INJ arbitrage between HyperLiquid and OKX: we compare the price of INJ on HyperLiquid (futures) and OKX (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Injective

Injective is an interoperable Layer 1 blockchain designed for DeFi applications. It provides developers with on-chain financial infrastructure modules to build dApps such as decentralized exchanges, prediction markets, and lending protocols. Its decentralized cross-chain bridging infrastructure offers compatibility with most blockchains, including EVM chains like Ethereum and non-EVM chains like Solana.

Smart Contract Platform, Decentralized Finance (DeFi), BNB Chain Ecosystem, Cosmos Ecosystem

INJ: OKX — deposit open, withdrawal open.

Open interest in INJ right now — $63.9M: Binance $19.0M, Bybit $10.1M, BingX $10.0M, KuCoin $9.8M, Bitget $9.2M. See OI INJ.

News about INJ

About INJ arbitrage

How do I read the INJ spread?

The spread is how many percent higher INJ trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and OKX. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get INJ alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.