220%
Break-even: 12.1 days

Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	1.30 bp	17.8 bp −$18	25.4 bp −$254	doesn't fit	doesn't fit

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	7.6675	+0.033%	—	—	20x	as long as short
dYdX INJ-USDlong	0.0000%	1h	7.6650	long leg	$79K	$17K	5x
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.6660	+0.013%	$7K	$25K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0007% / S −0.0017%	1h	7.6636	−0.018%	$19K	—	150x	as long as short
Kraken Futures PF_INJUSD	+0.0054%	1h	7.6654	+0.006%	$793K	$3.5M	50x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.6626	−0.030%	$69K	—	3x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.6640	−0.013%	$34K	$94K	10x	as long as short
Aster INJUSDT	+0.0100%	8h	7.6595	−0.071%	$139K	$420K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.6594	−0.072%	$33.8M	$97.7M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.6550	−0.130%	$21.1M	$31.8M	50x	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	7.6570	−0.104%	$6.2M	$19.1M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.6590	−0.078%	$2.7M	$5.3M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.6600	−0.065%	$8.5M	$18.2M	50x	as long as short
Bitget INJUSDTshort	+0.0100%	8h	7.6540	−0.143%	$14.0M	$10.4M	75x
Variational Omni INJ	+0.0100%	8h	7.6631	−0.025%	$271K	$150K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.6760	+0.144%	$46K	$270K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.6643	−0.009%	$114K	$563K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.6630	−0.026%	$1.6M	$5.7M	75x	as long as short
Hyperliquid INJ	+0.0225%	1h	7.6776	+0.165%	$25.8M	$8.7M	5x	as long as short
BingX INJ-USDT	+0.0248%	8h	7.6630	−0.026%	—	$20.8M	—	as long as short
MEXC INJ_USDT	+0.0261%	8h	7.6670	+0.027%	$30.0M	$20.0M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0268% / S −0.0198%	1h	7.6639	−0.014%	$29K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0464%	1h	7.6820	+0.222%	$375K	$660K	50x	as long as short
Injective INJ/USDC PERP	+0.1179%	1h	7.6860	+0.274%	$320K	$12.1M	30x	as long as short