Funding you earn now, next payment 22:00 UTC+0.0248%/8h= +27.1% APRnext payment +$0.31 per $10,000 · paid last 24h +0.083%
Price spread now: Injective against Kraken Futures+1.562%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.903%+$90 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 1.562% dearer against Kraken Futures than usual: you sell high and buy low: +$156 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ETHFIUSD | 0.7129 | −0.0214 | get 0.0027% / 1h | 31m 01s | $278K | $131K | 20x |
| Short | Injective ETHFI/USDC PERP | 0.7240 | 0.0033 | get 0.0004% / 1h | 31m 01s | $321 | $51K | 5.5x |
Kraken Futures PF_ETHFIUSD
Injective ETHFI/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
- $51.98
- Price spread: +1.562% → 0.000%
- $156.18
- 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
- $198.13
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 56 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, 56 min ago | 28.06 bp | 34.8 bp −$35 | 151.9 bp −$1,519 | 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0591% | 1h | 0.7125 | −0.051% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSDlong | −0.0214% | 1h | 0.7129 | long leg | $278K | $131K | 20x | |
| Orderly PERP_ETHFI_USDC | −0.0159% | 4h | 0.7122 | −0.093% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0082% | 4h | 0.7114 | −0.206% | $82K | $164K | 20x | as long as short |
| Bitget ETHFIUSDT | +0.0022% | 4h | 0.7125 | −0.051% | $6.1M | $5.6M | 75x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0030% | 8h | 0.7121 | −0.108% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERPshort | +0.0033% | 1h | 0.7240 | +1.562% | $321 | $51K | 5.5x | |
| Extended ETHFI-USD | +0.0088% | 1h | 0.7125 | −0.049% | $92K | $495K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0089% | 4h | 0.7127 | −0.023% | $24.9M | $36.3M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0090% | 4h | 0.7127 | −0.023% | $15.4M | $3.7M | 125x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Bitget ETHFIUSDT
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
Binance ETHFIUSDT
MEXC ETHFI_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ETHFI | +0.0093% | 4h | 0.7160 | +0.443% | $1.0M | $718K | — | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7124 | −0.071% | $1.1M | $891K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7124 | −0.060% | $18.8M | $8.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7127 | −0.023% | $181K | $252K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7130 | +0.019% | $18.3M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7133 | +0.061% | $4.9M | $12.0M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7126 | −0.037% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7128 | −0.009% | $1.2M | $268K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7124 | −0.065% | — | $25.9M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7137 | +0.110% | $56K | $81K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7131 | +0.033% | $1K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7125 | −0.051% | $8K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7131 | +0.033% | $31K | $8K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0329% | 4h | 0.7118 | −0.150% | $1.3M | $292K | 75x | as long as short |
Variational Omni ETHFI
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT