Funding you earn now, next payment 06:00 UTC+0.0929%/8h= +101.7% APRpaid last 24h +0.353%
Price spread now: Injective against KuCoin+0.248%70s7-day average +0.237% · you sell dearer than you buy
Net, funding: paid 7d − costs+$99as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$780.781% of the position
Funding, last 7 days+1.769%+$177 on $10k
+Price spread, last 4 days (all we have)+0.164%+$16 · spread now +0.248%, 7d avg +0.237%
=The price spread sits at its 7-day average of +0.237%, so right now this pair is about funding alone: +$28 a day on $10k at the current rate. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin INJUSDTM | 7.6690 | 0.0100 | pay 0.0100% / 8h | 2h 03m | $8.5M | $18.2M | 50x |
| Short | Injective INJ/USDC PERP | 7.6880 | 0.1029 | get 0.0129% / 1h | 3m 57s | $321K | $12.1M | 30x |
KuCoin INJUSDTM
Injective INJ/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $195.04
- Price spread: +0.248% → +0.237%
- $1.07
- Slippage, 4 orders
- −$66.08
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $118.01
- Costs to cover
- 0.781%
- Break-even
- 2.8 days
Slippage from KuCoin: live order book, 5 min ago; Injective: live order book, 5 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, 5 min ago | 2.62 bp | 28.5 bp −$29 | 55.5 bp −$555 | doesn't fit | doesn't fit |
| Sell Injective live order book, 5 min ago | 13.73 bp | 13.7 bp −$14 | 33.1 bp −$331 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INJUSD | −0.0211% | 1h | 7.6724 | +0.045% | $795K | $3.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.6619 | −0.092% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.6626 | −0.083% | $79K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0016% | 1h | 7.6670 | −0.026% | $19K | — | 150x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0024% | 1h | 7.6673 | −0.022% | $7K | $25K | 25x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6655 | −0.046% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6670 | −0.026% | $35K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.6780 | +0.117% | $25.8M | $8.7M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.6675 | −0.020% | $139K | $420K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.6702 | +0.015% | $33.8M | $97.8M | 75x | as long as short |
Kraken Futures PF_INJUSD
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Deribit INJ_USDC-PERPETUAL
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Hyperliquid INJ
Aster INJUSDT
Binance INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | +0.0100% | 8h | 7.6680 | −0.013% | $21.1M | $31.7M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.6720 | +0.039% | $6.2M | $19.1M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.6670 | −0.026% | $2.7M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTMlong | +0.0100% | 8h | 7.6690 | long leg | $8.5M | $18.2M | 50x | |
| Bitget INJUSDT | +0.0100% | 8h | 7.6660 | −0.039% | $14.0M | $10.4M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6702 | +0.015% | $272K | $150K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.6560 | −0.170% | $46K | $270K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6648 | −0.054% | $114K | $563K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.6550 | −0.183% | $1.6M | $5.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.6680 | −0.013% | — | $20.8M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.6710 | +0.026% | $29.9M | $20.3M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0268% / S −0.0198% | 1h | 7.6660 | −0.039% | $29K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0480% | 1h | 7.6740 | +0.065% | $375K | $660K | 50x | as long as short |
| Injective INJ/USDC PERPshort | +0.1029% | 1h | 7.6880 | +0.248% | $321K | $12.1M | 30x |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX