Funding you earn now, next payment 03:00 UTC−0.1111%/8h= −121.7% APRpaid last 24h −0.319%
Price spread now: BloFin against Injective−0.283%7-day average −0.232% · you buy dearer than you sell
Net, funding: paid 7d − costs−$239as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$800.797% of the position
Funding, last 7 days−1.597%−$160 on $10k
+Price spread, last 4 days (all we have)+0.193%+$19 · spread now −0.283%, 7d avg −0.232%
=Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and BloFin is 0.051% cheaper against Injective than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.232%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective INJ/USDC PERP | 7.7700 | 0.1331 | pay 0.0166% / 1h | 3m 35s | $324K | $12.1M | 30x |
| Short | BloFin INJ-USDT | 7.7480 | 0.0220 | get 0.0220% / 8h | 5h 03m | $1.8M | $6.3M | 75x |
Injective INJ/USDC PERP
BloFin INJ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$233.33
- Price spread: −0.283% → −0.232%
- −$5.13
- Slippage, 4 orders
- −$67.73
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$318.21
- Costs to cover
- 0.797%
- Break-even
- never at this rate
Slippage from Injective: live order book, 1 min ago; BloFin: live order book, 5 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, 1 min ago | 26.42 bp | 26.4 bp −$26 | 2312.0 bp −$23.1K | 113119.7 bp −$11.31M | 605598.1 bp −$302.80M |
| Sell BloFin live order book, 5 min ago | 2.57 bp | 15.6 bp −$16 | 31.1 bp −$311 | 148.9 bp −$14.9K | doesn't fit |
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 | 7.7272 | −0.551% | — | — | 20x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.7404 | −0.381% | $6K | $24K | 25x | as long as short |
| dYdX INJ-USD | +0.0002% | 1h | 7.7347 | −0.454% | $80K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.7351 | −0.449% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7389 | −0.401% | $70K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7349 | −0.452% | $148K | $400K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7330 | −0.476% | $35.1M | $90.0M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.7310 | −0.502% | $21.9M | $30.3M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7230 | −0.605% | $6.3M | $18.3M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7280 | −0.541% | $2.7M | $5.0M | 50x | as long as short |
Reya INJRUSDPERP
Deribit INJ_USDC-PERPETUAL
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7330 | −0.476% | $9.5M | $16.5M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7240 | −0.592% | $14.2M | $9.7M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7290 | −0.528% | $272K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7370 | −0.425% | $46K | $270K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7370 | −0.425% | $34K | $92K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7277 | −0.544% | $116K | $367K | 10x | as long as short |
| BloFin INJ-USDTshort | +0.0220% | 8h | 7.7480 | −0.283% | $1.8M | $6.3M | 75x | |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0269% / S −0.0198% | 1h | 7.7353 | −0.446% | $29K | — | 100x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.7310 | −0.502% | — | $21.0M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.7270 | −0.553% | $31.8M | $21.0M | 300x | as long as short |
| Hyperliquid INJ | +0.0322% | 1h | 7.7366 | −0.430% | $26.0M | $8.6M | 5x | as long as short |
| Kraken Futures PF_INJUSD | +0.0442% | 1h | 7.7452 | −0.319% | $856K | $2.9M | 50x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0640% | 1h | 7.7530 | −0.219% | $380K | $572K | 50x | as long as short |
| Injective INJ/USDC PERPlong | +0.1331% | 1h | 7.7700 | long leg | $324K | $12.1M | 30x |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
GMX INJ/USD [WBTC.b-USDC]
BingX INJ-USDT
MEXC INJ_USDT
Hyperliquid INJ
Kraken Futures PF_INJUSD
Coinbase International INJ-PERP-INTX