INJ funding rates

INJ perpetual funding across 10 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 02:32 UTC · refreshed every 5 min

Best pair · 7d: 21.8%long Variational, short MEXC · net 20.7%
Highest funding now: 29.0%MEXCCEX
Lowest funding now: −0.1%BybitCEX
Listed on: 10 venues

Funding by venue

													Open
MEXCCEX	INJ_USDT	29.0%	26.0%	21.9%	22.3%	21.2%	95%	8h	08:00	7.84	$29.9M	$30.8M	MxMEXC
Hyperliquid	INJ	10.9%	10.9%	6.2%	9.4%	5.4%	85%	1h	—	7.83	$10.0M	$9.1M	HyHyperliquid
Aster	INJUSDT	10.9%	10.9%	10.9%	10.9%	10.9%	100%	8h	08:00	7.82	$369k	$351k	AsAster
BitgetCEX	INJUSDT	10.9%	10.9%	10.9%	9.7%	10.9%	100%	8h	08:00	7.83	$14.4M	$5.3M	BgBitget
Extended	INJ-USD	10.5%	9.3%	4.4%	5.4%	3.5%	75%	1h	03:00	7.82	$44k	$111k	ExExtended
BinanceCEX	INJUSDT	10.4%	9.2%	4.9%	5.9%	4.2%	71%	8h	08:00	7.83	$27.1M	$77.7M	BnBinance
RWA Perp	PERP_INJ_USDC	10.1%	10.6%	8.3%	6.6%	7.9%	95%	8h	08:00	7.82	$29k	$606k	RwRWA Perp
GateCEX	INJ_USDT	9.2%	5.8%	5.8%	2.8%	5.8%	78%	8h	08:00	7.83	$24.8M	$3.8M	GtGate
Variational	INJ	8.3%	9.4%	0.1%	1.8%	−1.4%	64%	8h	—	7.79	$281k	$1.0M	VaVariational
BybitCEX	INJUSDT	−0.1%	9.9%	3.1%	5.1%	2.0%	71%	8h	08:00	7.83	$19.5M	$24.8M	ByBybit

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
											Flags	Open	Calc
		Spread APR				After taker fees			Quality
Variational	MEXCCEX	20.7%	16.6%	21.8%	20.4%	20.7%	31.1%	0.7d	steady	$281k	spread not incl.	Va Mx	calc
BybitCEX	MEXCCEX	29.2%	16.1%	18.8%	17.2%	14.9%	22.4%	2.9d	steady	$19.5M		By Mx	calc
BinanceCEX	MEXCCEX	18.7%	16.9%	17.0%	16.3%	13.4%	20.0%	3.0d	steady	$27.1M		Bn Mx	calc
Hyperliquid	MEXCCEX	18.1%	15.1%	15.7%	12.9%	12.3%	18.4%	3.0d	steady	$10.0M	1h/8h	Hy Mx	calc
GateCEX	MEXCCEX	19.8%	20.3%	16.1%	19.5%	11.1%	16.7%	4.3d	steady	$24.8M		Gt Mx	calc
Variational	Aster	2.6%	1.5%	10.8%	9.1%	8.7%	13.1%	2.7d	steady	$281k	spread not incl.	Va As	calc
Aster	MEXCCEX	18.1%	15.1%	11.0%	11.3%	7.8%	11.8%	4.0d	steady	$369k		As Mx	calc
Variational	BitgetCEX	2.6%	1.5%	10.8%	7.9%	7.7%	11.5%	4.1d	steady	$281k	spread not incl.	Va Bg	calc
Extended	MEXCCEX	18.5%	16.7%	17.6%	16.9%	15.2%	22.8%	1.9d	steady	$44k	low OI1h/8h	Ex Mx	calc
BitgetCEX	MEXCCEX	18.1%	15.1%	11.0%	12.5%	6.8%	10.2%	5.3d	steady	$14.4M		Bg Mx	calc
Variational	Hyperliquid	2.6%	1.5%	6.1%	7.5%	3.7%	5.6%	5.4d	steady	$281k	8h/1hspread not incl.	Va Hy	calc
BybitCEX	Aster	11.1%	1.0%	7.9%	5.9%	2.9%	4.3%	8.8d	steady	$369k		By As	calc
Variational	BinanceCEX	2.0%	−0.3%	4.8%	4.2%	2.1%	3.2%	7.7d	cooling	$281k	spread not incl.	Va Bn	calc
BybitCEX	BitgetCEX	11.1%	1.0%	7.9%	4.7%	1.9%	2.8%	11d	steady	$14.4M		By Bg	calc
Variational	GateCEX	0.9%	−3.6%	5.7%	1.0%	1.8%	2.7%	9.6d	cooling	$281k	spread not incl.	Va Gt	calc
Variational	Extended	2.2%	−0.1%	4.2%	3.5%	2.9%	4.4%	4.3d	weak	$44k	low OI8h/1hspread not incl.	Va Ex	calc
BinanceCEX	Aster	0.6%	1.8%	6.0%	5.0%	1.4%	2.0%	11d	steady	$369k		Bn As	calc
Extended	Aster	0.4%	1.6%	6.6%	5.6%	3.2%	4.8%	7.2d	steady	$44k	low OI1h/8h	Ex As	calc
Extended	BitgetCEX	0.4%	1.6%	6.6%	4.3%	2.2%	3.3%	9.4d	steady	$44k	low OI1h/8h	Ex Bg	calc
BinanceCEX	BitgetCEX	0.6%	1.8%	6.0%	3.4%	0.3%	0.5%	13d	steady	$14.4M		Bn Bg	calc
Hyperliquid	Aster	0.0%	0.0%	4.7%	1.6%	0.3%	0.4%	13d	cooling	$369k	1h/8h	Hy As	calc
Variational	BybitCEX	−8.5%	0.5%	3.0%	3.2%	0.1%	0.1%	14d	weak	$281k	spread not incl.	Va By	calc
Hyperliquid	BitgetCEX	0.0%	0.0%	4.7%	0.4%	−0.8%	−1.1%	16d	cooling	$10.0M	1h/8h	Hy Bg	calc
GateCEX	Aster	1.8%	5.2%	5.1%	8.1%	−0.9%	−1.3%	16d	steady	$369k		Gt As	calc
GateCEX	BitgetCEX	1.8%	5.2%	5.1%	6.9%	−1.9%	−2.9%	19d	steady	$14.4M		Gt Bg	calc
BybitCEX	Hyperliquid	11.1%	1.0%	3.1%	4.3%	−2.1%	−3.1%	23d	weak	$10.0M	8h/1h	By Hy	calc
BinanceCEX	Hyperliquid	0.6%	1.8%	1.3%	8.4%	−3.6%	−5.4%	52d	weak	$10.0M	8h/1h	Bn Hy	calc
BybitCEX	BinanceCEX	10.5%	−0.8%	1.8%	0.5%	−3.7%	−5.5%	43d	weak	$19.5M		By Bn	calc
BybitCEX	GateCEX	9.3%	−4.1%	2.7%	−2.3%	−4.0%	−6.1%	35d	weak	$19.5M		By Gt	calc
BinanceCEX	GateCEX	−1.2%	−3.4%	0.9%	0.4%	−5.6%	−8.4%	98d	weak	$24.8M		Bn Gt	calc
BybitCEX	Extended	10.7%	−0.6%	1.3%	0.3%	−2.9%	−4.4%	47d	weak	$44k	low OI8h/1h	By Ex	calc
GateCEX	Hyperliquid	1.8%	5.2%	0.4%	6.5%	−5.9%	−8.8%	220d	weak	$10.0M	8h/1h	Gt Hy	calc
Extended	Hyperliquid	0.4%	1.6%	1.9%	4.0%	−1.8%	−2.7%	27d	mixed	$44k	low OI	Ex Hy	calc
BinanceCEX	Extended	0.2%	0.2%	−0.6%	−0.7%	−4.5%	−6.7%	—	weak	$44k	low OI8h/1h	Bn Ex	calc
BybitCEX	Variational	8.5%	−0.5%	−3.0%	−3.2%	−5.8%	−8.7%	—	mixed	$281k	spread not incl.	By Va	calc
Extended	BinanceCEX	−0.2%	−0.2%	0.6%	0.7%	−3.4%	−5.0%	100d	mixed	$44k	low OI1h/8h	Ex Bn	calc
GateCEX	BinanceCEX	1.2%	3.4%	−0.9%	−0.4%	−7.4%	−11.2%	—	mixed	$24.8M		Gt Bn	calc
Extended	GateCEX	−1.3%	−3.5%	1.5%	−2.6%	−3.7%	−5.6%	49d	mixed	$44k	low OI1h/8h	Ex Gt	calc
GateCEX	Extended	1.3%	3.5%	−1.5%	2.6%	−6.7%	−10.0%	—	mixed	$44k	low OI8h/1h	Gt Ex	calc

What the columns and badges mean

now: Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h: Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d: Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d: Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend: Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR: 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital: Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven: Days of 7d-average funding needed to pay back open+close taker fees.
Min OI: Smaller open interest of the two legs, USD.
steady: Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike: The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed: The spread was negative too often: not negative in only X% of hours over 7 days.
new: Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak: Prior-week spread under 5% APR: too small to call steady.
cooling: The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?: Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale: At least one leg has not updated for over 30 minutes.
low OI: Open interest under $50k on at least one leg — size carefully.
8h/1h: Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi: Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only: Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.: A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX: Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 02:32 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

Indicative (mark or mid prices): buy on Variational at 7.78736, sell on MEXC at 7.837: 0.635% before fees, 0.595% after taker fees.

INJ: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	MEXC7.837	Hyperliquid7.8304	Binance7.83028	Bitget7.83	Bybit7.827	Gate7.826	Aster7.82281	RWA Perp7.817	Extended7.81673	Variational7.78736
Variational7.78736	0.635%	0.551%	0.550%	0.546%	0.508%	0.495%	0.454%	0.380%	0.376%	—
Extended7.81673	0.259%	0.175%	0.173%	0.170%	0.131%	0.119%	0.078%	0.004%	—	−0.376%
RWA Perp7.817	0.256%	0.171%	0.170%	0.166%	0.128%	0.115%	0.074%	—	−0.004%	−0.380%
Aster7.82281	0.181%	0.097%	0.095%	0.092%	0.053%	0.041%	—	−0.074%	−0.078%	−0.454%
Gate7.826	0.140%	0.056%	0.055%	0.051%	0.013%	—	−0.041%	−0.115%	−0.119%	−0.495%
Bybit7.827	0.128%	0.043%	0.042%	0.038%	—	−0.013%	−0.053%	−0.128%	−0.131%	−0.508%
Bitget7.83	0.089%	0.005%	0.004%	—	−0.038%	−0.051%	−0.092%	−0.166%	−0.170%	−0.546%
Binance7.83028	0.086%	0.001%	—	−0.004%	−0.042%	−0.055%	−0.095%	−0.170%	−0.173%	−0.550%
Hyperliquid7.8304	0.084%	—	−0.001%	−0.005%	−0.043%	−0.056%	−0.097%	−0.171%	−0.175%	−0.551%
MEXC7.837	—	−0.084%	−0.086%	−0.089%	−0.128%	−0.140%	−0.181%	−0.256%	−0.259%	−0.635%

All quotes (10)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
Aster	7.82281	7.82281	mark	4m	$351k	no FX
BinanceCEX	7.83028	7.83028	mark	3m	$77.7M	no FX
BitgetCEX	7.83	7.83	mark	3m	$5.3M	no FX
BybitCEX	7.827	7.827	mark	3m	$24.8M	no FX
Extended	7.81673	7.81673	mark	4m	$111k
GateCEX	7.826	7.826	mark	3m	$3.8M	no FX
Hyperliquid	7.8304	7.8304	mark	4m	$9.1M
MEXCCEX	7.837	7.837	mark	2m	$30.8M	no FX
RWA Perp	7.817	7.817	mark	4m	$606k
Variational	7.78736	7.78736	mark	4m	$1.0M

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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