Funding you earn now, next payment 03:00 UTC−0.0342%/8h= −37.4% APRpaid last 24h −0.003%
Price spread now: KuCoin against Kraken Futures−0.115%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$770.771% of the position
Funding, last 7 days−0.271%−$27 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now −0.115%, 7d avg −0.072%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and KuCoin is 0.043% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.072%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_INJUSD | 7.7489 | 0.0442 | pay 0.0055% / 1h | 6m 42s | $856K | $3.0M | 50x |
| Short | KuCoin INJUSDTM | 7.7400 | 0.0100 | get 0.0100% / 8h | 5h 06m | $9.5M | $16.5M | 50x |
Kraken Futures PF_INJUSD
KuCoin INJUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$71.74
- Price spread: −0.115% → −0.072%
- −$4.33
- Slippage, 4 orders
- −$55.08
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$153.16
- Costs to cover
- 0.771%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; KuCoin: live order book, 2 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, 2 min ago | 5.14 bp | 11.6 bp −$12 | 31.3 bp −$313 | 2353.1 bp −$235.3K | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 1.93 bp | 25.3 bp −$25 | 40.4 bp −$404 | 311.9 bp −$31.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.7436 | −0.069% | — | — | 20x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.7493 | +0.005% | $6K | $24K | 25x | as long as short |
| dYdX INJ-USD | +0.0003% | 1h | 7.7415 | −0.097% | $80K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.7500 | +0.014% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7505 | +0.020% | $70K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7450 | −0.051% | $148K | $413K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7392 | −0.126% | $35.1M | $89.9M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.7361 | −0.166% | $21.9M | $30.3M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7350 | −0.180% | $6.3M | $18.3M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7370 | −0.154% | $2.7M | $5.0M | 50x | as long as short |
Reya INJRUSDPERP
Deribit INJ_USDC-PERPETUAL
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 INJUSDTMshort | +0.0100% | 8h | 7.7400 | −0.115% | $9.5M | $16.5M | 50x | |
| Bitget INJUSDT | +0.0100% | 8h | 7.7320 | −0.219% | $14.2M | $9.7M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7980 | +0.633% | $274K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7860 | +0.478% | $47K | $270K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7520 | +0.039% | $34K | $92K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7366 | −0.160% | $116K | $367K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7470 | −0.025% | $1.8M | $6.3M | 75x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0269% / S −0.0198% | 1h | 7.7492 | +0.003% | $29K | — | 100x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.7360 | −0.167% | — | $21.0M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.7390 | −0.128% | $31.8M | $21.0M | 300x | as long as short |
| Hyperliquid INJ | +0.0329% | 1h | 7.7494 | +0.006% | $26.1M | $8.6M | 5x | as long as short |
| Kraken Futures PF_INJUSDlong | +0.0442% | 1h | 7.7489 | long leg | $856K | $3.0M | 50x | |
| Coinbase International INJ-PERP-INTX | +0.0640% | 1h | 7.7600 | +0.143% | $381K | $572K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1331% | 1h | 7.7960 | +0.607% | $325K | $12.1M | 30x | as long as short |
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
MEXC INJ_USDT
Hyperliquid INJ
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP