Funding you earn now, next payment 00:00 UTC+0.0148%/8h= +16.3% APRnext payment +$0.19 per $10,000 · paid last 24h +0.064%
Price spread now: Injective against Kraken Futures−0.362%7-day average +2.069% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.168%+$17 on $10k
+Price spread, last 3 days (all we have)−1.372%−$137 · spread now −0.362%, 7d avg +2.069%
=Funding pays, the price is against you. Injective is 2.431% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.362% now, against its 7-day average of +2.069%). If the spread goes back, that is −$243 on $10k: about 55 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_FILUSD | 0.9891 | −0.0393 | get 0.0049% / 1h | 48m 55s | $1.3M | $2.4M | 50x |
| Short | Injective FIL/USDC PERP | 0.9855 | −0.0245 | pay 0.0031% / 1h | 48m 55s | $2K | $240K | 12x |
Kraken Futures PF_FILUSD
Injective FIL/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
- $31.17
- Price spread: −0.362% → +2.069%
- −$243.11
- 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
- −$221.96
- Costs to cover
- 0.100%
- Break-even
- 56.8 days
Slippage unknown: Kraken Futures: live order book, 5 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, 5 min ago | 4.53 bp | 16.9 bp −$17 | 36.7 bp −$367 | 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.
FIL on 29 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 FIL_USDC-PERPETUAL | −0.1062% | 1h | 0.9892 | +0.012% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSDlong | −0.0393% | 1h | 0.9891 | long leg | $1.3M | $2.4M | 50x | |
| Coinbase International FIL-PERP-INTX | −0.0352% | 1h | 0.9907 | +0.164% | $320K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERPshort | −0.0245% | 1h | 0.9855 | −0.362% | $2K | $240K | 12x | |
| KuCoin FILUSDTM | −0.0005% | 8h | 0.9884 | −0.069% | $7.4M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9894 | +0.036% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9905 | +0.142% | $58K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0025% | 8h | 0.9886 | −0.048% | $18.2M | $98.7M | 50x | as long as short |
| Bitget FILUSDT | +0.0026% | 8h | 0.9887 | −0.038% | $11.0M | $21.5M | 75x | as long as short |
| Bybit FILUSDT | +0.0045% | 8h | 0.9888 | −0.028% | $15.4M | $18.2M | 25x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
Bitget FILUSDT
Bybit FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0062% | 8h | 0.9886 | −0.048% | $57.3M | $177.9M | 75x | as long as short |
| MEXC FIL_USDC | +0.0062% | 8h | 0.9880 | −0.109% | $251K | $103K | 50x | as long as short |
| Extended FIL-USD | +0.0064% | 1h | 0.9884 | −0.068% | $693K | $2.3M | 10x | as long as short |
| BingX FIL-USDT | +0.0068% | 8h | 0.9887 | −0.038% | — | $11.9M | — | as long as short |
| Lighter FIL | +0.0080% | 1h | 0.9880 | −0.110% | $159K | $347K | 5x | as long as short |
| Gate FIL_USDT | +0.0096% | 8h | 0.9891 | +0.002% | $7.9M | $16.2M | 50x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9885 | −0.058% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9891 | +0.003% | $498K | $529K | 20x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9911 | +0.207% | $441K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9906 | +0.155% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9909 | +0.179% | $289K | $807K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9910 | +0.194% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9895 | +0.045% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9890 | −0.008% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9885 | −0.058% | $486 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9894 | +0.033% | $632K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9900 | +0.093% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0182% | 8h | 0.9885 | −0.058% | $2.7M | $555K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0572% / S −0.0666% | 1h | 0.9892 | +0.013% | $197K | — | 100x | as long as short |
Binance FILUSDT
MEXC FIL_USDC
Extended FIL-USD
BingX FIL-USDT
Lighter FIL
Gate FIL_USDT
Hyperliquid FIL
Aster FILUSDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]