Funding you earn now, next payment 06:00 UTC+0.0433%/8h= +47.5% APRpaid last 24h +0.028%
Price spread now: BloFin against Kraken Futures−0.050%57s7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as 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−$590.590% of the position
Funding, last 7 days−0.108%−$11 on $10k
+Price spread, last 4 days (all we have)+0.125%+$12 · spread now −0.050%, 7d avg −0.087%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and BloFin is 0.037% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.087%. Mind the row above: over the last 7 days funding on this pair cost −0.108%, so the current rate has only just turned in your favour. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.108% in total (about -5.6% 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 | 7.5818 | −0.0213 | get 0.0027% / 1h | 51m 30s | $769K | $3.5M | 50x |
| Short | BloFin INJ-USDT | 7.5780 | 0.0220 | get 0.0220% / 8h | 2h 51m | $1.6M | $5.8M | 75x |
Kraken Futures PF_INJUSD
BloFin INJ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $91
- Price spread: −0.050% → −0.087%
- $3.69
- Slippage, 4 orders
- −$36.97
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $35.72
- Costs to cover
- 0.590%
- Break-even
- 4.3 days
Slippage from Kraken Futures: live order book, 2 min ago; BloFin: 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, 2 min ago | 8.59 bp | 16.0 bp −$16 | 27.3 bp −$273 | 2437.8 bp −$243.8K | doesn't fit |
| Sell BloFin live order book, 2 min ago | 1.98 bp | 15.7 bp −$16 | 33.7 bp −$337 | 149.4 bp −$14.9K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INJUSDlong | −0.0213% | 1h | 7.5818 | long leg | $769K | $3.5M | 50x | |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.5640 | −0.234% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5540 | −0.366% | $78K | $17K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.5834 | +0.022% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0027% | 1h | 7.5807 | −0.014% | $16K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.5801 | −0.022% | $68K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.5800 | −0.023% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.5729 | −0.117% | $25.5M | $8.7M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.5617 | −0.265% | $138K | $418K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.5640 | −0.234% | $33.0M | $97.0M | 75x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Hyperliquid INJ
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 | 7.5610 | −0.274% | $20.9M | $31.6M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.5660 | −0.208% | $6.2M | $18.6M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.5550 | −0.353% | $2.6M | $5.2M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.5600 | −0.287% | $9.5M | $17.8M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.5600 | −0.287% | $13.9M | $10.2M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5602 | −0.285% | $268K | $146K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.5730 | −0.116% | $45K | $270K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.5582 | −0.311% | $112K | $558K | 10x | as long as short |
| BloFin INJ-USDTshort | +0.0220% | 8h | 7.5780 | −0.050% | $1.6M | $5.8M | 75x | |
| BingX INJ-USDT | +0.0248% | 8h | 7.5610 | −0.274% | — | $20.9M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.5600 | −0.287% | $29.9M | $20.0M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0267% / S −0.0198% | 1h | 7.5801 | −0.022% | $29K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0480% | 1h | 7.5950 | +0.175% | $366K | $621K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1029% | 1h | 7.5940 | +0.161% | $317K | $12.1M | 30x | as long as short |
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP