data as of
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Price arb /

INJ

all INJ markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$34
spread now+0.282%7d average−0.082%fees + slippage, in and out−$70spread needed0.700%
Long on InjectiveShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective INJ/USDC PERP7.80000.1016pay 0.0127% / 1h39m 30s$317K$12.2M30x
ShortHyperliquid INJ7.82200.1097get 0.0137% / 1h39m 30s$26.7M$8.9M5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$28.21
Funding while held
$2.44
Slippage, 4 orders
−$60.95
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$39.33
Spread needed to break even
0.700%
Slippage from Injective: live order book, 1 min ago; Hyperliquid: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
+0.0081%
Per $10,000 a day
+$2.44
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective live order book, 1 min ago27.48 bp27.5 bp −$273586.8 bp −$35.9K125867.2 bp −$12.59M669335.6 bp −$334.67M
Sell Hyperliquid live order book, 5 min ago1.15 bp7.8 bp −$8doesn't fitdoesn't fitdoesn't fit

INJ price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni7.7839cheapestExtended7.7907+0.087%OKX7.7910+0.091%Bybit7.7930+0.117%Bitget7.7930+0.117%Binance7.7960+0.155%Gate7.7960+0.155%MEXC7.7970+0.168%
Injective7.8000+0.207%
BingX7.8010+0.220%ApeX Omni7.8030+0.245%KuCoin7.8090+0.322%dYdX7.8102+0.338%Reya7.8104+0.340%Aevo7.8115+0.355%BloFin7.8120+0.361%Orderly7.8130+0.374%gTrade (Gains Network)7.8179+0.436%Deribit7.8185+0.444%GMX7.8209+0.475%
Hyperliquid7.8220+0.489%
Aster7.8244+0.520%Kraken Futures7.8255+0.535%Coinbase International7.8280+0.566%

INJ on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni INJ−0.206%−0.0262%8h$259K$178K—as long as short
Extended INJ-USD−0.119%−0.0088%1h$94K$490K10xas long as short
OKX INJ-USDT-SWAP−0.115%−0.0181%8h$6.3M$25.7M50xas long as short
Bybit INJUSDT−0.090%−0.0311%8h$21.7M$32.3M50xas long as short
Bitget INJUSDT−0.090%+0.0097%8h$14.4M$12.4M75xas long as short
Binance INJUSDT−0.051%−0.0097%8h$34.2M$100.0M75xas long as short
Gate INJ_USDT−0.051%−0.0212%8h$2.8M$5.6M50xas long as short
MEXC INJ_USDT−0.038%+0.0056%8h$32.3M$23.2M300xas long as short
Injective INJ/USDC PERPlong0.000%+0.1016%1h$317K$12.2M30x
BingX INJ-USDT+0.013%+0.0091%8h—$23.5M—as long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni INJUSDT+0.038%−0.0450%1h$51K$313K50xas long as short
KuCoin INJUSDTM+0.115%+0.0100%8h$10.0M$17.3M50xas long as short
dYdX INJ-USD+0.131%0.0000%1h$92K$13K5xas long as short
Reya INJRUSDPERP+0.133%−0.0200%1h——20xas long as short
Aevo INJ-PERP+0.147%−0.0088%1h$71K$13K3xas long as short
BloFin INJ-USDT+0.154%+0.0028%8h$1.9M$7.4M75xas long as short
Orderly PERP_INJ_USDC+0.167%+0.0067%8h$32K$80K10xas long as short
gTrade (Gains Network) INJ/USD+0.229%L +0.0006% / S −0.0002%1h$3K—150xas long as short
Deribit INJ_USDC-PERPETUAL+0.237%−0.1818%1h$9K$21K25xas long as short
GMX INJ/USD [WBTC.b-USDC]+0.268%L +0.0309% / S −0.0291%1h$49K—100xas long as short
Hyperliquid INJshort+0.282%+0.1097%1h$26.7M$8.9M5x
Aster INJUSDT+0.313%+0.0100%8h$168K$516K20xas long as short
Kraken Futures PF_INJUSD+0.327%+0.0060%1h$976K$3.1M50xas long as short
Coinbase International INJ-PERP-INTX+0.359%+0.0320%1h$328K$1.4M50xas long as short