Funding you earn now, next payment 03:00 UTC−0.0266%/8h= −29.1% APRnext payment −$0.33 per $10,000 · paid last 24h −0.066%
Price spread now: Injective against Kraken Futures−2.165%7-day average −0.350% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.671%−$67 on $10k
+Price spread, last 4 days (all we have)+2.255%+$225 · spread now −2.165%, 7d avg −0.350%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Injective is 1.815% cheaper against Kraken Futures than usual: you would sell low and buy high (−$182 if the spread goes back to its 7-day average of −0.350%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PYTHUSD | 0.06399 | 0.0299 | pay 0.0037% / 1h | 16m 32s | $390K | $291K | 25x |
| Short | Injective PYTH/USDC PERP | 0.06260 | 0.0033 | get 0.0004% / 1h | 16m 32s | $553 | $220K | 5.5x |
Kraken Futures PF_PYTHUSD
Injective PYTH/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
- −$55.83
- Price spread: −2.165% → −0.350%
- −$181.52
- 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
- −$247.38
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 46 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, 46 min ago | 11.02 bp | 25.1 bp −$25 | 642.1 bp −$6,421 | 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.
PYTH on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0353% | 1h | 0.06402 | +0.059% | $39K | $50K | 10x | as long as short |
| Gate PYTH_USDT | −0.0196% | 4h | 0.06385 | −0.211% | $1.0M | $503K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0032% | 4h | 0.06377 | −0.337% | $354K | $87K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06399 | +0.003% | $190K | $19 | 5x | as long as short |
| MEXC PYTH_USDT | +0.0002% | 4h | 0.06391 | −0.118% | $9.5M | $2.5M | 125x | as long as short |
| Binance PYTHUSDT | +0.0008% | 4h | 0.06387 | −0.177% | $9.2M | $17.8M | 75x | as long as short |
| Aster PYTHUSDT | +0.0027% | 4h | 0.06394 | −0.071% | $20K | $46K | 10x | as long as short |
| Injective PYTH/USDC PERPshort | +0.0033% | 1h | 0.06260 | −2.165% | $553 | $220K | 5.5x | |
| Deribit PYTH_USDC-PERPETUAL | +0.0062% | 1h | 0.06403 | +0.070% | $10K | $10K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06395 | −0.055% | $23K | — | 3x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
BloFin PYTH-USDT
dYdX PYTH-USD
MEXC PYTH_USDT
Binance PYTHUSDT
Aster PYTHUSDT
Deribit PYTH_USDC-PERPETUAL
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06399 | +0.007% | $192K | $204K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06388 | −0.166% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06400 | +0.028% | $2.1M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06391 | −0.118% | $7.6M | $4.7M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06393 | −0.086% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06394 | −0.071% | $1.5M | $342K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06392 | −0.102% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06388 | −0.165% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06367 | −0.496% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06391 | −0.118% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06385 | −0.211% | $40K | $18K | 25x | as long as short |
| Kraken Futures PF_PYTHUSDlong | +0.0299% | 1h | 0.06399 | long leg | $390K | $291K | 25x | |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06385 | −0.214% | — | — | 20x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP