Funding you earn now, next payment 05:00 UTC+0.5372%/8h= +588.2% APRnext payment +$6.71 per $10,000 · paid last 24h +1.230%
Price spread now: Kraken Futures against Injective+1.517%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+4.367%+$437 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 +$161 a day on $10k at the current rate, and Kraken Futures is 1.517% dearer against Injective than usual: you sell high and buy low: +$152 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective POPCAT/USDC PERP | 0.05579 | −0.4864 | get 0.0608% / 1h | 52m 12s | $3K | $2K | 5.5x |
| Short | Kraken Futures PF_POPCATUSD | 0.05664 | 0.0508 | get 0.0063% / 1h | 52m 12s | $151K | $146K | 20x |
Injective POPCAT/USDC PERP
Kraken Futures PF_POPCATUSDFunding 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
- $1,128.1
- Price spread: +1.517% → 0.000%
- $151.71
- 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
- $1,269.79
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 65 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 Injective no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 65 min ago | 22.38 bp | 64.3 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
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.
POPCAT on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POPCAT/USDC PERPlong | −0.4864% | 1h | 0.05579 | long leg | $3K | $2K | 5.5x | |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05666 | +1.552% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0106% | 4h | 0.05630 | +0.905% | $508K | $162K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05666 | +1.559% | $102K | $51K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05672 | +1.667% | $2.4M | $7.1M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05660 | +1.452% | $8.9M | $6.4M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05668 | +1.595% | $701K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05660 | +1.452% | $445K | $630K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05670 | +1.631% | $1.8M | $968K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05661 | +1.470% | $1.1M | $979K | 50x | as long as short |
Reya POPCATRUSDPERP
Variational Omni POPCAT
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05660 | +1.452% | $1.2M | $936K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05663 | +1.506% | — | $1.6M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05649 | +1.255% | $252K | $502K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05660 | +1.452% | $22K | $655K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05666 | +1.553% | $96K | $523K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05659 | +1.434% | $127K | $328K | 50x | as long as short |
| Kraken Futures PF_POPCATUSDshort | +0.0508% | 1h | 0.05664 | +1.517% | $151K | $146K | 20x | |
| Hyperliquid POPCAT | +0.0621% | 1h | 0.05677 | +1.749% | $2.6M | $1.0M | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDC
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT
Hyperliquid POPCAT