Funding you earn now, next payment 04:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.330%
Price spread now: Kraken Futures against Injective−1.180%63s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 −$5 a day on $10k at the current rate, and Kraken Futures is 1.180% cheaper against Injective than usual: you would sell low and buy high (−$118 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective AR/USDC PERP | 4.5290 | 0.0854 | pay 0.0107% / 1h | 49m 30s | $548 | $3K | 5.5x |
| Short | Kraken Futures PF_ARUSD | 4.4756 | 0.0694 | get 0.0087% / 1h | 49m 30s | $60K | $160K | 20x |
Injective AR/USDC PERP
Kraken Futures PF_ARUSDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$33.53
- Price spread: −1.180% → 0.000%
- −$117.99
- 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
- −$161.54
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 8 min ago. 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 live order book, 8 min ago | 32.13 bp | 48.8 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
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.
AR 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX AR/USD [WBTC.b-USDC] | L −0.0141% / S +0.0551% | 1h | 4.4833 | −1.010% | $576K | — | 50x | as long as short |
| OKX AR-USDT-SWAP | −0.0014% | 8h | 4.4700 | −1.303% | $2.3M | $18.0M | 20x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.4841 | −0.991% | $4.0M | $4.4M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.4798 | −1.086% | $26K | $478K | 10x | as long as short |
| Binance ARUSDT | +0.0100% | 8h | 4.4740 | −1.214% | $8.8M | $50.2M | 75x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.4750 | −1.192% | $4.6M | $8.2M | 75x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.4760 | −1.170% | $2.5M | $1.9M | 50x | as long as short |
| MEXC AR_USDT | +0.0100% | 8h | 4.4740 | −1.214% | $6.4M | $4.2M | 100x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.4780 | −1.126% | $1.2M | $1.2M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.4720 | −1.259% | $3.9M | $5.1M | 75x | as long as short |
GMX AR/USD [WBTC.b-USDC]
OKX AR-USDT-SWAP
Hyperliquid AR
Aster ARUSDT
Binance ARUSDT
Bybit ARUSDT
Gate AR_USDT
MEXC AR_USDT
KuCoin ARUSDTM
Bitget ARUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AR-USDT | +0.0100% | 8h | 4.4750 | −1.192% | — | $2.8M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.4962 | −0.724% | $233K | $242K | — | as long as short |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.4980 | −0.684% | $20K | $722K | 50x | as long as short |
| Extended AR-USD | +0.0104% | 1h | 4.4713 | −1.274% | $36K | $235K | 10x | as long as short |
| BloFin AR-USDT | +0.0220% | 8h | 4.4990 | −0.662% | $433K | $488K | 20x | as long as short |
| Kraken Futures PF_ARUSDshort | +0.0694% | 1h | 4.4756 | −1.180% | $60K | $160K | 20x | |
| Injective AR/USDC PERPlong | +0.0854% | 1h | 4.5290 | long leg | $548 | $3K | 5.5x |
BingX AR-USDT
Variational Omni AR
ApeX Omni ARUSDT
Extended AR-USD
BloFin AR-USDT