Funding you earn now, next payment 03:00 UTC+0.0339%/8h= +37.1% APRpaid last 24h +0.003%
Price spread now: Kraken Futures against KuCoin−0.043%7-day average +0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$720.716% of the position
Funding, last 7 days+0.271%+$27 on $10k
+Price spread, last 3 days (all we have)+0.208%+$21 · spread now −0.043%, 7d avg +0.076%
=Funding pays, the price is against you. Kraken Futures is 0.118% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of +0.076%). If the spread goes back, that is −$12 on $10k: about 28 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.271% in total) that is about 3.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin INJUSDTM | 7.7970 | 0.0100 | pay 0.0100% / 8h | 5h 52m | $9.3M | $16.5M | 50x |
| Short | Kraken Futures PF_INJUSD | 7.7937 | 0.0439 | get 0.0055% / 1h | 52m 44s | $866K | $3.0M | 50x |
KuCoin INJUSDTM
Kraken Futures PF_INJUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- $71.21
- Price spread: −0.043% → +0.076%
- −$11.85
- Slippage, 4 orders
- −$49.6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$12.23
- Costs to cover
- 0.716%
- Break-even
- 8.2 days
Slippage from KuCoin: live order book, 6 min ago; Kraken Futures: 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 KuCoin live order book, 6 min ago | 3.21 bp | 18.7 bp −$19 | 56.5 bp −$565 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 8.99 bp | 16.0 bp −$16 | 35.0 bp −$350 | 454.5 bp −$45.5K | doesn't fit |
INJ on 23 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 | 7.7802 | −0.216% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7714 | −0.328% | $80K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.7881 | −0.114% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7918 | −0.067% | $70K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7981 | +0.015% | $149K | $424K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8084 | +0.146% | $35.5M | $90.0M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8064 | +0.121% | $22.1M | $30.5M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8060 | +0.115% | $6.4M | $18.6M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.8000 | +0.038% | $2.8M | $4.9M | 50x | as long as short |
| KuCoin INJUSDTMlong | +0.0100% | 8h | 7.7970 | long leg | $9.3M | $16.5M | 50x |
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 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget INJUSDT | +0.0100% | 8h | 7.8050 | +0.103% | $14.3M | $9.9M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8162 | +0.246% | $273K | $151K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7700 | −0.346% | $47K | $273K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7910 | −0.077% | $35K | $80K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7979 | +0.011% | $117K | $364K | 10x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0161% | 1h | 7.7928 | −0.054% | $6K | $24K | 25x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0269% / S −0.0198% | 1h | 7.7886 | −0.108% | $29K | — | 100x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8040 | +0.090% | — | $21.2M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8010 | +0.051% | $31.9M | $20.6M | 300x | as long as short |
| Hyperliquid INJ | +0.0285% | 1h | 7.8138 | +0.215% | $26.3M | $8.7M | 5x | as long as short |
| Kraken Futures PF_INJUSDshort | +0.0439% | 1h | 7.7937 | −0.043% | $866K | $3.0M | 50x | |
| Coinbase International INJ-PERP-INTX | +0.0640% | 1h | 7.8130 | +0.205% | $382K | $591K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1331% | 1h | 7.8140 | +0.218% | $326K | $12.1M | 30x | as long as short |
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
Deribit INJ_USDC-PERPETUAL
GMX INJ/USD [WBTC.b-USDC]
BingX INJ-USDT
MEXC INJ_USDT
Hyperliquid INJ
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP