Funding you earn now, next payment 05:00 UTC+0.0331%/8h= +36.3% APRpaid last 24h −0.036%
Price spread now: Bybit against Kraken Futures−0.220%7-day average −0.099% · 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−$67as in the Price arb table
costs, in and out, $10k−$540.545% of the position
Funding, last 7 days−0.333%−$33 on $10k
+Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.220%, 7d avg −0.099%
=Funding pays, the price is against you. Bybit is 0.121% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.220% now, against its 7-day average of −0.099%). If the spread goes back, that is −$12 on $10k: about 29 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.333%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_INJUSD | 7.6576 | −0.0231 | get 0.0029% / 1h | 30m 35s | $789K | $3.4M | 50x |
| Short | Bybit INJUSDT | 7.6408 | 0.0100 | get 0.0100% / 8h | 3h 30m | $21.3M | $31.6M | 50x |
Kraken Futures PF_INJUSD
Bybit INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $69.55
- Price spread: −0.220% → −0.099%
- −$12.1
- Slippage, 4 orders
- −$33.49
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $2.96
- Costs to cover
- 0.545%
- Break-even
- 6.7 days
Slippage from Kraken Futures: live order book, 3 min ago; Bybit: 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 | 5.88 bp | 14.7 bp −$15 | 24.6 bp −$246 | 2270.8 bp −$227.1K | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.65 bp | 13.1 bp −$13 | 43.7 bp −$437 | 141.7 bp −$14.2K | 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 | −0.0231% | 1h | 7.6576 | long leg | $789K | $3.4M | 50x | |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.6517 | −0.078% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.6490 | −0.113% | $79K | $17K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.6616 | +0.052% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.6578 | +0.002% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6608 | +0.042% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6580 | +0.005% | $34K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.6476 | −0.131% | $25.8M | $8.8M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.6480 | −0.125% | $141K | $417K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.6425 | −0.197% | $33.4M | $96.2M | 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 INJUSDTshort | +0.0100% | 8h | 7.6408 | −0.220% | $21.3M | $31.6M | 50x | |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.6400 | −0.230% | $6.2M | $18.7M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.6420 | −0.204% | $2.7M | $5.2M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6410 | −0.217% | $9.5M | $17.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6350 | −0.295% | $14.0M | $10.2M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6552 | −0.032% | $269K | $144K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.6530 | −0.060% | $46K | $271K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6410 | −0.217% | $113K | $359K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.6590 | +0.018% | $1.6M | $5.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.6450 | −0.165% | — | $21.0M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.6430 | −0.191% | $30.1M | $21.4M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0268% / S −0.0198% | 1h | 7.6586 | +0.013% | $29K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0552% | 1h | 7.6670 | +0.123% | $371K | $619K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1172% | 1h | 7.6790 | +0.279% | $320K | $12.1M | 30x | as long as short |
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
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
Injective INJ/USDC PERP