AR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1889%/8h= −206.9% APRnext payment −$2.36 per $10,000 · paid last 24h +0.386%

Price spread now: Injective against Kraken Futures−0.395%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 −$57 a day on $10k at the current rate, and Injective is 0.395% cheaper against Kraken Futures than usual: you would sell low and buy high (−$39 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_ARUSD	4.5470	0.1923	pay 0.0240% / 1h	40m 52s	$56K	$149K	20x
Short	Injective AR/USDC PERP	4.5290	0.0033	get 0.0004% / 1h	40m 52s	$548	$3K	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 −0.395%Rate

Funding earned: −$396.77
Price spread: −0.395% → 0.000%: −$39.48
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: −$446.27
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 21 min ago; 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 live order book, 21 min ago	28.49 bp	66.6 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	4.5429	−0.089%	$584K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0092%	8h	4.5390	−0.175%	$2.3M	$19.0M	20x	as long as short
Injective AR/USDC PERPshort	+0.0033%	1h	4.5290	−0.395%	$548	$3K	5.5x
Extended AR-USD	+0.0096%	1h	4.5447	−0.048%	$37K	$239K	10x	as long as short
MEXC AR_USDT	+0.0097%	8h	4.5440	−0.065%	$6.7M	$4.3M	100x	as long as short
Binance ARUSDT	+0.0098%	8h	4.5423	−0.102%	$9.1M	$51.6M	75x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5492	+0.049%	$4.1M	$4.6M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5450	−0.044%	$19K	$500K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5420	−0.109%	$4.7M	$8.4M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5440	−0.065%	$2.5M	$1.9M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.5420	−0.109%	$1.2M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5370	−0.219%	$3.9M	$5.3M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5430	−0.087%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5401	−0.150%	$236K	$258K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5490	+0.045%	$20K	$725K	50x	as long as short
BloFin AR-USDT	+0.0218%	8h	4.5450	−0.043%	$438K	$499K	20x	as long as short
Kraken Futures PF_ARUSDlong	+0.1923%	1h	4.5470	long leg	$56K	$149K	20x