Funding you earn now, next payment 02:00 UTC+0.0193%/8h= +21.2% APRnext payment +$0.24 per $10,000 · paid last 24h −0.078%
Price spread now: Kraken Futures against Injective−1.215%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.875%−$87 on $10k
+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. Kraken Futures is 1.215% cheaper against Injective than usual: you would sell low and buy high (spread −1.215% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$121 on $10k: about 21 days of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.875%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ETHFI/USDC PERP | 0.7240 | 0.0033 | pay 0.0004% / 1h | 49m 08s | $321 | $51K | 5.5x |
| Short | Kraken Futures PF_ETHFIUSD | 0.7152 | 0.0227 | get 0.0028% / 1h | 49m 08s | $271K | $174K | 20x |
Injective ETHFI/USDC PERP
Kraken Futures PF_ETHFIUSDFunding 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
- $40.6
- Price spread: −1.215% → 0.000%
- −$121.47
- 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
- −$90.89
- Costs to cover
- 0.100%
- Break-even
- 22.7 days
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 18 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, 18 min ago | 6.91 bp | 27.8 bp −$28 | 143.4 bp −$1,434 | 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.
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0414% | 4h | 0.7148 | −1.271% | $88K | $169K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0309% | 1h | 0.7146 | −1.298% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0211% | 4h | 0.7141 | −1.367% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0006% | 4h | 0.7135 | −1.452% | $1.0M | $721K | — | as long as short |
| Injective ETHFI/USDC PERPlong | +0.0033% | 1h | 0.7240 | long leg | $321 | $51K | 5.5x | |
| Paradex ETHFI-USD-PERP | +0.0039% | 8h | 0.7149 | −1.255% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7154 | −1.188% | $1.1M | $887K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7155 | −1.170% | $17.9M | $8.5M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7157 | −1.146% | $183K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7141 | −1.367% | $24.9M | $36.6M | 75x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7148 | −1.271% | $18.0M | $12.7M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7154 | −1.188% | $5.0M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7154 | −1.188% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7143 | −1.340% | $15.1M | $3.8M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7154 | −1.188% | $1.2M | $258K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7152 | −1.215% | $6.1M | $5.5M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7150 | −1.243% | — | $26.1M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7155 | −1.171% | $71K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7153 | −1.202% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7140 | −1.387% | $98K | $389K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7142 | −1.355% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0160% | 1h | 0.7154 | −1.188% | $31K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSDshort | +0.0227% | 1h | 0.7152 | −1.215% | $271K | $174K | 20x | |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7142 | −1.354% | $1.2M | $260K | 75x | as long as short |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT