data as of
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Price arb /

INJ

all INJ markets
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Spread before costs (cost unknown: a leg has no order-book sample)+0.047%
7d average+0.047%if it closes, per $10,000$5funding while held, a day+$18.68
Long on Kraken FuturesShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_INJUSD7.90830.0038pay 0.0005% / 1h48m 12s$1.0M$3.1M50x
ShortHyperliquid INJ7.91200.0661get 0.0083% / 1h48m 12s$26.9M$9.5M5x

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
$4.73
Funding while held
$18.68
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$4.41
Spread needed to break even
0.190%
Slippage unknown: Kraken Futures: live order book, 2 min ago; Hyperliquid: live order book, 6 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0623%
Per $10,000 a day
+$18.68
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 Kraken Futures live order book, 2 min ago10.11 bp22.7 bp −$2338.3 bp −$3833268.9 bp −$326.9Kdoesn't fit
Sell Hyperliquid live order book, 6 min ago1.26 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

INJ price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni7.8705cheapestApeX Omni7.8800+0.121%OKX7.8910+0.261%Aevo7.8927+0.283%Reya7.8952+0.314%Extended7.8959+0.323%BingX7.8960+0.324%Orderly7.8960+0.324%Bybit7.8964+0.329%Bitget7.8970+0.337%MEXC7.8980+0.349%Gate7.8990+0.362%Deribit7.8991+0.363%Binance7.9000+0.375%KuCoin7.9000+0.375%dYdX7.9024+0.406%gTrade (Gains Network)7.9030+0.413%GMX7.9036+0.420%Aster7.9046+0.434%
Kraken Futures7.9083+0.480%
Hyperliquid7.9120+0.527%
BloFin7.9160+0.578%Coinbase International7.9270+0.718%Injective7.9290+0.743%

INJ on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni INJ−0.478%−0.0310%8h$269K$177K—as long as short
ApeX Omni INJUSDT−0.357%+0.0100%1h$50K$315K50xas long as short
OKX INJ-USDT-SWAP−0.218%−0.0212%8h$6.6M$26.5M50xas long as short
Aevo INJ-PERP−0.196%−0.0096%1h$71K$13K3xas long as short
Reya INJRUSDPERP−0.165%−0.0200%1h——20xas long as short
Extended INJ-USD−0.156%−0.0096%1h$103K$451K10xas long as short
BingX INJ-USDT−0.155%+0.0100%8h—$23.9M—as long as short
Orderly PERP_INJ_USDC−0.155%+0.0066%8h$33K$80K10xas long as short
Bybit INJUSDT−0.150%−0.0324%8h$22.1M$33.3M50xas long as short
Bitget INJUSDT−0.142%+0.0100%8h$14.5M$12.8M75xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC INJ_USDT−0.130%+0.0051%8h$31.6M$23.7M300xas long as short
Gate INJ_USDT−0.117%−0.0192%8h$2.9M$5.8M50xas long as short
Deribit INJ_USDC-PERPETUAL−0.116%−0.0838%1h$11K$22K25xas long as short
Binance INJUSDT−0.104%−0.0095%8h$35.0M$103.4M75xas long as short
KuCoin INJUSDTM−0.104%+0.0100%8h$10.1M$17.3M50xas long as short
dYdX INJ-USD−0.074%0.0000%1h$93K$13K5xas long as short
gTrade (Gains Network) INJ/USD−0.067%L +0.0006% / S −0.0002%1h$3K—150xas long as short
GMX INJ/USD [WBTC.b-USDC]−0.059%L +0.0311% / S −0.0291%1h$49K—100xas long as short
Aster INJUSDT−0.046%+0.0100%8h$172K$523K20xas long as short
Kraken Futures PF_INJUSDlong0.000%+0.0038%1h$1.0M$3.1M50x
Hyperliquid INJshort+0.047%+0.0661%1h$26.9M$9.5M5x
BloFin INJ-USDT+0.098%+0.0024%8h$1.9M$7.6M75xas long as short
Coinbase International INJ-PERP-INTX+0.237%+0.0344%1h$343K$1.4M50xas long as short
Injective INJ/USDC PERP+0.262%+0.1092%1h$322K$12.2M30xas long as short