Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5292 | +0.4714 | pay 0.0589% / 1h | 9m 32s | $999 | $4K | 5x | Long Injective | |
| SHORT | 0.5332 | +0.1944 | get 0.0243% / 1h | 9m 32s | $62K | $83K | 20x | Short Kraken Futures |
Price gap+0.762%63s
Funding gap−0.2770% /8h
The gap pays +$76 on $10k if it goes back to zero (no 7-day history yet), but funding costs $83 a day and eats that in about 22 hours.
The two prices were read 63 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding—−0.2770% /8h now · no funding history yet
Price—spread +0.762%63s now · prices read too far apart to compare
Costsno datano order book for Injective and Kraken Futures
Result, before costs—no pointsneeds funding history
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Kraken Futures price against Injectivenow
RANGE STATS · 7D
Now+0.762%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPONS on 31 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Note: Order book unknown—No order-book sample for Injective and Kraken Futures: its slippage is not counted.
- Note: Margin at max leverage$2,000 + $500Injective 5x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$83.11Long Injective: 24 payments, −$141.43; short Kraken Futures: 24 payments, +$58.32.
- Watch: Prices read 63 s apart+0.762% vs —Part of this gap may be the market moving.
- Watch: Long leg is thinner$999 vs $62K OIInjective sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCInjective No · Kraken Futures YesFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earnedno history yet: current rate−$581.76
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Injective and Kraken Futures—
Fee Injective bp × 2 orders−$0.02
Fee Kraken Futures bp × 2 orders−$10.00
Net, fees only · 7 days · $10k−$591.78
price spread not counted: prices read too far apartCosts to cover0.100%Break-evennever at this rate
Slippage: Injective: no order-book sample; Kraken Futures: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGInjective—————
SELL · SHORTKraken Futures—————
Closing costs about the same again.
Injective and Kraken Futures: no data.
| 09-29 11:00 | gTrade (Gains Network) | Listing | PONS/USD no longer reported ($PONS) seen by our collector |
| 09-29 02:27 | Arcus | Listing | $PONS perpetuals are now live on Arcus. Up to 4x leverage. @arcus_xyz on X ↗ |
| 09-28 19:23 | Arcus | Listing | new market PONS-USD ($PONS) seen by our collector |
| 09-25 11:16 | Kraken Futures | Listing | new market PF_PONSUSD ($PONS) seen by our collector |
| 09-22 17:11 | Avantis | Listing | new market PONS/USD ($PONS) seen by our collector |
| 09-22 13:03 | Bybit | Other | 📣 $PONS is officially listed on #BybitSpot with @ponsdotfamily! Pons is a token launchpad on the Robinhood blockchain, where users can pair tokens with Stock Tokens, ETH, USDG, and more. Tokens are launched through a "fair launch" process with a bonding curve. @Bybit_Official on X ↗ |
gTrade (Gains Network)
Arcus
Avantis
Bybit