MEW

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.2239%/8h= +245.2% APRnext payment +$2.80 per $10,000 · paid last 24h +0.117%

Price spread now: Kraken Futures against Injective+12.839%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$67 a day on $10k at the current rate, and Kraken Futures is 12.839% dearer against Injective than usual: you sell high and buy low: +$1,284 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MEW/USDC PERP	0.0004219	0.0033	pay 0.0004% / 1h	18m 47s	$46	$14K	5.5x
Short	Kraken Futures PF_MEWUSD	0.0004761	0.2272	get 0.0284% / 1h	18m 47s	$101K	$139K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Kraken FuturesbpOrdersPrice spread, now +12.839%Rate

Funding earned: $470.2
Price spread: +12.839% → 0.000%: $1,283.94
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1,744.12
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 31 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 31 min ago	11.59 bp	72.5 bp −$73	doesn't fit	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MEW on 12 exchanges

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
GMX MEW/USD [WBTC.b-USDC]	L 0.0000% / S 0.0000%	1h	0.0004750	+12.586%	—	—	100x	as long as short
Injective MEW/USDC PERPlong	+0.0033%	1h	0.0004219	long leg	$46	$14K	5.5x
Binance MEWUSDT	+0.0100%	4h	0.0004759	+12.795%	$1.3M	$3.6M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004755	+12.704%	$1.5M	$1.6M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004753	+12.657%	$563K	$960K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004754	+12.681%	$137K	$139K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004757	+12.752%	$356K	$180K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004762	+12.870%	$377K	$122K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004753	+12.657%	$484K	$556K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004758	+12.776%	—	$7.2M	—	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEW	+0.0100%	4h	0.0004759	+12.788%	$84K	$36K	—	as long as short
Kraken Futures PF_MEWUSDshort	+0.2272%	1h	0.0004761	+12.839%	$101K	$139K	10x