Funding you earn now, next payment 04:00 UTC+1.8827%/8h= +2061.6% APRnext payment +$23.53 per $10,000 · paid last 24h +1.985%
Price spread now: Kraken Futures against Injective+0.046%63s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.334%+$233 on $10k
+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 +$565 a day on $10k at the current rate, and Kraken Futures is 0.046% dearer against Injective than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.334% in total (about 121.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$23.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective NIGHT/USDC PERP | 0.02435 | 0.0033 | pay 0.0004% / 1h | 25m 33s | $1K | $58K | 5.5x |
| Short | Kraken Futures PF_NIGHTUSD | 0.02436 | 1.8861 | get 0.2358% / 1h | 25m 33s | $65K | $61K | 25x |
Injective NIGHT/USDC PERP
Kraken Futures PF_NIGHTUSDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $3,953.71
- Price spread: +0.046% → 0.000%
- $4.6
- 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
- $3,948.29
- Costs to cover
- 0.100%
- Break-even
- 0.0 days
Slippage unknown: Injective: no order-book sample; Kraken Futures: 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 Injective no order-book sample | — | — | — | — | — |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Injective and Kraken Futures: 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.
NIGHT on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International NIGHT-PERP-INTX | −2.3328% | 1h | 0.02180 | −10.464% | $1K | — | 50x | as long as short |
| Injective NIGHT/USDC PERPlong | +0.0033% | 1h | 0.02435 | long leg | $1K | $58K | 5.5x | |
| Aster NIGHTUSDT | +0.0100% | 4h | 0.02413 | −0.907% | $27K | $35K | 10x | as long as short |
| Binance NIGHTUSDT | +0.0100% | 4h | 0.02413 | −0.903% | $5.3M | $6.5M | 50x | as long as short |
| Bybit NIGHTUSDT | +0.0100% | 4h | 0.02412 | −0.945% | $2.0M | $1.0M | 50x | as long as short |
| OKX NIGHT-USDT-SWAP | +0.0100% | 4h | 0.02413 | −0.916% | $1.6M | $1.9M | 20x | as long as short |
| Gate NIGHT_USDT | +0.0100% | 8h | 0.02410 | −1.027% | $221K | $199K | 20x | as long as short |
| KuCoin NIGHTUSDTM | +0.0100% | 4h | 0.02416 | −0.775% | $1.4M | $5.2M | 50x | as long as short |
| Bitget NIGHTUSDT | +0.0100% | 4h | 0.02415 | −0.821% | $646K | $393K | 25x | as long as short |
| SunX NIGHT-USDT | +0.0100% | 4h | 0.02412 | −0.945% | $1K | $1.9M | 20x | as long as short |
Coinbase International NIGHT-PERP-INTX
Aster NIGHTUSDT
Binance NIGHTUSDT
Bybit NIGHTUSDT
OKX NIGHT-USDT-SWAP
Gate NIGHT_USDT
KuCoin NIGHTUSDTM
Bitget NIGHTUSDT
SunX NIGHT-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX NIGHT-USDT | +0.0126% | 4h | 0.02412 | −0.945% | — | $6.6M | — | as long as short |
| BloFin NIGHT-USDT | +0.0147% | 4h | 0.02415 | −0.821% | $284K | $42K | 50x | as long as short |
| MEXC NIGHT_USDT | +0.0250% | 4h | 0.02413 | −0.903% | $780K | $460K | 100x | as long as short |
| Deribit NIGHT_USDC-PERPETUAL | +0.0289% | 1h | 0.02412 | −0.940% | $99 | $99 | 10x | as long as short |
| Kraken Futures PF_NIGHTUSDshort | +1.8861% | 1h | 0.02436 | +0.046% | $65K | $61K | 25x |
BingX NIGHT-USDT
BloFin NIGHT-USDT
MEXC NIGHT_USDT
Deribit NIGHT_USDC-PERPETUAL