Funding you earn now, next payment 03:00 UTC−0.0419%/8h= −45.8% APRnext payment −$0.52 per $10,000 · paid last 24h −0.065%
Price spread now: Deribit against Kraken Futures−0.030%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Deribit is 0.030% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_INJUSD | 7.8191 | 0.0438 | pay 0.0055% / 1h | 32m 36s | $866K | $3.0M | 50x |
| Short | Deribit INJ_USDC-PERPETUAL | 7.8168 | 0.0019 | get 0.0002% / 1h | 32m 36s | $6K | $24K | 25x |
Kraken Futures PF_INJUSD
Deribit INJ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$87.92
- Price spread: −0.030% → 0.000%
- −$2.96
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$107.89
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 1 min ago; Deribit: no order-book sample. Net counts fees only.
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 | 7.04 bp | 23.1 bp −$23 | 38.2 bp −$382 | 2375.3 bp −$237.5K | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 7.8092 | −0.127% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8132 | −0.075% | $81K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8119 | −0.092% | $3K | — | 150x | as long as short |
| Deribit INJ_USDC-PERPETUALshort | +0.0019% | 1h | 7.8168 | −0.030% | $6K | $24K | 25x | |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8136 | −0.071% | $71K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8155 | −0.047% | $149K | $424K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8174 | −0.022% | $35.4M | $90.1M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8142 | −0.063% | $22.0M | $30.3M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8120 | −0.091% | $6.4M | $18.5M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.8140 | −0.065% | $2.8M | $4.9M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
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 | 7.8150 | −0.053% | $9.4M | $16.5M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8110 | −0.104% | $14.3M | $9.8M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7540 | −0.833% | $272K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7900 | −0.372% | $47K | $273K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8140 | −0.065% | $35K | $92K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8153 | −0.049% | $116K | $367K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8180 | −0.014% | $1.8M | $6.4M | 75x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0269% / S −0.0198% | 1h | 7.8119 | −0.092% | $30K | — | 100x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8150 | −0.053% | — | $21.2M | — | as long as short |
| Hyperliquid INJ | +0.0278% | 1h | 7.8208 | +0.022% | $26.3M | $8.7M | 5x | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8170 | −0.027% | $31.5M | $20.8M | 300x | as long as short |
| Kraken Futures PF_INJUSDlong | +0.0438% | 1h | 7.8191 | long leg | $866K | $3.0M | 50x | |
| Coinbase International INJ-PERP-INTX | +0.0640% | 1h | 7.8260 | +0.088% | $384K | $585K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1331% | 1h | 7.8270 | +0.101% | $326K | $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]
BingX INJ-USDT
Hyperliquid INJ
MEXC INJ_USDT
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP