Funding you earn now, next payment 00:00 UTC−0.3237%/8h= −354.5% APRnext payment −$4.05 per $10,000 · paid last 24h −1.266%
Price spread now: Injective against Kraken Futures−0.747%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−4.081%−$408 on $10k
+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 −$97 a day on $10k at the current rate, and Injective is 0.747% cheaper against Kraken Futures than usual: you would sell low and buy high (−$75 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_POPCATUSD | 0.05600 | −0.0971 | get 0.0121% / 1h | 46m 53s | $148K | $118K | 20x |
| Short | Injective POPCAT/USDC PERP | 0.05558 | −0.4208 | pay 0.0526% / 1h | 46m 53s | $3K | $2K | 5.5x |
Kraken Futures PF_POPCATUSD
Injective POPCAT/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
- −$679.84
- Price spread: −0.747% → 0.000%
- −$74.71
- 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
- −$764.56
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 30 min ago; 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 live order book, 30 min ago | 24.60 bp | 50.0 bp −$50 | 7244.9 bp −$72.4K | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 PERPshort | −0.4208% | 1h | 0.05558 | −0.747% | $3K | $2K | 5.5x | |
| Kraken Futures PF_POPCATUSDlong | −0.0971% | 1h | 0.05600 | long leg | $148K | $118K | 20x | |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05611 | +0.204% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05610 | +0.182% | $101K | $46K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05619 | +0.349% | $2.4M | $6.4M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05604 | +0.074% | $8.9M | $5.9M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05618 | +0.324% | $701K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05620 | +0.360% | $429K | $634K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05614 | +0.253% | $1.9M | $926K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05611 | +0.199% | $1.1M | $979K | 50x | as long as short |
Reya POPCATRUSDPERP
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 | 0.05605 | +0.092% | $1.2M | $885K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05601 | +0.021% | — | $6.8M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05550 | −0.893% | $510K | $175K | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05570 | −0.533% | $23K | $647K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05612 | +0.221% | $99K | $440K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0232% | 4h | 0.05643 | +0.772% | $254K | $482K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05634 | +0.610% | $123K | $290K | 50x | as long as short |
| Hyperliquid POPCAT | +0.0603% | 1h | 0.05618 | +0.324% | $2.6M | $1.0M | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDT
Variational Omni POPCAT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
BloFin POPCAT-USDT
Hyperliquid POPCAT