Funding you earn now, next payment 01:00 UTC−0.0090%/8h= −9.9% APRpaid last 24h −0.018%
Price spread now: Kraken Futures against MEXC0.000%7-day average +0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$420.422% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 3 days (all we have)+0.072%+$7 · spread now 0.000%, 7d avg +0.058%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kraken Futures is 0.058% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.058%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC INJ_USDT | 7.8430 | 0.0285 | pay 0.0285% / 8h | 7h 55m | $31.6M | $22.5M | 300x |
| Short | Kraken Futures PF_INJUSD | 7.8430 | 0.0195 | get 0.0024% / 1h | 55m 11s | $887K | $3.0M | 50x |
MEXC INJ_USDT
Kraken Futures PF_INJUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against MEXC. 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
- −$19
- Price spread: 0.000% → +0.058%
- −$5.85
- Slippage, 4 orders
- −$32.16
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$67.01
- Costs to cover
- 0.422%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Kraken Futures: live order book, 4 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 MEXC live order book, 4 min ago | 0.64 bp | 3.1 bp −$3 | 9.8 bp −$98 | 55.8 bp −$5,581 | 109.3 bp −$54.7K |
| Sell Kraken Futures live order book, 4 min ago | 8.92 bp | 19.1 bp −$19 | 29.9 bp −$299 | 490.8 bp −$49.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni INJUSDT | −0.0391% | 1h | 7.8520 | +0.115% | $48K | $349K | 50x | as long as short |
| Bybit INJUSDT | −0.0338% | 8h | 7.8360 | −0.089% | $22.0M | $31.9M | 50x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.8387 | −0.055% | — | — | 20x | as long as short |
| Gate INJ_USDT | −0.0145% | 8h | 7.8430 | 0.000% | $2.8M | $4.9M | 50x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8402 | −0.036% | $91K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8410 | −0.026% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8397 | −0.043% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8438 | +0.010% | $71K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8390 | −0.051% | $38K | $66K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8480 | +0.064% | $150K | $443K | 20x | as long as short |
ApeX Omni INJUSDT
Bybit INJUSDT
Reya INJRUSDPERP
Gate INJ_USDT
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
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 | 7.8430 | 0.000% | $35.7M | $94.5M | 75x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8400 | −0.038% | $6.4M | $20.0M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8430 | 0.000% | $9.5M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8420 | −0.013% | $14.5M | $10.4M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8454 | +0.031% | $279K | $160K | — | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8371 | −0.075% | $119K | $460K | 10x | as long as short |
| Kraken Futures PF_INJUSDshort | +0.0195% | 1h | 7.8430 | 0.000% | $887K | $3.0M | 50x | |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8440 | +0.013% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8410 | −0.026% | — | $21.5M | — | as long as short |
| MEXC INJ_USDTlong | +0.0285% | 8h | 7.8430 | long leg | $31.6M | $22.5M | 300x | |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0356% / S −0.0418% | 1h | 7.8415 | −0.019% | $47K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0587% | 1h | 7.8540 | +0.140% | $26.5M | $9.3M | 5x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.8770 | +0.434% | $385K | $666K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1436% | 1h | 7.8760 | +0.421% | $328K | $12.1M | 30x | as long as short |
Binance INJUSDT
OKX INJ-USDT-SWAP
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP