MEW

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0998%/8h= −109.2% APRnext payment −$1.25 per $10,000 · paid last 24h −0.168%

Price spread now: Injective against Kraken Futures−11.112%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Injective

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 against this trade now: funding costs −$30 a day on $10k at the current rate, and Injective is 11.112% cheaper against Kraken Futures than usual: you would sell low and buy high (−$1,111 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MEWUSD	0.0004746	0.1031	pay 0.0129% / 1h	9m 24s	$100K	$136K	10x
Short	Injective MEW/USDC PERP	0.0004219	0.0033	get 0.0004% / 1h	9m 24s	$46	$14K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 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 Kraken FuturesbpFee InjectivebpOrdersPrice spread, now −11.112%Rate

Funding earned: −$209.48
Price spread: −11.112% → 0.000%: −$1,111.2
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,330.7
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 31 min ago; Injective: no order-book sample. 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 Kraken Futures live order book, 31 min ago	9.52 bp	1052.5 bp −$1,052	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	0.0004720	−0.557%	—	—	100x	as long as short
Injective MEW/USDC PERPshort	+0.0033%	1h	0.0004219	−11.112%	$46	$14K	5.5x
Binance MEWUSDT	+0.0100%	4h	0.0004727	−0.418%	$1.3M	$3.8M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004722	−0.515%	$1.5M	$1.7M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004722	−0.515%	$564K	$1.0M	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004713	−0.704%	$138K	$119K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004728	−0.388%	$385K	$182K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004725	−0.451%	$372K	$115K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004726	−0.430%	$481K	$596K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004725	−0.451%	—	$9.3M	—	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	0.0004727	−0.405%	$82K	$38K	—	as long as short
Kraken Futures PF_MEWUSDlong	+0.1031%	1h	0.0004746	long leg	$100K	$136K	10x