Funding you earn now, next payment 22:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h +0.026%
Price spread now: Kraken Futures against Bitget+0.020%7-day average +0.140% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$600.600% of the position
Funding, last 7 days+0.283%+$28 on $10k
+Price spread, last 3 days (all we have)+0.099%+$10 · spread now +0.020%, 7d avg +0.140%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Kraken Futures is 0.119% cheaper against Bitget than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.140%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.283%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget INJUSDT | 7.7770 | 0.0100 | pay 0.0100% / 8h | 2h 31m | $14.2M | $10.9M | 75x |
| Short | Kraken Futures PF_INJUSD | 7.7786 | 0.0078 | get 0.0010% / 1h | 31m 10s | $890K | $3.2M | 50x |
Bitget INJUSDT
Kraken Futures PF_INJUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- −$4.66
- Price spread: +0.020% → +0.140%
- −$11.95
- Slippage, 4 orders
- −$37.96
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$76.56
- Costs to cover
- 0.600%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Kraken Futures: live order book, 3 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 Bitget live order book, 2 min ago | 1.93 bp | 14.5 bp −$14 | 23.8 bp −$238 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 5.15 bp | 15.0 bp −$15 | 31.3 bp −$313 | 620.0 bp −$62.0K | 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 | 7.7682 | −0.113% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7591 | −0.230% | $90K | $10K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.7774 | +0.005% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.7736 | −0.044% | $3K | — | 150x | as long as short |
| Variational Omni INJ | +0.0053% | 8h | 7.7437 | −0.428% | $272K | $156K | — | as long as short |
| Kraken Futures PF_INJUSDshort | +0.0078% | 1h | 7.7786 | +0.020% | $890K | $3.2M | 50x | |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7765 | −0.006% | $70K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0097% | 8h | 7.7760 | −0.013% | $38K | $65K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7684 | −0.110% | $153K | $441K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7780 | +0.013% | $35.5M | $94.8M | 75x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Variational Omni INJ
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | +0.0100% | 8h | 7.7700 | −0.090% | $21.6M | $31.8M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7700 | −0.090% | $6.4M | $20.4M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7770 | 0.000% | $2.8M | $5.1M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7740 | −0.039% | $9.4M | $16.2M | 50x | as long as short |
| Bitget INJUSDTlong | +0.0100% | 8h | 7.7770 | long leg | $14.2M | $10.9M | 75x | |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7620 | −0.193% | $47K | $347K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7746 | −0.031% | $118K | $460K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7800 | +0.039% | $1.8M | $7.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.7730 | −0.051% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.7780 | +0.013% | $32.1M | $23.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0354% / S −0.0391% | 1h | 7.7743 | −0.035% | $47K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0688% | 1h | 7.7890 | +0.154% | $383K | $695K | 50x | as long as short |
| Hyperliquid INJ | +0.0712% | 1h | 7.7909 | +0.179% | $26.3M | $9.1M | 5x | as long as short |
| Injective INJ/USDC PERP | +0.1499% | 1h | 7.7910 | +0.180% | $319K | $12.1M | 30x | as long as short |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Hyperliquid INJ
Injective INJ/USDC PERP