Settings8H · net · $10k
Funding arb · Price arb /

INJ

all INJ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.116%
Price spread now: Hyperliquid against KuCoin+0.104%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$560.556% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.170%+$17 on $10k
Price spread, last 7 days−0.089%−$9 · spread now +0.104%, 7d avg +0.078%
Together, before fees+0.081%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.027% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.078%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin INJUSDTM7.56200.0100pay 0.0100% / 8h4h 20m$9.4M$17.4M50x
ShortHyperliquid INJ7.56990.0100get 0.0013% / 1h20m 38s$25.6M$8.9M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.104% → +0.078%
$2.69
Slippage, 4 orders
−$34.59
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$52.9
Costs to cover
0.556%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; Hyperliquid: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 3 min ago2.65 bp15.3 bp −$1553.7 bp −$537doesn't fitdoesn't fit
Sell Hyperliquid live order book, 2 min ago0.13 bp9.8 bp −$10doesn't fitdoesn't fitdoesn't fit

INJ on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya INJRUSDPERP−0.0200%1h7.5632+0.016%20xas long as short
dYdX INJ-USD0.0000%1h7.5656+0.048%$78K$17K5xas long as short
Deribit INJ_USDC-PERPETUAL0.0000%1h7.5660+0.053%$6K$24K25xas long as short
gTrade (Gains Network) INJ/USDL +0.0006% / S −0.0002%1h7.5670+0.067%$3K150xas long as short
Aevo INJ-PERP+0.0096%1h7.5617−0.004%$68K3xas long as short
Hyperliquid INJshort+0.0100%1h7.5699+0.104%$25.6M$8.9M5x
Aster INJUSDT+0.0100%8h7.5649+0.039%$139K$422K20xas long as short
Binance INJUSDT+0.0100%8h7.5560−0.079%$33.3M$96.8M75xas long as short
Bybit INJUSDT+0.0100%8h7.5549−0.094%$21.0M$32.1M50xas long as short
OKX INJ-USDT-SWAP+0.0100%8h7.5560−0.079%$6.1M$19.2M50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate INJ_USDT+0.0100%8h7.5600−0.026%$2.7M$5.3M50xas long as short
KuCoin INJUSDTMlong+0.0100%8h7.5620long leg$9.4M$17.4M50x
Bitget INJUSDT+0.0100%8h7.5560−0.079%$13.9M$10.6M75xas long as short
Variational Omni INJ+0.0100%8h7.5621+0.001%$266K$151Kas long as short
ApeX Omni INJUSDT+0.0100%1h7.56200.000%$45K$271K50xas long as short
Orderly PERP_INJ_USDC+0.0100%8h7.5640+0.026%$34K$94K10xas long as short
Extended INJ-USD+0.0104%1h7.5593−0.036%$112K$366K10xas long as short
BloFin INJ-USDT+0.0220%8h7.56200.000%$1.7M$5.9M75xas long as short
GMX INJ/USD [WBTC.b-USDC]L +0.0267% / S −0.0198%1h7.5655+0.046%$29K100xas long as short
BingX INJ-USDT+0.0271%8h7.56200.000%$21.2Mas long as short
MEXC INJ_USDT+0.0285%8h7.56200.000%$29.9M$21.3M300xas long as short
Kraken Futures PF_INJUSD+0.0325%1h7.5635+0.019%$817K$3.4M50xas long as short
Coinbase International INJ-PERP-INTX+0.0688%1h7.5820+0.264%$373K$605K50xas long as short
Injective INJ/USDC PERP+0.1333%1h7.5930+0.410%$317K$12.1M30xas long as short