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: Injective against Kraken Futures−5.107%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Injective

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 against this trade now: funding costs −$16 a day on $10k at the current rate, and Injective is 5.107% cheaper against Kraken Futures than usual: you would sell low and buy high (−$511 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_2ZUSD	0.05248	0.0567	pay 0.0071% / 1h	30m 46s	$5K	$3K	10x
Short	Injective 2Z/USDC PERP	0.04980	0.0033	get 0.0004% / 1h	30m 46s	$867	$213	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Kraken Futures. 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 Kraken FuturesbpFee InjectivebpOrdersPrice spread, now −5.107%Rate

Funding earned: −$112.01
Price spread: −5.107% → 0.000%: −$510.72
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$632.76
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Injective: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Kraken Futures and Injective: 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	−0.191%	$45K	$22K	5x	as long as short
Injective 2Z/USDC PERPshort	+0.0033%	1h	0.04980	−5.107%	$867	$213	5.5x
Lighter 2Z	+0.0096%	1h	0.05245	−0.058%	$17K	$6K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05243	−0.092%	$677K	$353K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05241	−0.128%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05234	−0.267%	$75K	$15K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05244	−0.072%	$2.1M	$2.2M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05244	−0.077%	$725K	$964K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05241	−0.134%	$450K	$714K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05236	−0.229%	$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	−0.153%	$328K	$132K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05235	−0.250%	$179K	$55K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05245	−0.058%	$162K	$625K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05241	−0.134%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05243	−0.094%	$33K	$23K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05245	−0.058%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSDlong	+0.0567%	1h	0.05248	long leg	$5K	$3K	10x