Funding you earn now, next payment 11:00 UTC+0.0173%/8h= +19.0% APRnext payment +$0.22 per $10,000 · paid last 24h +0.093%
Price spread now: Coinbase International against Kraken Futures+0.022%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$920.920% of the position
Funding, last 7 days−0.167%−$17 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.022%, 7d avg +0.075%
=Funding pays, the price is against you. Coinbase International is 0.053% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.022% now, against its 7-day average of +0.075%). If the spread goes back, that is −$5 on $10k: about 24 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.167%, 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 | 7.7003 | 0.0547 | pay 0.0068% / 1h | 50m 53s | $897K | $3.4M | 50x |
| Short | Coinbase International INJ-PERP-INTX | 7.7020 | 0.0720 | get 0.0090% / 1h | 50m 53s | $388K | $643K | 50x |
Kraken Futures PF_INJUSD
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $36.43
- Price spread: +0.022% → +0.075%
- −$5.29
- Slippage, 4 orders
- −$71.97
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$60.83
- Costs to cover
- 0.920%
- Break-even
- 18.7 days
Slippage from Kraken Futures: live order book, 1 min ago; Coinbase International: live order book, 55 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, 1 min ago | 8.44 bp | 15.8 bp −$16 | 38.5 bp −$385 | 2444.5 bp −$244.4K | doesn't fit |
| Sell Coinbase International live order book, 55 min ago | 9.77 bp | 24.1 bp −$24 | 50.4 bp −$504 | doesn't fit | doesn't fit |
INJ on 24 exchanges
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 | 7.6942 | −0.079% | — | — | 20x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0008% / S −0.0024% | 1h | 7.6935 | −0.088% | $18K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0034% | 1h | 7.7005 | +0.003% | $79K | $14K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0062% | 1h | 7.6955 | −0.062% | $5K | $10K | 25x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6918 | −0.110% | $70K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6930 | −0.094% | $34K | $72K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.6975 | −0.036% | $145K | $284K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.6982 | −0.027% | $34.2M | $94.4M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.6920 | −0.107% | $21.0M | $29.1M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.6940 | −0.081% | $5.8M | $20.5M | 50x | as long as short |
Reya INJRUSDPERP
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAPShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate INJ_USDT | +0.0100% | 8h | 7.6930 | −0.094% | $2.7M | $5.2M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6940 | −0.081% | $8.5M | $17.7M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6920 | −0.107% | $14.2M | $10.7M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6845 | −0.205% | $275K | $98K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.6940 | −0.081% | $46K | $263K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6945 | −0.075% | $115K | $724K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.6960 | −0.055% | $1.6M | $5.2M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.6960 | −0.055% | — | $21.3M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.6980 | −0.029% | $29.9M | $19.2M | 300x | as long as short |
| Hyperliquid INJ | +0.0415% | 1h | 7.7060 | +0.074% | $25.9M | $7.7M | 5x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0428% / S −0.0611% | 1h | 7.6947 | −0.072% | $60K | — | 100x | as long as short |
| Kraken Futures PF_INJUSDlong | +0.0547% | 1h | 7.7003 | long leg | $897K | $3.4M | 50x | |
| Coinbase International INJ-PERP-INTXshort | +0.0720% | 1h | 7.7020 | +0.022% | $388K | $643K | 50x | |
| Injective INJ/USDC PERP | +0.1353% | 1h | 7.7340 | +0.438% | $317K | $13.1M | 30x | as long as short |
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
Hyperliquid INJ
GMX INJ/USD [WBTC.b-USDC]
Injective INJ/USDC PERP