Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0285%/8h= +31.2% APRpaid last 24h +0.066%

Price spread now: MEXC against dYdX−0.152%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 MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.387%+$39 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. MEXC is 0.152% cheaper against dYdX than usual: you would sell low and buy high (spread −0.152% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 43 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX INJ-USD	7.9200	0	get 0.0000% / 1h	43m 39s	$91K	$8K	5x
Short	MEXC INJ_USDT	7.9080	0.0285	get 0.0285% / 8h	43m 39s	$32.1M	$22.7M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.152%Rate

Funding earned: $59.85
Price spread: −0.152% → 0.000%: −$15.21
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $34.64
Costs to cover: 0.100%
Break-even: 2.9 days

Slippage unknown: dYdX: no order-book sample; MEXC: 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 MEXC live order book, 5 min ago	0.63 bp	2.0 bp −$2	9.9 bp −$99	59.3 bp −$5,932	112.7 bp −$56.3K

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	7.9157	−0.055%	—	—	20x	as long as short
dYdX INJ-USDlong	0.0000%	1h	7.9200	long leg	$91K	$8K	5x
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.9242	+0.052%	$7K	$23K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.9196	−0.005%	$3K	—	150x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.9200	0.000%	$72K	$13K	3x	as long as short
Orderly PERP_INJ_USDC	+0.0099%	8h	7.9220	+0.025%	$37K	$65K	10x	as long as short
Aster INJUSDT	+0.0100%	8h	7.9200	−0.001%	$159K	$440K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.9164	−0.046%	$36.1M	$94.6M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.9062	−0.175%	$22.3M	$32.2M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.9030	−0.215%	$6.5M	$20.3M	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_USDT	+0.0100%	8h	7.9160	−0.051%	$2.8M	$5.0M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.9140	−0.076%	$9.6M	$16.5M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.9060	−0.177%	$14.6M	$10.7M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.9315	+0.145%	$283K	$160K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.9830	+0.795%	$49K	$348K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.9125	−0.095%	$120K	$460K	10x	as long as short
Kraken Futures PF_INJUSD	+0.0201%	1h	7.9275	+0.095%	$883K	$3.0M	50x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.9230	+0.037%	$1.8M	$7.8M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.9090	−0.140%	—	$21.5M	—	as long as short
MEXC INJ_USDTshort	+0.0285%	8h	7.9080	−0.152%	$32.1M	$22.7M	300x
GMX INJ/USD [WBTC.b-USDC]	L +0.0357% / S −0.0418%	1h	7.9178	−0.029%	$47K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0632%	1h	7.9870	+0.845%	$392K	$728K	50x	as long as short
Hyperliquid INJ	+0.0637%	1h	7.9286	+0.107%	$26.9M	$9.6M	5x	as long as short
Injective INJ/USDC PERP	+0.1298%	1h	7.9610	+0.517%	$326K	$12.1M	30x	as long as short