Funding you earn now, next payment 10:00 UTC+0.0628%/8h= +68.8% APRpaid last 24h +0.160%
Price spread now: Coinbase International against OKX+0.494%7-day average +0.168% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$870.868% of the position
Funding, last 7 days+0.181%+$18 on $10k
+Price spread, last 4 days (all we have)−0.339%−$34 · spread now +0.494%, 7d avg +0.168%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Coinbase International is 0.326% dearer against OKX than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.168%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.181% in total (about 9.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX INJ-USDT-SWAP | 7.6860 | 0.0100 | pay 0.0100% / 8h | 5h 06m | $5.8M | $20.5M | 50x |
| Short | Coinbase International INJ-PERP-INTX | 7.7240 | 0.0728 | get 0.0091% / 1h | 6m 38s | $389K | $644K | 50x |
OKX INJ-USDT-SWAP
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against OKX. 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
- $131.88
- Price spread: +0.494% → +0.168%
- $32.59
- Slippage, 4 orders
- −$66.84
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $77.63
- Costs to cover
- 0.868%
- Break-even
- 2.9 days
Slippage from OKX: live order book, 5 min ago; Coinbase International: live order book, 40 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 OKX live order book, 5 min ago | 0.65 bp | 11.5 bp −$11 | 30.0 bp −$300 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 40 min ago | 9.77 bp | 24.1 bp −$24 | 50.4 bp −$504 | doesn't fit | doesn't fit |
INJ on 24 exchanges
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 | 7.7045 | +0.240% | — | — | 20x | as long as short |
| dYdX INJ-USD | +0.0005% | 1h | 7.7000 | +0.182% | $79K | $14K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0008% / S −0.0024% | 1h | 7.7084 | +0.291% | $18K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6977 | +0.152% | $70K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7000 | +0.182% | $34K | $72K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.6959 | +0.129% | $145K | $284K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.6941 | +0.105% | $34.1M | $94.8M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.6860 | 0.000% | $20.9M | $29.3M | 50x | as long as short |
| OKX INJ-USDT-SWAPlong | +0.0100% | 8h | 7.6860 | long leg | $5.8M | $20.5M | 50x | |
| Gate INJ_USDT | +0.0100% | 8h | 7.6930 | +0.091% | $2.7M | $5.4M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
Gate INJ_USDTShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6940 | +0.104% | $8.5M | $17.7M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6910 | +0.065% | $14.2M | $10.8M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6996 | +0.177% | $276K | $106K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7060 | +0.260% | $46K | $263K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6953 | +0.121% | $115K | $650K | 10x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0127% | 1h | 7.7011 | +0.196% | $5K | $10K | 25x | as long as short |
| Hyperliquid INJ | +0.0136% | 1h | 7.7079 | +0.285% | $25.9M | $7.8M | 5x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7040 | +0.234% | $1.6M | $5.2M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.6950 | +0.117% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.6960 | +0.130% | $30.1M | $20.5M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0428% / S −0.0611% | 1h | 7.6975 | +0.150% | $60K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTXshort | +0.0728% | 1h | 7.7240 | +0.494% | $389K | $644K | 50x | |
| Kraken Futures PF_INJUSD | +0.1024% | 1h | 7.7040 | +0.235% | $885K | $3.4M | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1301% | 1h | 7.7390 | +0.690% | $317K | $15.3M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
Deribit INJ_USDC-PERPETUAL
Hyperliquid INJ
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Kraken Futures PF_INJUSD
Injective INJ/USDC PERP