Funding you earn now, next payment 08:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.41 per $10,000 · paid last 24h −0.010%
Price spread now: BloFin against MEXC−0.209%64s7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as 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−$280.276% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 4 days (all we have)+0.341%+$34 · spread now −0.209%, 7d avg −0.037%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.172% cheaper against MEXC than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.037%). Swap the legs. The two prices were read 64 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 | MEXC INJ_USDT | 7.6710 | 0.0261 | pay 0.0261% / 8h | 2h 04m | $29.9M | $20.3M | 300x |
| Short | BloFin INJ-USDT | 7.6550 | 0.0220 | get 0.0220% / 8h | 2h 04m | $1.6M | $5.7M | 75x |
MEXC INJ_USDT
BloFin INJ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- −$8.61
- Price spread: −0.209% → −0.037%
- −$17.2
- Slippage, 4 orders
- −$15.57
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$53.38
- Costs to cover
- 0.276%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; BloFin: live order book, 4 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 MEXC live order book, 5 min ago | 0.65 bp | 1.7 bp −$2 | 5.3 bp −$53 | 51.7 bp −$5,169 | 99.9 bp −$50.0K |
| Sell BloFin live order book, 4 min ago | 1.96 bp | 10.9 bp −$11 | 23.5 bp −$235 | 160.4 bp −$16.0K | 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 | +0.018% | $795K | $3.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.6619 | −0.119% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.6626 | −0.109% | $79K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0016% | 1h | 7.6670 | −0.052% | $19K | — | 150x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0024% | 1h | 7.6673 | −0.048% | $7K | $25K | 25x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6655 | −0.072% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6670 | −0.052% | $35K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.6739 | +0.038% | $25.8M | $8.7M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.6661 | −0.064% | $139K | $420K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.6682 | −0.037% | $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 | 7.6670 | −0.052% | $21.1M | $31.7M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.6700 | −0.013% | $6.2M | $19.1M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.6620 | −0.117% | $2.7M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6690 | −0.026% | $8.5M | $18.2M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6640 | −0.091% | $14.0M | $10.4M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6702 | −0.011% | $272K | $150K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.6560 | −0.196% | $46K | $270K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6648 | −0.080% | $114K | $563K | 10x | as long as short |
| BloFin INJ-USDTshort | +0.0220% | 8h | 7.6550 | −0.209% | $1.6M | $5.7M | 75x | |
| BingX INJ-USDT | +0.0248% | 8h | 7.6650 | −0.078% | — | $20.8M | — | as long as short |
| MEXC INJ_USDTlong | +0.0261% | 8h | 7.6710 | long leg | $29.9M | $20.3M | 300x | |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0268% / S −0.0198% | 1h | 7.6660 | −0.065% | $29K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0480% | 1h | 7.6740 | +0.039% | $375K | $660K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1029% | 1h | 7.6880 | +0.222% | $321K | $12.1M | 30x | as long as short |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BingX INJ-USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP