ArbiLayer

INJ arbitrage

live

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

Best net spread-0.04%Variational → MEXC · Perp–Perp
Best perp–perp spread+0.12%Variational → MEXC
Markets tracked1710 venues · 10 perp · 7 spot · 0 DEX
Price range0.24%$7.43 – $7.45

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
No venue pairs for this coin in this mode right now.
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 $7.45$7.45$7.45+0.04% +0.083%$29.38M
Bybit logoBybitPerpetual · INJUSDTPerpetual $7.44$7.44$7.44-0.04% +0.004%$27.43M
KuCoin logoKuCoinPerpetual · INJUSDTMPerpetual $7.44$7.45$7.44-0.01% +0.030%$25.78M
OKX logoOKXPerpetual · INJ-USDT-SWAPPerpetual $7.44$7.44$7.44-0.05% +0.025%$23.67M
Bitget logoBitgetPerpetual · INJUSDTPerpetual $7.44$7.45$7.44-0.00% +0.030%$8.16M
Gate logoGatePerpetual · INJ_USDTPerpetual $7.45$7.45$7.45+0.04% +0.030%$6.48M
Hyperliquid logoHyperliquidPerpetual · INJPerpetual $7.44$7.45$7.440.00% +0.030%$5.72M
OKX logoOKXSpot · INJ-USDTSpot $7.44$7.45$7.45+0.01% —$3.93M
Gate logoGateSpot · INJ_USDTSpot $7.45$7.45$7.45+0.09% —$3.92M
Bybit logoBybitSpot · INJUSDTSpot $7.44$7.44$7.44-0.02% —$3.72M
KuCoin logoKuCoinSpot · INJ-USDTSpot $7.45$7.45$7.45+0.04% —$3.03M
Bitget logoBitgetSpot · INJUSDTSpot $7.45$7.45$7.45+0.05% —$1.17M
Variational logoVariationalPerpetual · INJPerpetual $7.43$7.44$7.43-0.13% +0.014%$279.6K
Binance logoBinancePerpetual · INJUSDTPerpetual $7.44$7.44$7.44-0.01% +0.030%—
Aster logoAsterPerpetual · INJUSDTPerpetual $7.44$7.45$7.44-0.03% +0.030%—
Binance logoBinanceSpot · INJUSDTSpot $7.45$7.45$7.45+0.05% ——
MEXC logoMEXCSpot · INJUSDTSpot $7.45$7.46$7.45+0.11% ——
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 Variational perp at $7.44 and the highest bid on Gate spot at $7.45.

The widest INJ perpetual spread is between Variational and MEXC: long INJ on Variational at $7.44 and short on MEXC at $7.45 for +0.12% gross, or -0.04% 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 +0.069% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best INJ route is to buy spot on Bybit and short the perpetual on MEXC: +0.04% gross, -0.16% net, with +0.083% a day of funding on the short leg.

Spot–spot INJ arbitrage (buy on Bybit, withdraw, deposit and sell on Gate) shows +0.09% 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 Variational → sell on MEXC (Perp–Perp): +0.12% gross and -0.04% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest INJ?

Variational (perp) has the lowest INJ ask at $7.44, and Gate (spot) the highest bid at $7.45. 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 (Variational now) and short it on the more expensive one (MEXC), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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