Funding arb · Price arb /

INJ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h —

Price spread now: Reya against KuCoin+0.037%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.037% dearer against KuCoin than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin INJUSDTM	7.5790	0.0100	pay 0.0100% / 8h	4h 05m	$9.4M	$17.6M	50x
Short	Reya INJRUSDPERP	7.5818	−0.0200	pay 0.0025% / 1h	5m 50s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee ReyabpOrdersPrice spread, now +0.037%Rate

Funding earned: −$62.94
Price spread: +0.037% → 0.000%: $3.65
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$77.28
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 min ago; Reya: no order-book sample. Net counts fees only.

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, 3 min ago	3.30 bp	28.7 bp −$29	58.9 bp −$589	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 INJRUSDPERPshort	−0.0200%	1h	7.5818	+0.037%	—	—	20x
dYdX INJ-USD	0.0000%	1h	7.5881	+0.120%	$79K	$17K	5x	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.5870	+0.106%	$6K	$24K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.5880	+0.119%	$3K	—	150x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.5832	+0.055%	$69K	—	3x	as long as short
Hyperliquid INJ	+0.0100%	1h	7.5890	+0.132%	$25.7M	$8.9M	5x	as long as short
Aster INJUSDT	+0.0100%	8h	7.5852	+0.081%	$140K	$421K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.5801	+0.015%	$33.3M	$97.2M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.5782	−0.011%	$21.1M	$32.2M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.5770	−0.026%	$6.1M	$19.3M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate INJ_USDT	+0.0100%	8h	7.5780	−0.013%	$2.7M	$5.3M	50x	as long as short
KuCoin INJUSDTMlong	+0.0100%	8h	7.5790	long leg	$9.4M	$17.6M	50x
Bitget INJUSDT	+0.0100%	8h	7.5810	+0.026%	$13.9M	$10.6M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.5832	+0.055%	$266K	$151K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.5820	+0.040%	$46K	$271K	50x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.5840	+0.066%	$34K	$94K	10x	as long as short
Extended INJ-USD	+0.0104%	1h	7.5799	+0.012%	$113K	$364K	10x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.5860	+0.092%	$1.6M	$5.9M	75x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0267% / S −0.0198%	1h	7.5875	+0.112%	$29K	—	100x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.5820	+0.040%	—	$21.3M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.5810	+0.026%	$30.0M	$21.4M	300x	as long as short
Kraken Futures PF_INJUSD	+0.0324%	1h	7.5866	+0.100%	$804K	$3.5M	50x	as long as short
Coinbase International INJ-PERP-INTX	+0.0688%	1h	7.5880	+0.119%	$372K	$607K	50x	as long as short
Injective INJ/USDC PERP	+0.1333%	1h	7.6120	+0.435%	$317K	$12.1M	30x	as long as short