Funding you earn now, next payment 11:00 UTC−0.1201%/8h= −131.5% APRpaid last 24h −0.353%
Price spread now: Binance against Injective−0.327%97s7-day average −0.214% · you buy dearer than you sell
Net, funding: paid 7d − costs−$260as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$770.768% of the position
Funding, last 7 days−1.834%−$183 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now −0.327%, 7d avg −0.214%
=Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Binance is 0.113% cheaper against Injective than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.214%). Swap the legs. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective INJ/USDC PERP | 7.6800 | 0.1301 | pay 0.0163% / 1h | 27m 49s | $315K | $15.2M | 30x |
| Short | Binance INJUSDT | 7.6549 | 0.0100 | get 0.0100% / 8h | 5h 27m | $33.9M | $94.9M | 75x |
Injective INJ/USDC PERP
Binance INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$252.11
- Price spread: −0.327% → −0.214%
- −$11.34
- Slippage, 4 orders
- −$66.73
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$340.2
- Costs to cover
- 0.768%
- Break-even
- never at this rate
Slippage from Injective: live order book, 4 min ago; Binance: live order book, 8 min ago.
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 Injective live order book, 4 min ago | 26.78 bp | 26.8 bp −$27 | 147.9 bp −$1,479 | 77986.1 bp −$7.80M | 429930.1 bp −$214.97M |
| Sell Binance live order book, 8 min ago | 0.65 bp | 13.7 bp −$14 | 34.4 bp −$344 | 114.3 bp −$11.4K | doesn't fit |
INJ on 24 exchanges
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 | 7.6457 | −0.447% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.6562 | −0.309% | $78K | $14K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0008% / S −0.0024% | 1h | 7.6521 | −0.363% | $17K | — | 150x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0064% | 1h | 7.6545 | −0.332% | $5K | $11K | 25x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6542 | −0.336% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6530 | −0.352% | $34K | $72K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.6536 | −0.344% | $147K | $296K | 20x | as long as short |
| Binance INJUSDTshort | +0.0100% | 8h | 7.6549 | −0.327% | $33.9M | $94.9M | 75x | |
| Bybit INJUSDT | +0.0100% | 8h | 7.6416 | −0.500% | $20.7M | $29.5M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.6400 | −0.521% | $5.8M | $20.4M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Deribit INJ_USDC-PERPETUAL
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAPShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate INJ_USDT | +0.0100% | 8h | 7.6510 | −0.378% | $2.7M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6520 | −0.365% | $8.4M | $17.8M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6480 | −0.417% | $14.1M | $10.8M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6357 | −0.577% | $273K | $106K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.6450 | −0.456% | $46K | $264K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6527 | −0.356% | $116K | $648K | 10x | as long as short |
| Hyperliquid INJ | +0.0107% | 1h | 7.6578 | −0.289% | $25.7M | $7.8M | 5x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.6640 | −0.208% | $1.6M | $5.2M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.6520 | −0.365% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.6520 | −0.365% | $30.2M | $20.4M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0427% / S −0.0611% | 1h | 7.6635 | −0.215% | $60K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0728% | 1h | 7.6670 | −0.169% | $382K | $641K | 50x | as long as short |
| Kraken Futures PF_INJUSD | +0.1030% | 1h | 7.6599 | −0.262% | $883K | $3.4M | 50x | as long as short |
| Injective INJ/USDC PERPlong | +0.1301% | 1h | 7.6800 | long leg | $315K | $15.2M | 30x |
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
Hyperliquid INJ
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Kraken Futures PF_INJUSD