Funding you earn now, next payment 03:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h +0.035%
Price spread now: BingX against Kraken Futures+0.060%7-day average −0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$480.481% of the position
Funding, last 7 days−0.095%−$10 on $10k
+Price spread, last 4 days (all we have)−0.163%−$16 · spread now +0.060%, 7d avg −0.080%
=The price spread pays, funding is against you. BingX is 0.140% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of −0.080%): +$14 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 7 days (−0.095% in total) that is about 10 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_INJUSD | 7.7314 | 0.0443 | pay 0.0055% / 1h | 37m 14s | $857K | $3.0M | 50x |
| Short | BingX INJ-USDT | 7.7360 | 0.0271 | get 0.0271% / 8h | 5h 37m | — | $21.2M | — |
Kraken Futures PF_INJUSD
BingX INJ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$36.05
- Price spread: +0.060% → −0.080%
- $14.02
- Slippage, 4 orders
- −$28.1
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$70.12
- Costs to cover
- 0.481%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; BingX: live order book, 1 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, 2 min ago | 5.18 bp | 16.0 bp −$16 | 35.3 bp −$353 | 2397.3 bp −$239.7K | doesn't fit |
| Sell BingX live order book, 1 min ago | 0.65 bp | 6.5 bp −$7 | 11.2 bp −$112 | 29.7 bp −$2,974 | 81.9 bp −$40.9K |
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 | 7.7237 | −0.100% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7090 | −0.290% | $80K | $17K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.7259 | −0.071% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.7244 | −0.090% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7257 | −0.073% | $70K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7244 | −0.090% | $147K | $424K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7381 | +0.087% | $35.1M | $90.0M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.7359 | +0.059% | $21.8M | $30.4M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7350 | +0.047% | $6.3M | $18.4M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7290 | −0.031% | $2.7M | $4.9M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Aster INJUSDT
Binance 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 | 7.7290 | −0.031% | $9.3M | $16.5M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7350 | +0.047% | $14.2M | $9.8M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7270 | −0.057% | $272K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7140 | −0.225% | $46K | $272K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7260 | −0.070% | $34K | $92K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7230 | −0.108% | $116K | $364K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7280 | −0.044% | $1.7M | $6.3M | 75x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0269% / S −0.0198% | 1h | 7.7249 | −0.083% | $29K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0270% | 1h | 7.7488 | +0.225% | $26.1M | $8.7M | 5x | as long as short |
| BingX INJ-USDTshort | +0.0271% | 8h | 7.7360 | +0.060% | — | $21.2M | — | |
| MEXC INJ_USDT | +0.0285% | 8h | 7.7370 | +0.073% | $31.3M | $20.8M | 300x | as long as short |
| Kraken Futures PF_INJUSDlong | +0.0443% | 1h | 7.7314 | long leg | $857K | $3.0M | 50x | |
| Coinbase International INJ-PERP-INTX | +0.0640% | 1h | 7.7750 | +0.564% | $382K | $583K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1331% | 1h | 7.7480 | +0.215% | $323K | $12.1M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
BloFin INJ-USDT
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
MEXC INJ_USDT
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP