Funding you earn now, next payment 22:00 UTC+0.0105%/8h= +11.5% APRnext payment +$0.13 per $10,000 · paid last 24h +0.081%
Price spread now: Injective against Kraken Futures−0.412%63s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.149%−$115 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Injective is 0.412% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.412% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$41 on $10k: about 13 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −1.149%, so the current rate has only just turned in your favour. 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_POLUSD | 0.1116 | −0.0072 | get 0.0009% / 1h | 31m 35s | $1.2M | $1.8M | 50x |
| Short | Injective POL/USDC PERP | 0.1111 | 0.0033 | get 0.0004% / 1h | 31m 35s | $3K | $124K | 12x |
Kraken Futures PF_POLUSD
Injective POL/USDC PERPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $22.06
- Price spread: −0.412% → 0.000%
- −$41.18
- 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
- −$29.14
- Costs to cover
- 0.100%
- Break-even
- 16.2 days
Slippage unknown: Kraken Futures: live order book, 2 min ago; Injective: live order book, 12 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 Kraken Futures live order book, 2 min ago | 8.95 bp | 20.0 bp −$20 | 67.2 bp −$672 | doesn't fit | doesn't fit |
| Sell Injective live order book, 12 min ago | 67.72 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
POL on 25 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 POL-PERP-INTX | −0.0080% | 1h | 0.1111 | −0.412% | $202K | $254K | 50x | as long as short |
| Kraken Futures PF_POLUSDlong | −0.0072% | 1h | 0.1116 | long leg | $1.2M | $1.8M | 50x | |
| Orderly PERP_POL_USDC | −0.0035% | 4h | 0.1115 | −0.044% | $11K | $209K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1116 | +0.006% | $3K | — | — | as long as short |
| dYdX POL-USD | +0.0003% | 1h | 0.1116 | +0.035% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1116 | +0.029% | $22K | — | 150x | as long as short |
| Injective POL/USDC PERPshort | +0.0033% | 1h | 0.1111 | −0.412% | $3K | $124K | 12x | |
| ApeX Omni POLUSDT | +0.0039% | 1h | 0.1115 | −0.053% | $197K | $660K | 50x | as long as short |
| OKX POL-USDT-SWAP | +0.0092% | 4h | 0.1116 | +0.010% | $5.8M | $12.1M | 50x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1115 | −0.053% | $311K | $559K | 8x | as long as short |
Coinbase International POL-PERP-INTX
Orderly PERP_POL_USDC
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
ApeX Omni POLUSDT
OKX POL-USDT-SWAP
Lighter POLShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid POL | +0.0100% | 1h | 0.1117 | +0.144% | $7.6M | $4.6M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1115 | −0.038% | $371K | $383K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1116 | +0.010% | $17.0M | $51.9M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1115 | −0.053% | $16.0M | $16.4M | 75x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1116 | +0.054% | $1.9M | $1.4M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1115 | −0.071% | $23.4M | $4.0M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1116 | +0.063% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1117 | +0.090% | $4.1M | $6.0M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1115 | −0.044% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1115 | −0.079% | $658K | $211K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1117 | +0.127% | $1.1M | $3.4M | 10x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1115 | −0.090% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1114 | −0.180% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1116 | +0.019% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1116 | +0.019% | $902K | $168K | 75x | as long as short |
Hyperliquid POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT