Funding you earn now, next payment 09:00 UTC+0.0755%/8h= +82.6% APRpaid last 24h −0.038%
Price spread now: Kraken Futures against BingX+0.151%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$550.545% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.151%, 7d avg +0.072%
=Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Kraken Futures is 0.079% dearer against BingX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.072%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.081% in total (about 4.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX INJ-USDT | 7.7940 | 0.0070 | pay 0.0070% / 8h | 7h 13m | — | $21.8M | — |
| Short | Kraken Futures PF_INJUSD | 7.8057 | 0.0825 | get 0.0103% / 1h | 13m 52s | $853K | $3.8M | 50x |
BingX INJ-USDT
Kraken Futures PF_INJUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $158.45
- Price spread: +0.151% → +0.072%
- $7.88
- Slippage, 4 orders
- −$34.54
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $111.79
- Costs to cover
- 0.545%
- Break-even
- 2.1 days
Slippage from BingX: live order book, 10 min ago; Kraken Futures: live order book, 5 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 BingX live order book, 10 min ago | 0.64 bp | 6.6 bp −$7 | 11.2 bp −$112 | 36.7 bp −$3,667 | 135.3 bp −$67.7K |
| Sell Kraken Futures live order book, 5 min ago | 7.03 bp | 13.1 bp −$13 | 34.1 bp −$341 | 428.2 bp −$42.8K | doesn't fit |
INJ 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.7968 | +0.037% | — | — | 20x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0023% | 1h | 7.7940 | 0.000% | $18K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0050% | 1h | 7.7989 | +0.063% | $80K | $18K | 5x | as long as short |
| BingX INJ-USDTlong | +0.0070% | 8h | 7.7940 | long leg | — | $21.8M | — | |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7948 | +0.010% | $70K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7950 | +0.013% | $35K | $72K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7961 | +0.028% | $150K | $445K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7979 | +0.050% | $34.7M | $102.7M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.7932 | −0.010% | $21.6M | $32.1M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7960 | +0.026% | $6.1M | $20.8M | 50x | as long as short |
Reya INJRUSDPERP
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate INJ_USDT | +0.0100% | 8h | 7.7920 | −0.026% | $2.7M | $5.9M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7910 | −0.038% | $8.6M | $18.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7920 | −0.026% | $14.3M | $12.0M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8109 | +0.216% | $277K | $143K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8130 | +0.244% | $47K | $266K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7930 | −0.013% | $119K | $639K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8080 | +0.180% | $1.7M | $5.8M | 75x | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.7990 | +0.064% | $31.3M | $21.4M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0326% / S −0.0344% | 1h | 7.7893 | −0.060% | $41K | — | 100x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0623% | 1h | 7.7993 | +0.068% | $5K | $24K | 25x | as long as short |
| Hyperliquid INJ | +0.0669% | 1h | 7.8073 | +0.171% | $26.3M | $8.8M | 5x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0680% | 1h | 7.8300 | +0.462% | $391K | $730K | 50x | as long as short |
| Kraken Futures PF_INJUSDshort | +0.0825% | 1h | 7.8057 | +0.151% | $853K | $3.8M | 50x | |
| Injective INJ/USDC PERP | +0.1302% | 1h | 7.8220 | +0.359% | $321K | $11.9M | 30x | as long as short |
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Deribit INJ_USDC-PERPETUAL
Hyperliquid INJ
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP