Funding arb · Price arb /

INJ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.028%

Price spread now: Bitget against gTrade (Gains Network)−0.158%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Bitget is 0.158% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.158% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 5.6 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	gTrade (Gains Network) INJ/USD	7.5819	L +0.0007% / S −0.0035%	pay 0.0001% / 1h	24m 10s	$16K	—	150x
Short	Bitget INJUSDT	7.5700	0.0100	get 0.0100% / 8h	3h 24m	$13.9M	$10.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BitgetbpOrdersPrice spread, now −0.158%Rate

Funding earned: $19.63
Price spread: −0.158% → 0.000%: −$15.76
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$18.13
Costs to cover: 0.220%
Break-even: 13.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	1.32 bp	10.3 bp −$10	21.3 bp −$213	96.5 bp −$9,648	doesn't fit

gTrade (Gains Network): 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
Kraken Futures PF_INJUSD	−0.0234%	1h	7.5779	−0.054%	$780K	$3.4M	50x	as long as short
Reya INJRUSDPERP	−0.0200%	1h	7.5796	−0.031%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.5857	+0.050%	$78K	$17K	5x	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.5809	−0.014%	$6K	$24K	25x	as long as short
gTrade (Gains Network) INJ/USDlong	L +0.0007% / S −0.0035%	1h	7.5819	long leg	$16K	—	150x
Aevo INJ-PERP	+0.0096%	1h	7.5777	−0.056%	$68K	—	3x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.5820	+0.001%	$34K	$94K	10x	as long as short
Hyperliquid INJ	+0.0100%	1h	7.5834	+0.019%	$25.6M	$8.7M	5x	as long as short
Aster INJUSDT	+0.0100%	8h	7.5805	−0.019%	$139K	$417K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.5763	−0.075%	$33.1M	$96.2M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit INJUSDT	+0.0100%	8h	7.5770	−0.065%	$21.1M	$31.7M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.5740	−0.105%	$6.2M	$18.5M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.5730	−0.118%	$2.7M	$5.2M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.5750	−0.092%	$9.4M	$17.6M	50x	as long as short
Bitget INJUSDTshort	+0.0100%	8h	7.5700	−0.158%	$13.9M	$10.2M	75x
Variational Omni INJ	+0.0100%	8h	7.5891	+0.094%	$267K	$144K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.5960	+0.185%	$46K	$270K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.5797	−0.030%	$113K	$357K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.5850	+0.040%	$1.6M	$5.8M	75x	as long as short
BingX INJ-USDT	+0.0248%	8h	7.5760	−0.078%	—	$21.0M	—	as long as short
MEXC INJ_USDT	+0.0261%	8h	7.5800	−0.026%	$29.8M	$21.5M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0267% / S −0.0198%	1h	7.5810	−0.013%	$29K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0552%	1h	7.5990	+0.225%	$368K	$614K	50x	as long as short
Injective INJ/USDC PERP	+0.1172%	1h	7.6230	+0.541%	$318K	$12.1M	30x	as long as short