INJ

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0090%/8h= +9.9% APRnext payment +$0.11 per $10,000 · paid last 24h +0.028%

Price spread now: Kraken Futures against Extended−0.006%7-day average +0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$590.589% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.342%+$34 on $10k

Price spread, last 3 days (all we have)+0.135%+$13 · spread now −0.006%, 7d avg +0.080%

Together, before fees+0.477%+ Points / potential airdropExtended: Active · farm board+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.086% cheaper against Extended than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.080%). If the spread goes back, that is −$9 on $10k: about 3.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended INJ-USD	7.8494	0.0104	pay 0.0013% / 1h	56m 46s	$119K	$460K	10x
Short	Kraken Futures PF_INJUSD	7.8488	0.0194	get 0.0024% / 1h	56m 46s	$889K	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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 ExtendedbpFee Kraken FuturesbpOrdersPrice spread, now −0.006%Rate

Funding earned: $18.98
Price spread: −0.006% → +0.080%: −$8.63
Slippage, 4 orders: −$43.85
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$48.5
Costs to cover: 0.589%
Break-even: 24.9 days

Slippage from Extended: live order book, 16 min ago; Kraken Futures: live order book, 2 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 Extended live order book, 16 min ago	2.55 bp	11.9 bp −$12	107.0 bp −$1,070	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	8.92 bp	19.1 bp −$19	29.9 bp −$299	490.8 bp −$49.1K	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
Bybit INJUSDT	−0.0459%	8h	7.8490	−0.004%	$22.0M	$32.0M	50x	as long as short
Gate INJ_USDT	−0.0232%	8h	7.8510	+0.021%	$2.8M	$4.9M	50x	as long as short
Reya INJRUSDPERP	−0.0200%	1h	7.8412	−0.104%	—	—	20x	as long as short
Deribit INJ_USDC-PERPETUAL	−0.0094%	1h	7.8452	−0.053%	$6K	$24K	25x	as long as short
dYdX INJ-USD	0.0000%	1h	7.8448	−0.058%	$91K	$8K	5x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.8467	−0.034%	$3K	—	150x	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.8469	−0.031%	$71K	—	3x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.8470	−0.030%	$38K	$66K	10x	as long as short
Aster INJUSDT	+0.0100%	8h	7.8480	−0.017%	$150K	$443K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.8560	+0.085%	$35.7M	$94.9M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX INJ-USDT-SWAP	+0.0100%	8h	7.8530	+0.046%	$6.4M	$20.1M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.8510	+0.021%	$9.5M	$16.6M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.8520	+0.034%	$14.5M	$10.5M	75x	as long as short
Variational Omni INJ	+0.0100%	8h	7.8439	−0.069%	$280K	$160K	—	as long as short
ApeX Omni INJUSDT	+0.0100%	1h	7.8540	+0.059%	$48K	$349K	50x	as long as short
Extended INJ-USDlong	+0.0104%	1h	7.8494	long leg	$119K	$460K	10x
Kraken Futures PF_INJUSDshort	+0.0194%	1h	7.8488	−0.006%	$889K	$3.1M	50x
BloFin INJ-USDT	+0.0220%	8h	7.8490	−0.004%	$1.8M	$7.7M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.8490	−0.004%	—	$21.5M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.8560	+0.085%	$31.8M	$22.5M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0355% / S −0.0418%	1h	7.8482	−0.015%	$47K	—	100x	as long as short
Hyperliquid INJ	+0.0626%	1h	7.8674	+0.230%	$26.6M	$9.3M	5x	as long as short
Coinbase International INJ-PERP-INTX	+0.0632%	1h	7.8770	+0.352%	$385K	$667K	50x	as long as short
Injective INJ/USDC PERP	+0.1436%	1h	7.8800	+0.390%	$329K	$12.1M	30x	as long as short