Funding you earn now, next payment 22:00 UTC−0.1421%/8h= −155.6% APRnext payment −$1.78 per $10,000 · paid last 24h −0.266%
Price spread now: Kraken Futures against Injective−0.256%63s7-day average −0.148% · you buy dearer than you sell
Net, funding: paid 7d − costs−$230as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$800.797% of the position
Funding, last 7 days−1.499%−$150 on $10k
+Price spread, last 3 days (all we have)−0.136%−$14 · spread now −0.256%, 7d avg −0.148%
=Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and Kraken Futures is 0.108% cheaper against Injective than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.148%). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective INJ/USDC PERP | 7.8000 | 0.1499 | pay 0.0187% / 1h | 21m 59s | $319K | $12.1M | 30x |
| Short | Kraken Futures PF_INJUSD | 7.7800 | 0.0078 | get 0.0010% / 1h | 21m 59s | $886K | $3.2M | 50x |
Injective INJ/USDC PERP
Kraken Futures PF_INJUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- −$298.45
- Price spread: −0.256% → −0.148%
- −$10.81
- Slippage, 4 orders
- −$69.65
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$388.93
- Costs to cover
- 0.797%
- Break-even
- never at this rate
Slippage from Injective: live order book, 2 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 Injective live order book, 2 min ago | 23.77 bp | 23.8 bp −$24 | 30574.2 bp −$305.7K | 395740.2 bp −$39.57M | 2018697.9 bp −$1009.35M |
| Sell Kraken Futures live order book, 2 min ago | 6.43 bp | 14.9 bp −$15 | 35.1 bp −$351 | 613.0 bp −$61.3K | 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 | 7.7749 | −0.321% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7683 | −0.406% | $90K | $10K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.7788 | −0.272% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.7776 | −0.288% | $3K | — | 150x | as long as short |
| Variational Omni INJ | +0.0059% | 8h | 7.8082 | +0.105% | $272K | $157K | — | as long as short |
| Kraken Futures PF_INJUSDshort | +0.0078% | 1h | 7.7800 | −0.256% | $886K | $3.2M | 50x | |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7764 | −0.303% | $70K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0097% | 8h | 7.7790 | −0.269% | $38K | $65K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7770 | −0.295% | $154K | $445K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7735 | −0.339% | $35.5M | $95.0M | 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 | 7.7690 | −0.397% | $21.5M | $32.0M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7680 | −0.410% | $6.4M | $20.4M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7730 | −0.346% | $2.8M | $5.1M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7750 | −0.321% | $9.5M | $16.2M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7740 | −0.333% | $14.3M | $11.0M | 75x | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7990 | −0.013% | $48K | $346K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7771 | −0.294% | $118K | $460K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7670 | −0.423% | $1.8M | $7.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.7750 | −0.321% | — | $21.3M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.7790 | −0.269% | $31.8M | $23.7M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0353% / S −0.0391% | 1h | 7.7767 | −0.299% | $47K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0688% | 1h | 7.7970 | −0.038% | $389K | $700K | 50x | as long as short |
| Hyperliquid INJ | +0.0827% | 1h | 7.7887 | −0.145% | $26.4M | $9.1M | 5x | as long as short |
| Injective INJ/USDC PERPlong | +0.1499% | 1h | 7.8000 | long leg | $319K | $12.1M | 30x |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
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