2Z

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0533%/8h= +58.4% APRnext payment +$0.67 per $10,000 · paid last 24h +0.121%

Price spread now: Kraken Futures against Injective+5.382%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Kraken Futures is 5.382% dearer against Injective than usual: you sell high and buy low: +$538 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective 2Z/USDC PERP	0.04980	0.0033	pay 0.0004% / 1h	31m 01s	$867	$213	5.5x
Short	Kraken Futures PF_2ZUSD	0.05248	0.0567	get 0.0071% / 1h	31m 01s	$5K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Kraken FuturesbpOrdersPrice spread, now +5.382%Rate

Funding earned: $112.01
Price spread: +5.382% → 0.000%: $538.21
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $640.2
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Kraken Futures: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Injective and Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

2Z on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack 2Z_USDC_PERP	−0.0663%	1h	0.05238	+5.181%	$45K	$22K	5x	as long as short
Injective 2Z/USDC PERPlong	+0.0033%	1h	0.04980	long leg	$867	$213	5.5x
Lighter 2Z	+0.0096%	1h	0.05245	+5.321%	$17K	$6K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05245	+5.329%	$677K	$353K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05238	+5.173%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05234	+5.100%	$75K	$15K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05241	+5.241%	$2.1M	$2.2M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05242	+5.261%	$725K	$964K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05244	+5.301%	$450K	$714K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05235	+5.120%	$91K	$61K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC 2Z_USDT	+0.0100%	4h	0.05240	+5.221%	$328K	$132K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05235	+5.118%	$179K	$55K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05242	+5.261%	$162K	$625K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05242	+5.261%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05243	+5.283%	$33K	$23K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05245	+5.321%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSDshort	+0.0567%	1h	0.05248	+5.382%	$5K	$3K	10x