Funding you earn now, next payment 11:00 UTC−0.1030%/8h= −112.8% APRnext payment −$1.29 per $10,000 · paid last 24h −0.059%
Price spread now: dYdX against Kraken Futures−0.048%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.469%−$47 on $10k
+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 −$31 a day on $10k at the current rate, and dYdX is 0.048% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.469% in total (about -24.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.29 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_INJUSD | 7.6599 | 0.1030 | pay 0.0129% / 1h | 27m 56s | $883K | $3.4M | 50x |
| Short | dYdX INJ-USD | 7.6562 | 0.0000 | get 0.0000% / 1h | 27m 56s | $78K | $14K | 5x |
Kraken Futures PF_INJUSD
dYdX INJ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$216.26
- Price spread: −0.048% → 0.000%
- −$4.76
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$241.02
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 4 min ago; dYdX: 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, 4 min ago | 9.81 bp | 23.8 bp −$24 | 45.4 bp −$454 | 2574.8 bp −$257.5K | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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 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 | 7.6457 | −0.185% | — | — | 20x | as long as short |
| dYdX INJ-USDshort | 0.0000% | 1h | 7.6562 | −0.048% | $78K | $14K | 5x | |
| gTrade (Gains Network) INJ/USD | L +0.0008% / S −0.0024% | 1h | 7.6521 | −0.101% | $17K | — | 150x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0064% | 1h | 7.6545 | −0.070% | $5K | $11K | 25x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6542 | −0.074% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6530 | −0.090% | $34K | $72K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.6536 | −0.082% | $147K | $296K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.6550 | −0.064% | $33.9M | $94.9M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.6470 | −0.168% | $20.8M | $29.6M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.6480 | −0.155% | $5.8M | $20.4M | 50x | as long as short |
Reya INJRUSDPERP
gTrade (Gains Network) 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 | 7.6510 | −0.116% | $2.7M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6550 | −0.064% | $8.4M | $17.8M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6480 | −0.155% | $14.1M | $10.8M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6357 | −0.316% | $273K | $106K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.6450 | −0.194% | $46K | $264K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6527 | −0.094% | $116K | $648K | 10x | as long as short |
| Hyperliquid INJ | +0.0110% | 1h | 7.6616 | +0.022% | $25.7M | $7.8M | 5x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.6640 | +0.054% | $1.6M | $5.2M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.6520 | −0.103% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.6550 | −0.064% | $30.2M | $20.4M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0427% / S −0.0611% | 1h | 7.6635 | +0.047% | $60K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0728% | 1h | 7.6670 | +0.093% | $382K | $641K | 50x | as long as short |
| Kraken Futures PF_INJUSDlong | +0.1030% | 1h | 7.6599 | long leg | $883K | $3.4M | 50x | |
| Injective INJ/USDC PERP | +0.1301% | 1h | 7.6800 | +0.263% | $315K | $15.2M | 30x | as long as short |
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
Hyperliquid INJ
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP