Funding you earn now, next payment 22:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h −0.026%
Price spread now: Bitget against Kraken Futures−0.007%48s7-day average −0.140% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as 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−$600.600% of the position
Funding, last 7 days−0.283%−$28 on $10k
+Price spread, last 3 days (all we have)−0.111%−$11 · spread now −0.007%, 7d avg −0.140%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.132% dearer against Kraken Futures than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.140%. Mind the row above: over the last 7 days funding on this pair cost −0.283%, so the current rate has only just turned in your favour. The two prices were read 48 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 | Kraken Futures PF_INJUSD | 7.7786 | 0.0078 | pay 0.0010% / 1h | 30m 28s | $890K | $3.2M | 50x |
| Short | Bitget INJUSDT | 7.7780 | 0.0100 | get 0.0100% / 8h | 2h 30m | $14.2M | $10.9M | 75x |
Kraken Futures PF_INJUSD
Bitget INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $4.66
- Price spread: −0.007% → −0.140%
- $13.23
- Slippage, 4 orders
- −$37.96
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$42.06
- Costs to cover
- 0.600%
- Break-even
- 70.2 days
Slippage from Kraken Futures: live order book, 3 min ago; Bitget: live order book, 3 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 | 5.15 bp | 15.9 bp −$16 | 32.1 bp −$321 | 4507.5 bp −$450.7K | doesn't fit |
| Sell Bitget live order book, 3 min ago | 1.93 bp | 14.6 bp −$15 | 19.1 bp −$191 | 98.8 bp −$9,876 | 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 | 7.7739 | −0.060% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7788 | +0.003% | $90K | $10K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.7774 | −0.015% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.7812 | +0.034% | $3K | — | 150x | as long as short |
| Variational Omni INJ | +0.0053% | 8h | 7.7437 | −0.448% | $272K | $156K | — | as long as short |
| Kraken Futures PF_INJUSDlong | +0.0078% | 1h | 7.7786 | long leg | $890K | $3.2M | 50x | |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7765 | −0.027% | $70K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0097% | 8h | 7.7760 | −0.033% | $38K | $65K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7833 | +0.061% | $154K | $441K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7807 | +0.027% | $35.5M | $94.8M | 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 | 7.7754 | −0.041% | $21.6M | $31.8M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7750 | −0.046% | $6.4M | $20.4M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7790 | +0.005% | $2.8M | $5.1M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.7770 | −0.020% | $9.5M | $16.2M | 50x | as long as short |
| Bitget INJUSDTshort | +0.0100% | 8h | 7.7780 | −0.007% | $14.2M | $10.9M | 75x | |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7620 | −0.213% | $47K | $347K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7837 | +0.066% | $118K | $460K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7800 | +0.018% | $1.8M | $7.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.7770 | −0.020% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.7800 | +0.018% | $32.1M | $23.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0354% / S −0.0391% | 1h | 7.7743 | −0.055% | $47K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0688% | 1h | 7.7890 | +0.134% | $383K | $695K | 50x | as long as short |
| Hyperliquid INJ | +0.0717% | 1h | 7.7928 | +0.183% | $26.3M | $9.1M | 5x | as long as short |
| Injective INJ/USDC PERP | +0.1499% | 1h | 7.7910 | +0.160% | $319K | $12.1M | 30x | as long as short |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
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
Injective INJ/USDC PERP