data as of
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Price arb /

INJ

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Spread before costs (cost unknown: a leg has no order-book sample)+1.030%
7d average+0.125%if it closes, per $10,000$103funding while held, a day+$39.23
Long on Variational OmniShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni INJ7.9323−0.0309get 0.0309% / 8h1h 58m$272K$177K—
ShortHyperliquid INJ8.01400.0999get 0.0125% / 1h58m 28s$27.5M$9.4M5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$102.97
Funding while held
$39.23
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$133.21
Spread needed to break even
0.090%
Slippage unknown: Variational Omni: RFQ quote, 62 min ago; Hyperliquid: live order book, 6 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.1308%
Per $10,000 a day
+$39.23
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 62 min ago3.34 bpdoesn't fit44.3 bp −$443doesn't fitdoesn't fit
Sell Hyperliquid live order book, 6 min ago0.94 bp9.7 bp −$10doesn't fitdoesn't fitdoesn't fit

INJ price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni7.9323cheapest
ApeX Omni7.9580+0.324%GMX7.9884+0.707%gTrade (Gains Network)7.9900+0.727%Orderly7.9900+0.727%Aevo7.9903+0.731%Aster7.9915+0.747%Coinbase International7.9920+0.752%BloFin7.9920+0.752%Reya7.9924+0.757%Deribit7.9927+0.761%OKX7.9930+0.765%Bybit7.9950+0.790%Bitget7.9960+0.803%KuCoin7.9970+0.815%Kraken Futures7.9998+0.851%Injective8.0020+0.878%Extended8.0027+0.887%BingX8.0040+0.904%dYdX8.0048+0.914%Binance8.0050+0.916%Gate8.0050+0.916%MEXC8.0070+0.941%
Hyperliquid8.0140+1.030%

INJ on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni INJlong0.000%−0.0309%8h$272K$177K—
ApeX Omni INJUSDT+0.324%−0.0095%1h$52K$315K50xas long as short
GMX INJ/USD [WBTC.b-USDC]+0.707%L +0.0312% / S −0.0291%1h$50K—100xas long as short
gTrade (Gains Network) INJ/USD+0.727%L +0.0006% / S −0.0002%1h$3K—150xas long as short
Orderly PERP_INJ_USDC+0.727%+0.0066%8h$33K$80K10xas long as short
Aevo INJ-PERP+0.731%−0.0096%1h$72K$13K3xas long as short
Aster INJUSDT+0.747%+0.0100%8h$172K$518K20xas long as short
Coinbase International INJ-PERP-INTX+0.752%+0.0344%1h$344K$1.4M50xas long as short
BloFin INJ-USDT+0.752%+0.0021%8h$1.9M$7.6M75xas long as short
Reya INJRUSDPERP+0.757%−0.0200%1h——20xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Deribit INJ_USDC-PERPETUAL+0.761%0.0000%1h$9K$20K25xas long as short
OKX INJ-USDT-SWAP+0.765%−0.0213%8h$6.6M$26.6M50xas long as short
Bybit INJUSDT+0.790%−0.0327%8h$22.4M$32.9M50xas long as short
Bitget INJUSDT+0.803%+0.0100%8h$14.6M$12.5M75xas long as short
KuCoin INJUSDTM+0.815%+0.0100%8h$10.2M$17.3M50xas long as short
Kraken Futures PF_INJUSD+0.851%+0.0038%1h$1.0M$3.1M50xas long as short
Injective INJ/USDC PERP+0.878%+0.1092%1h$325K$12.2M30xas long as short
Extended INJ-USD+0.887%−0.0096%1h$104K$498K10xas long as short
BingX INJ-USDT+0.904%+0.0100%8h—$23.7M—as long as short
dYdX INJ-USD+0.914%0.0000%1h$94K$13K5xas long as short
Binance INJUSDT+0.916%−0.0097%8h$35.7M$101.7M75xas long as short
Gate INJ_USDT+0.916%−0.0199%8h$2.9M$5.6M50xas long as short
MEXC INJ_USDT+0.941%+0.0049%8h$32.6M$23.3M300xas long as short
Hyperliquid INJshort+1.030%+0.0999%1h$27.5M$9.4M5x