INJ

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0304%/8h= +33.3% APRnext payment +$0.38 per $10,000 · paid last 24h +0.065%

Price spread now: Kraken Futures against Deribit−0.025%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.025% cheaper against Deribit than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit INJ_USDC-PERPETUAL	7.8163	0.0134	pay 0.0017% / 1h	33m 43s	$6K	$24K	25x
Short	Kraken Futures PF_INJUSD	7.8143	0.0438	get 0.0055% / 1h	33m 43s	$866K	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Kraken FuturesbpOrdersPrice spread, now −0.025%Rate

Funding earned: $63.83
Price spread: −0.025% → 0.000%: −$2.51
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $44.32
Costs to cover: 0.170%
Break-even: 2.1 days

Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 5 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 5 min ago	5.18 bp	19.4 bp −$19	29.0 bp −$290	406.4 bp −$40.6K	doesn't fit

Deribit: 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.

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	7.8096	−0.085%	—	—	20x	as long as short
dYdX INJ-USD	0.0000%	1h	7.8064	−0.126%	$81K	$17K	5x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.8098	−0.083%	$3K	—	150x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.8131	−0.040%	$71K	—	3x	as long as short
Aster INJUSDT	+0.0100%	8h	7.8140	−0.029%	$149K	$424K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.8142	−0.026%	$35.4M	$90.1M	75x	as long as short
Bybit INJUSDT	+0.0100%	8h	7.8137	−0.033%	$22.0M	$30.3M	50x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.8090	−0.093%	$6.4M	$18.6M	50x	as long as short
Gate INJ_USDT	+0.0100%	8h	7.8090	−0.093%	$2.8M	$4.9M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.8080	−0.106%	$9.4M	$16.5M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget INJUSDT	+0.0100%	8h	7.8070	−0.119%	$14.3M	$9.8M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.7540	−0.797%	$272K	$149K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.7260	−1.155%	$46K	$272K	50x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.8140	−0.029%	$35K	$92K	10x	as long as short
Extended INJ-USD	+0.0104%	1h	7.8101	−0.079%	$116K	$367K	10x	as long as short
Deribit INJ_USDC-PERPETUALlong	+0.0134%	1h	7.8163	long leg	$6K	$24K	25x
BloFin INJ-USDT	+0.0220%	8h	7.7890	−0.349%	$1.8M	$6.3M	75x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0269% / S −0.0198%	1h	7.8082	−0.104%	$30K	—	100x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.8070	−0.119%	—	$21.2M	—	as long as short
Hyperliquid INJ	+0.0281%	1h	7.8191	+0.036%	$26.3M	$8.7M	5x	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.8120	−0.055%	$31.6M	$20.8M	300x	as long as short
Kraken Futures PF_INJUSDshort	+0.0438%	1h	7.8143	−0.025%	$866K	$3.0M	50x
Coinbase International INJ-PERP-INTX	+0.0640%	1h	7.8030	−0.170%	$383K	$584K	50x	as long as short
Injective INJ/USDC PERP	+0.1331%	1h	7.7730	−0.554%	$324K	$12.1M	30x	as long as short