Funding you earn now, next payment 23:00 UTC+0.0532%/8h= +58.3% APRpaid last 24h +0.097%
Price spread now: Coinbase International against KuCoin+0.216%7-day average +0.144% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$820.820% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 3 days (all we have)−0.163%−$16 · spread now +0.216%, 7d avg +0.144%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Coinbase International is 0.072% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.144%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.064% in total (about 3.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin INJUSDTM | 7.8710 | 0.0100 | pay 0.0100% / 8h | 39m 15s | $9.5M | $16.5M | 50x |
| Short | Coinbase International INJ-PERP-INTX | 7.8880 | 0.0632 | get 0.0079% / 1h | 39m 15s | $386K | $722K | 50x |
KuCoin INJUSDTM
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against KuCoin. 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
- $111.72
- Price spread: +0.216% → +0.144%
- $7.18
- Slippage, 4 orders
- −$60.01
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $36.88
- Costs to cover
- 0.820%
- Break-even
- 4.7 days
Slippage from KuCoin: live order book, 4 min ago; Coinbase International: live order book, 39 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 KuCoin live order book, 4 min ago | 4.43 bp | 21.2 bp −$21 | 57.0 bp −$570 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 39 min ago | 10.24 bp | 22.9 bp −$23 | 50.2 bp −$502 | doesn't fit | 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 | 7.8693 | −0.022% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8732 | +0.027% | $91K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8720 | +0.013% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8727 | +0.021% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8685 | −0.032% | $71K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0099% | 8h | 7.8710 | 0.000% | $37K | $65K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8759 | +0.062% | $158K | $449K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8710 | 0.000% | $35.9M | $95.0M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8632 | −0.099% | $22.2M | $32.3M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8670 | −0.051% | $6.4M | $20.3M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate INJ_USDT | +0.0100% | 8h | 7.8680 | −0.038% | $2.8M | $5.0M | 50x | as long as short |
| KuCoin INJUSDTMlong | +0.0100% | 8h | 7.8710 | long leg | $9.5M | $16.5M | 50x | |
| Bitget INJUSDT | +0.0100% | 8h | 7.8710 | 0.000% | $14.5M | $10.7M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8795 | +0.108% | $281K | $160K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8920 | +0.267% | $48K | $348K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8726 | +0.020% | $120K | $460K | 10x | as long as short |
| Kraken Futures PF_INJUSD | +0.0203% | 1h | 7.8756 | +0.058% | $906K | $3.1M | 50x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8740 | +0.038% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8720 | +0.013% | — | $21.6M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8700 | −0.013% | $31.9M | $22.7M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0356% / S −0.0418% | 1h | 7.8698 | −0.015% | $47K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0563% | 1h | 7.8801 | +0.116% | $26.6M | $9.6M | 5x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0632% | 1h | 7.8880 | +0.216% | $386K | $722K | 50x | |
| Injective INJ/USDC PERP | +0.1298% | 1h | 7.9180 | +0.597% | $324K | $12.1M | 30x | as long as short |
Gate INJ_USDT
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
Kraken Futures PF_INJUSD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Injective INJ/USDC PERP