Funding you earn now, next payment 00:00 UTC+0.0070%/8h= +7.6% APRnext payment +$0.09 per $10,000 · paid last 24h +9.347%
Price spread now: Injective against Kraken Futures−15.953%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
Funding pays, the price is against you. Injective is 15.953% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −15.953% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,595 on $10k: about years of funding at the current rate (+$2 a day). 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 | Kraken Futures PF_DEGENUSD | 0.001137 | −0.0036 | get 0.0005% / 1h | 47m 35s | $1K | $1K | 10x |
| Short | Injective DEGEN/USDC PERP | 0.0009560 | 0.0033 | get 0.0004% / 1h | 47m 35s | — | $26K | 5.5x |
Kraken Futures PF_DEGENUSD
Injective DEGEN/USDC PERPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14.63
- Price spread: −15.953% → 0.000%
- −$1,595.31
- 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
- −$1,590.7
- Costs to cover
- 0.100%
- Break-even
- 768.3 days
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.
DEGEN on 2 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DEGENUSDlong | −0.0036% | 1h | 0.001137 | long leg | $1K | $1K | 10x | |
| Injective DEGEN/USDC PERPshort | +0.0033% | 1h | 0.0009560 | −15.953% | — | $26K | 5.5x |