S

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1293%/8h= −141.6% APRnext payment −$1.62 per $10,000 · paid last 24h −0.488%

Price spread now: Kraken Futures against Injective−1.926%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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 −$39 a day on $10k at the current rate, and Kraken Futures is 1.926% cheaper against Injective than usual: you would sell low and buy high (−$193 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	Injective S/USDC PERP	0.04100	0.0033	pay 0.0004% / 1h	48m 57s	$2K	$37K	12x
Short	Kraken Futures PF_SUSD	0.04021	−0.1260	pay 0.0158% / 1h	48m 57s	$34K	$23K	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Kraken FuturesbpOrdersPrice spread, now −1.926%Rate

Funding earned: −$271.6
Price spread: −1.926% → 0.000%: −$192.58
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: −$474.21
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Kraken Futures: 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 Injective no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Injective and Kraken Futures: 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.

S 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
01 Exchange SUSD	−0.5896%	1h	0.03840	−6.341%	$24K	$2K	5x	as long as short
Coinbase International S-PERP-INTX	−0.1464%	1h	0.03946	−3.756%	$49K	$5K	25x	as long as short
Kraken Futures PF_SUSDshort	−0.1260%	1h	0.04021	−1.926%	$34K	$23K	10x
Variational Omni S	−0.0587%	4h	0.04005	−2.308%	$623K	$30K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04021	−1.922%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04020	−1.954%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04021	−1.918%	$620	—	150x	as long as short
Injective S/USDC PERPlong	+0.0033%	1h	0.04100	long leg	$2K	$37K	12x
Orderly PERP_S_USDC	+0.0039%	4h	0.04020	−1.951%	$101K	$333K	10x	as long as short
Lighter S	+0.0096%	1h	0.04024	−1.854%	$165K	$165K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04023	−1.885%	$1.0M	$611K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04024	−1.853%	$44K	$137K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04014	−2.104%	$5.5M	$15.4M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04008	−2.244%	$5.7M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04012	−2.146%	$1.0M	$4.4M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04012	−2.146%	$330K	$199K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04012	−2.146%	$3.8M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04016	−2.049%	$1.9M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04012	−2.146%	$1.2M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04012	−2.146%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04000	−2.439%	$26K	$448K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04010	−2.201%	$226K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04024	−1.854%	$272K	$122K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0745%	1h	0.04026	−1.805%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.0911%	1h	0.04030	−1.707%	$117K	$333K	5x	as long as short