Funding you earn now, next payment 02:00 UTC−0.0309%/8h= −33.9% APRpaid last 24h −0.036%
Price spread now: OKX against Kraken Futures−0.053%7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$680.676% of the position
Funding, last 7 days−0.321%−$32 on $10k
+Price spread, last 3 days (all we have)−0.153%−$15 · spread now −0.053%, 7d avg −0.105%
=The price spread pays, funding is against you. OKX is 0.052% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.053% now, against its 7-day average of −0.105%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.321% in total) that is about 27 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_INJUSD | 7.7341 | 0.0409 | pay 0.0051% / 1h | 46m 24s | $868K | $3.0M | 50x |
| Short | OKX INJ-USDT-SWAP | 7.7300 | 0.0100 | get 0.0100% / 8h | 6h 46m | $6.3M | $19.0M | 50x |
Kraken Futures PF_INJUSD
OKX INJ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$64.96
- Price spread: −0.053% → −0.105%
- $5.22
- Slippage, 4 orders
- −$47.59
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$127.34
- Costs to cover
- 0.676%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; OKX: 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 | 7.10 bp | 13.8 bp −$14 | 42.4 bp −$424 | 2315.3 bp −$231.5K | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.65 bp | 11.1 bp −$11 | 30.7 bp −$307 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.7253 | −0.114% | — | — | 20x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.7312 | −0.038% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.7261 | −0.104% | $3K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0016% | 1h | 7.7268 | −0.094% | $80K | $17K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7287 | −0.070% | $70K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7275 | −0.086% | $147K | $428K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7282 | −0.076% | $35.2M | $92.9M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.7287 | −0.070% | $21.8M | $31.2M | 50x | as long as short |
| OKX INJ-USDT-SWAPshort | +0.0100% | 8h | 7.7300 | −0.053% | $6.3M | $19.0M | 50x | |
| Gate INJ_USDT | +0.0100% | 8h | 7.7230 | −0.144% | $2.7M | $4.9M | 50x | as long as short |
Reya INJRUSDPERP
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Aevo INJ-PERP
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
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 | 7.7250 | −0.118% | $9.3M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7220 | −0.157% | $14.2M | $10.3M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7218 | −0.159% | $274K | $158K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7570 | +0.296% | $47K | $312K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7290 | −0.066% | $37K | $66K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7265 | −0.098% | $115K | $363K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7620 | +0.361% | $1.8M | $6.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.7270 | −0.092% | — | $21.4M | — | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0273% / S −0.0211% | 1h | 7.7247 | −0.122% | $30K | — | 100x | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.7280 | −0.079% | $30.8M | $21.0M | 300x | as long as short |
| Hyperliquid INJ | +0.0339% | 1h | 7.7371 | +0.039% | $26.1M | $8.8M | 5x | as long as short |
| Kraken Futures PF_INJUSDlong | +0.0409% | 1h | 7.7341 | long leg | $868K | $3.0M | 50x | |
| Coinbase International INJ-PERP-INTX | +0.0624% | 1h | 7.8010 | +0.865% | $381K | $631K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1354% | 1h | 7.7780 | +0.567% | $324K | $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
BingX INJ-USDT
GMX INJ/USD [WBTC.b-USDC]
MEXC INJ_USDT
Hyperliquid INJ
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP