Funding you earn now, next payment 09:00 UTC−0.0729%/8h= −79.9% APRpaid last 24h −0.001%
Price spread now: Binance against Kraken Futures−0.155%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$650.647% of the position
Funding, last 7 days−0.345%−$34 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.155%, 7d avg −0.043%
=Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Binance is 0.112% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.043%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.345% in total (about -18.0% 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 | Kraken Futures PF_INJUSD | 7.7612 | 0.0829 | pay 0.0104% / 1h | 55m 41s | $825K | $3.7M | 50x |
| Short | Binance INJUSDT | 7.7491 | 0.0100 | get 0.0100% / 8h | 7h 55m | $34.4M | $103.7M | 75x |
Kraken Futures PF_INJUSD
Binance INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- −$153.14
- Price spread: −0.155% → −0.043%
- −$11.21
- Slippage, 4 orders
- −$44.66
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$229.01
- Costs to cover
- 0.647%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Binance: 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 Kraken Futures live order book, 3 min ago | 11.57 bp | 24.7 bp −$25 | 46.2 bp −$462 | 2996.1 bp −$299.6K | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.64 bp | 9.9 bp −$10 | 21.1 bp −$211 | 121.2 bp −$12.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.7543 | −0.089% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7727 | +0.149% | $80K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0022% | 1h | 7.7521 | −0.117% | $18K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7535 | −0.099% | $70K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7570 | −0.054% | $34K | $83K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7489 | −0.159% | $149K | $445K | 20x | as long as short |
| Binance INJUSDTshort | +0.0100% | 8h | 7.7491 | −0.155% | $34.4M | $103.7M | 75x | |
| Bybit INJUSDT | +0.0100% | 8h | 7.7440 | −0.221% | $21.5M | $32.8M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7490 | −0.157% | $6.1M | $20.9M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7410 | −0.260% | $2.7M | $5.8M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7440 | −0.221% | $8.6M | $18.7M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7390 | −0.286% | $14.2M | $11.9M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7492 | −0.154% | $275K | $144K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7480 | −0.170% | $46K | $266K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7471 | −0.181% | $120K | $645K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7750 | +0.178% | $1.6M | $5.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.7450 | −0.208% | — | $21.7M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.7490 | −0.157% | $31.4M | $20.7M | 300x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0318% | 1h | 7.7571 | −0.052% | $6K | $26K | 25x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0326% / S −0.0344% | 1h | 7.7524 | −0.113% | $40K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0588% | 1h | 7.7538 | −0.095% | $26.0M | $8.8M | 5x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0680% | 1h | 7.7680 | +0.088% | $385K | $745K | 50x | as long as short |
| Kraken Futures PF_INJUSDlong | +0.0829% | 1h | 7.7612 | long leg | $825K | $3.7M | 50x | |
| Injective INJ/USDC PERP | +0.1302% | 1h | 7.8090 | +0.616% | $319K | $10.4M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
Deribit INJ_USDC-PERPETUAL
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP