ArbiLayer

INJ arbitrage

live

Live Injective price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.12%OKX → Binance · Perp–Perp
Best perp–perp spread+0.04%OKX → Binance
Markets tracked1710 venues · 10 perp · 7 spot · 0 DEX
Price range0.15%$8.09 – $8.10

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
OKX logoOKX$8.09Binance logoBinance$8.09 +0.04%-0.12% +0.03%— -0.017%— LS Chart →
OKX logoOKX$8.09Hyperliquid logoHyperliquid$8.09 +0.03%-0.13% +0.03%— +0.012%— LS Chart →
OKX logoOKX$8.09Bybit logoBybit$8.09 +0.02%-0.14% +0.03%— +0.002%— LS Chart →
Bitget logoBitget$8.09Binance logoBinance$8.09 +0.02%-0.14% +0.01%— -0.030%— LS Chart →
Bitget logoBitget$8.09Hyperliquid logoHyperliquid$8.09 +0.02%-0.14% +0.01%— 0.000%— LS Chart →
OKX logoOKX$8.09MEXC logoMEXC$8.09 +0.01%-0.15% +0.02%— +0.029%— LS Chart →
OKX logoOKX$8.09Gate logoGate$8.09 +0.01%-0.15% +0.00%— -0.034%— LS Chart →
Bitget logoBitget$8.09Bybit logoBybit$8.09 +0.01%-0.15% +0.01%— -0.010%— LS Chart →
MEXC logoMEXC$8.09Binance logoBinance$8.09 +0.01%-0.15% -0.00%— -0.046%— LS Chart →
Gate logoGate$8.09Binance logoBinance$8.09 +0.01%-0.15% +0.02%— +0.017%— LS Chart →
KuCoin logoKuCoin$8.09Binance logoBinance$8.09 +0.01%-0.15% +0.00%— -0.030%— LS Chart →
Variational logoVariational$8.09Binance logoBinance$8.09 +0.01%-0.15% +0.01%— -0.007%— LS Chart →
MEXC logoMEXC$8.09Hyperliquid logoHyperliquid$8.09 +0.01%-0.15% -0.01%— -0.016%— LS Chart →
Gate logoGate$8.09Hyperliquid logoHyperliquid$8.09 +0.01%-0.15% +0.01%— +0.046%— LS Chart →
KuCoin logoKuCoin$8.09Hyperliquid logoHyperliquid$8.09 +0.01%-0.15% -0.00%— 0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

INJ price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
MEXC logoMEXCPerpetual · INJ_USDTPerpetual $8.09$8.09$8.09-0.02% +0.046%$28.75M
KuCoin logoKuCoinPerpetual · INJUSDTMPerpetual $8.09$8.09$8.09-0.04% +0.030%$25.65M
Bybit logoBybitPerpetual · INJUSDTPerpetual $8.09$8.09$8.09-0.01% +0.020%$20.15M
OKX logoOKXPerpetual · INJ-USDT-SWAPPerpetual $8.09$8.09$8.09-0.05% +0.018%$18.58M
Bitget logoBitgetPerpetual · INJUSDTPerpetual $8.09$8.09$8.09-0.04% +0.030%$12.34M
Gate logoGatePerpetual · INJ_USDTPerpetual $8.09$8.09$8.09-0.02% -0.017%$6.30M
Hyperliquid logoHyperliquidPerpetual · INJPerpetual $8.09$8.10$8.10+0.03% +0.030%$4.55M
KuCoin logoKuCoinSpot · INJ-USDTSpot $8.10$8.10$8.10+0.06% —$4.39M
Gate logoGateSpot · INJ_USDTSpot $8.10$8.10$8.10+0.05% —$3.12M
OKX logoOKXSpot · INJ-USDTSpot $8.10$8.10$8.10+0.07% —$3.09M
Bybit logoBybitSpot · INJUSDTSpot $8.10$8.10$8.10+0.09% —$2.81M
Bitget logoBitgetSpot · INJUSDTSpot $8.10$8.10$8.10+0.06% —$1.47M
Variational logoVariationalPerpetual · INJPerpetual $8.09$8.09$8.09-0.06% +0.007%$370.4K
Binance logoBinancePerpetual · INJUSDTPerpetual $8.09$8.09$8.090.00% +0.000%—
Aster logoAsterPerpetual · INJUSDTPerpetual $8.09$8.10$8.09-0.01% +0.030%—
Binance logoBinanceSpot · INJUSDTSpot $8.10$8.10$8.10+0.07% ——
MEXC logoMEXCSpot · INJUSDTSpot $8.10$8.10$8.10+0.09% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

INJ arbitrage explained

Right now Injective (INJ) trades on 10 venues we scan: 10 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on OKX perp at $8.09 and the highest bid on Bybit spot at $8.10.

The widest INJ perpetual spread is between OKX and Binance: long INJ on OKX at $8.09 and short on Binance at $8.09 for +0.04% gross, or -0.12% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.017% per day, which the position pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best INJ route is to buy spot on Gate and short the perpetual on Binance: -0.07% gross, -0.27% net, with +0.000% a day of funding on the short leg.

Spot–spot INJ arbitrage (buy on Gate, withdraw, deposit and sell on Bybit) shows +0.01% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small INJ gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: INJ funding rates · INJ spread charts · Injective price · arbitrage scanner for all coins.

Is there a INJ arbitrage opportunity right now?

The best INJ route right now is to buy on OKX → sell on Binance (Perp–Perp): +0.04% gross and -0.12% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest INJ?

OKX (perp) has the lowest INJ ask at $8.09, and Bybit (spot) the highest bid at $8.10. Prices update every 15 seconds on this page.

How many exchanges list INJ?

ArbiLayer tracks 17 INJ markets on 10 venues: 10 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage INJ without transferring coins?

Use two perpetual contracts: go long INJ on the cheaper exchange (OKX now) and short it on the more expensive one (Binance), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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