Funding arb · Price arb /

INJ

all INJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0296%/8h= +32.4% APRnext payment +$0.37 per $10,000 · paid last 24h —

Price spread now: Aevo against Reya−0.022%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.022% cheaper against Reya than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya INJRUSDPERP	7.6893	−0.0200	get 0.0025% / 1h	1m 39s	—	—	20x
Short	Aevo INJ-PERP	7.6876	0.0096	get 0.0012% / 1h	1m 39s	$69K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Reya. 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

Position, each leg$Hold fordaysFee ReyabpFee AevobpOrdersPrice spread, now −0.022%Rate

Funding earned: $62.1
Price spread: −0.022% → 0.000%: −$2.18
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: $37.92
Costs to cover: 0.220%
Break-even: 2.7 days

Slippage unknown: Reya: no order-book sample; Aevo: 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 Reya no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Reya and Aevo: 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
Kraken Futures PF_INJUSD	−0.0210%	1h	7.6917	+0.031%	$796K	$3.5M	50x	as long as short
Reya INJRUSDPERPlong	−0.0200%	1h	7.6893	long leg	—	—	20x
dYdX INJ-USD	0.0000%	1h	7.6900	+0.009%	$80K	$17K	5x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0007% / S −0.0016%	1h	7.6896	+0.004%	$19K	—	150x	as long as short
Aevo INJ-PERPshort	+0.0096%	1h	7.6876	−0.022%	$69K	—	3x
Orderly PERP_INJ_USDC	+0.0100%	8h	7.6880	−0.017%	$35K	$94K	10x	as long as short
Hyperliquid INJ	+0.0100%	1h	7.7004	+0.144%	$25.9M	$8.7M	5x	as long as short
Aster INJUSDT	+0.0100%	8h	7.6901	+0.011%	$139K	$420K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.6910	+0.022%	$33.9M	$97.7M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.6840	−0.069%	$21.2M	$31.7M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX INJ-USDT-SWAP	+0.0100%	8h	7.6840	−0.069%	$6.2M	$19.2M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.6900	+0.009%	$2.7M	$5.3M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.6860	−0.043%	$8.6M	$18.2M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.6900	+0.009%	$14.1M	$10.4M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.6702	−0.249%	$272K	$150K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.6640	−0.329%	$46K	$270K	50x	as long as short
Extended INJ-USD	+0.0104%	1h	7.6941	+0.062%	$114K	$563K	10x	as long as short
Deribit INJ_USDC-PERPETUAL	+0.0205%	1h	7.6903	+0.013%	$7K	$25K	25x	as long as short
BloFin INJ-USDT	+0.0220%	8h	7.6810	−0.108%	$1.6M	$5.7M	75x	as long as short
BingX INJ-USDT	+0.0248%	8h	7.6940	+0.061%	—	$20.8M	—	as long as short
MEXC INJ_USDT	+0.0261%	8h	7.6870	−0.030%	$30.0M	$20.3M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0268% / S −0.0198%	1h	7.6892	−0.002%	$29K	—	100x	as long as short
Coinbase International INJ-PERP-INTX	+0.0480%	1h	7.7050	+0.204%	$376K	$662K	50x	as long as short
Injective INJ/USDC PERP	+0.1029%	1h	7.6880	−0.017%	$321K	$12.1M	30x	as long as short