Funding you earn now, next payment 01:00 UTC+0.1242%/8h= +136.0% APRnext payment +$1.55 per $10,000 · paid last 24h +0.326%
Price spread now: Injective against Kraken Futures+0.351%7-day average +0.151% · you sell dearer than you buy
Net, funding: paid 7d − costs+$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$840.839% of the position
Funding, last 7 days+1.487%+$149 on $10k
+Price spread, last 3 days (all we have)−0.047%−$5 · spread now +0.351%, 7d avg +0.151%
=Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Injective is 0.200% dearer against Kraken Futures than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.151%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_INJUSD | 7.8624 | 0.0194 | pay 0.0024% / 1h | 38m 30s | $889K | $3.0M | 50x |
| Short | Injective INJ/USDC PERP | 7.8900 | 0.1436 | get 0.0179% / 1h | 38m 30s | $329K | $12.1M | 30x |
Kraken Futures PF_INJUSD
Injective INJ/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $260.73
- Price spread: +0.351% → +0.151%
- $19.95
- Slippage, 4 orders
- −$73.92
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $196.74
- Costs to cover
- 0.839%
- Break-even
- 1.7 days
Slippage from Kraken Futures: live order book, 5 min ago; Injective: live order book, 1 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, 5 min ago | 7.63 bp | 16.8 bp −$17 | 31.8 bp −$318 | 2159.6 bp −$216.0K | doesn't fit |
| Sell Injective live order book, 1 min ago | 23.49 bp | 23.5 bp −$24 | 43.7 bp −$437 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | −0.0276% | 8h | 7.8470 | −0.196% | $22.0M | $31.5M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.8451 | −0.221% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8594 | −0.039% | $91K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8618 | −0.008% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8615 | −0.011% | $3K | — | 150x | as long as short |
| Gate INJ_USDT | +0.0042% | 8h | 7.8520 | −0.132% | $2.8M | $4.9M | 50x | as long as short |
| Variational Omni INJ | +0.0084% | 8h | 7.8543 | −0.103% | $280K | $160K | — | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8597 | −0.034% | $71K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8610 | −0.018% | $38K | $66K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8627 | +0.004% | $150K | $443K | 20x | as long as short |
Bybit INJUSDT
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Gate INJ_USDT
Variational Omni INJ
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance INJUSDT | +0.0100% | 8h | 7.8520 | −0.132% | $35.7M | $93.6M | 75x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8460 | −0.209% | $6.4M | $19.8M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8530 | −0.120% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8550 | −0.094% | $14.5M | $10.3M | 75x | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8610 | −0.018% | $48K | $349K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8514 | −0.140% | $121K | $640K | 10x | as long as short |
| Kraken Futures PF_INJUSDlong | +0.0194% | 1h | 7.8624 | long leg | $889K | $3.0M | 50x | |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8550 | −0.094% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8550 | −0.094% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8590 | −0.043% | $31.8M | $22.6M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0356% / S −0.0418% | 1h | 7.8619 | −0.007% | $47K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0576% | 1h | 7.8663 | +0.049% | $26.5M | $9.1M | 5x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.8820 | +0.249% | $386K | $659K | 50x | as long as short |
| Injective INJ/USDC PERPshort | +0.1436% | 1h | 7.8900 | +0.351% | $329K | $12.1M | 30x |
Binance INJUSDT
OKX INJ-USDT-SWAP
KuCoin INJUSDTM
Bitget INJUSDT
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Coinbase International INJ-PERP-INTX