NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.6180%/8h= −676.7% APRnext payment −$7.72 per $10,000 · paid last 24h −0.732%

Price spread now: Injective against Kraken Futures−3.118%63s7-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 −$185 a day on $10k at the current rate, and Injective is 3.118% cheaper against Kraken Futures than usual: you would sell low and buy high (−$312 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NOTUSD	0.0005031	0.6213	pay 0.0777% / 1h	9m 33s	$49K	$10K	10x
Short	Injective NOT/USDC PERP	0.0004874	0.0033	get 0.0004% / 1h	9m 33s	$1K	$13K	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 −3.118%Rate

Funding earned: −$1,297.7
Price spread: −3.118% → 0.000%: −$311.81
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: −$1,619.53
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; 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 no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Kraken Futures and 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.

NOT on 16 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
Variational Omni NOT	−0.0144%	4h	0.0005030	−0.011%	$71K	$39K	—	as long as short
Injective NOT/USDC PERPshort	+0.0033%	1h	0.0004874	−3.118%	$1K	$13K	5.5x
BloFin NOT-USDT	+0.0048%	4h	0.0005042	+0.221%	$110K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005051	+0.396%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005040	+0.182%	$369K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005039	+0.154%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005038	+0.142%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005034	+0.062%	$2.1M	$815K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005038	+0.142%	$612K	$584K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005038	+0.142%	$140K	$79K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005038	+0.142%	$1.4M	$471K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005031	+0.003%	$467K	$133K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005042	+0.221%	$662K	$387K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005038	+0.142%	—	$724K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005037	+0.121%	$4K	$1K	5x	as long as short
Kraken Futures PF_NOTUSDlong	+0.6213%	1h	0.0005031	long leg	$49K	$10K	10x