Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.009%

Price spread now: Gate against dYdX−0.062%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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 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. Gate is 0.062% cheaper against dYdX than usual: you would sell low and buy high (spread −0.062% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX INJ-USD	7.6547	0.0020	pay 0.0002% / 1h	3m 31s	$79K	$17K	5x
Short	Gate INJ_USDT	7.6500	0.0100	get 0.0100% / 8h	1h 03m	$2.6M	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 GatebpOrdersPrice spread, now −0.062%Rate

Funding earned: $16.83
Price spread: −0.062% → 0.000%: −$6.19
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$14.36
Costs to cover: 0.250%
Break-even: 13.0 days

Slippage unknown: dYdX: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	4.56 bp	18.3 bp −$18	53.0 bp −$530	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	7.6465	−0.107%	—	—	20x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0007% / S −0.0017%	1h	7.6483	−0.084%	$19K	—	150x	as long as short
dYdX INJ-USDlong	+0.0020%	1h	7.6547	long leg	$79K	$17K	5x
Kraken Futures PF_INJUSD	+0.0054%	1h	7.6518	−0.038%	$779K	$3.5M	50x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.6486	−0.080%	$69K	—	3x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.6500	−0.062%	$34K	$82K	10x	as long as short
Aster INJUSDT	+0.0100%	8h	7.6550	+0.003%	$138K	$427K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.6520	−0.036%	$33.8M	$97.5M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.6496	−0.067%	$21.2M	$31.5M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.6480	−0.088%	$6.2M	$19.1M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate INJ_USDTshort	+0.0100%	8h	7.6500	−0.062%	$2.6M	$5.4M	50x
KuCoin INJUSDTM	+0.0100%	8h	7.6490	−0.075%	$8.5M	$18.4M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.6480	−0.088%	$14.1M	$10.5M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.6762	+0.280%	$273K	$150K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.6620	+0.095%	$46K	$268K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.6506	−0.054%	$114K	$560K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.6640	+0.121%	$1.7M	$5.7M	75x	as long as short
Deribit INJ_USDC-PERPETUAL	+0.0247%	1h	7.6529	−0.024%	$7K	$25K	25x	as long as short
BingX INJ-USDT	+0.0248%	8h	7.6520	−0.036%	—	$21.3M	—	as long as short
MEXC INJ_USDT	+0.0261%	8h	7.6520	−0.036%	$30.1M	$20.3M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0268% / S −0.0198%	1h	7.6483	−0.084%	$29K	—	100x	as long as short
Hyperliquid INJ	+0.0354%	1h	7.6603	+0.073%	$25.7M	$8.6M	5x	as long as short
Coinbase International INJ-PERP-INTX	+0.0464%	1h	7.7020	+0.617%	$384K	$675K	50x	as long as short
Injective INJ/USDC PERP	+0.1179%	1h	7.7030	+0.631%	$321K	$12.1M	30x	as long as short