Funding you earn now, next payment 10:00 UTC+0.1176%/8h= +128.8% APRpaid last 24h +0.017%
Price spread now: Kraken Futures against Binance+0.050%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$560.563% of the position
Funding, last 7 days+0.350%+$35 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.050%, 7d avg +0.042%
=The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$35 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.350% in total (about 18.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance INJUSDT | 7.6972 | 0.0100 | pay 0.0100% / 8h | 6h 21m | $34.1M | $99.9M | 75x |
| Short | Kraken Futures PF_INJUSD | 7.7011 | 0.1276 | get 0.0160% / 1h | 21m 10s | $896K | $3.6M | 50x |
Binance INJUSDT
Kraken Futures PF_INJUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $247.04
- Price spread: +0.050% → +0.042%
- $0.83
- Slippage, 4 orders
- −$36.28
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $191.59
- Costs to cover
- 0.563%
- Break-even
- 1.6 days
Slippage from Binance: live order book, 15 min ago; Kraken Futures: live order book, 1 min ago.
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 Binance live order book, 15 min ago | 0.65 bp | 11.8 bp −$12 | 27.4 bp −$274 | 172.4 bp −$17.2K | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 6.49 bp | 17.8 bp −$18 | 29.3 bp −$293 | 400.7 bp −$40.1K | doesn't fit |
INJ on 24 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.6992 | +0.026% | — | — | 20x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0023% | 1h | 7.6898 | −0.097% | $18K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0027% | 1h | 7.7002 | +0.040% | $79K | $14K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6895 | −0.100% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6920 | −0.067% | $34K | $72K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.6963 | −0.011% | $148K | $331K | 20x | as long as short |
| Binance INJUSDTlong | +0.0100% | 8h | 7.6972 | long leg | $34.1M | $99.9M | 75x | |
| Bybit INJUSDT | +0.0100% | 8h | 7.6903 | −0.090% | $21.1M | $31.0M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.6900 | −0.093% | $5.9M | $20.9M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.6930 | −0.054% | $2.7M | $5.8M | 50x | as long as short |
Reya INJRUSDPERP
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6930 | −0.054% | $8.5M | $18.1M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6890 | −0.106% | $14.2M | $11.6M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6839 | −0.172% | $273K | $127K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7080 | +0.140% | $46K | $265K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6937 | −0.046% | $114K | $644K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.6980 | +0.011% | $1.6M | $5.3M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.6930 | −0.054% | — | $21.8M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.6950 | −0.028% | $30.9M | $21.4M | 300x | as long as short |
| Hyperliquid INJ | +0.0302% | 1h | 7.7056 | +0.109% | $25.9M | $8.1M | 5x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0324% / S −0.0344% | 1h | 7.6873 | −0.128% | $40K | — | 100x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0387% | 1h | 7.6950 | −0.028% | $5K | $11K | 25x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0736% | 1h | 7.7240 | +0.348% | $384K | $668K | 50x | as long as short |
| Kraken Futures PF_INJUSDshort | +0.1276% | 1h | 7.7011 | +0.050% | $896K | $3.6M | 50x | |
| Injective INJ/USDC PERP | +0.1415% | 1h | 7.7140 | +0.218% | $548K | $14.7M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
Hyperliquid INJ
GMX INJ/USD [WBTC.b-USDC]
Deribit INJ_USDC-PERPETUAL
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP