Funding you earn now, next payment 08:00 UTC−0.1287%/8h= −141.0% APRpaid last 24h −0.305%
Price spread now: MEXC against Injective−0.336%7-day average −0.214% · you buy dearer than you sell
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$610.610% of the position
Funding, last 7 days−1.542%−$154 on $10k
+Price spread, last 4 days (all we have)−0.109%−$11 · spread now −0.336%, 7d avg −0.214%
=Both sides work against this trade now: funding costs −$39 a day on $10k at the current rate, and MEXC is 0.122% cheaper against Injective than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.214%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective INJ/USDC PERP | 7.7380 | 0.1548 | pay 0.0194% / 1h | 11m 06s | $316K | $12.5M | 30x |
| Short | MEXC INJ_USDT | 7.7120 | 0.0261 | get 0.0261% / 8h | 11m 06s | $30.7M | $20.9M | 300x |
Injective INJ/USDC PERP
MEXC INJ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$270.36
- Price spread: −0.336% → −0.214%
- −$12.21
- Slippage, 4 orders
- −$60.96
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$343.55
- Costs to cover
- 0.610%
- Break-even
- never at this rate
Slippage from Injective: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago | 24.59 bp | 27.2 bp −$27 | 143.5 bp −$1,435 | 78695.8 bp −$7.87M | 433478.9 bp −$216.74M |
| Sell MEXC live order book, 3 min ago | 0.65 bp | 5.3 bp −$5 | 11.8 bp −$118 | 63.7 bp −$6,365 | 132.2 bp −$66.1K |
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 | 7.7090 | −0.375% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7040 | −0.439% | $80K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0029% | 1h | 7.7074 | −0.396% | $17K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7087 | −0.379% | $70K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7100 | −0.362% | $34K | $83K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7165 | −0.278% | $149K | $447K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7233 | −0.190% | $34.1M | $103.1M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.7196 | −0.238% | $21.4M | $32.6M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7200 | −0.233% | $6.1M | $20.7M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7100 | −0.362% | $2.7M | $5.9M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
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 | 7.7080 | −0.388% | $8.6M | $18.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7170 | −0.271% | $14.1M | $11.8M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7018 | −0.468% | $273K | $144K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7080 | −0.388% | $46K | $266K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7109 | −0.350% | $115K | $640K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7100 | −0.362% | $1.6M | $5.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.7160 | −0.284% | — | $21.5M | — | as long as short |
| MEXC INJ_USDTshort | +0.0261% | 8h | 7.7120 | −0.336% | $30.7M | $20.9M | 300x | |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0326% / S −0.0344% | 1h | 7.7044 | −0.434% | $40K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0485% | 1h | 7.7237 | −0.185% | $25.9M | $8.8M | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0503% | 1h | 7.7132 | −0.320% | $6K | $26K | 25x | as long as short |
| Kraken Futures PF_INJUSD | +0.0565% | 1h | 7.7141 | −0.309% | $808K | $3.6M | 50x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0608% | 1h | 7.7370 | −0.013% | $389K | $721K | 50x | as long as short |
| Injective INJ/USDC PERPlong | +0.1548% | 1h | 7.7380 | long leg | $316K | $12.5M | 30x |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Deribit INJ_USDC-PERPETUAL
Kraken Futures PF_INJUSD
Coinbase International INJ-PERP-INTX