Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.008%
Price spread now: KuCoin against Injective−0.195%85s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. KuCoin is 0.195% cheaper against Injective than usual: you would sell low and buy high (spread −0.195% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 9.8 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.028% in total) that is about 49 days. The two prices were read 85 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 S/USDC PERP | 0.04100 | 0.0033 | pay 0.0004% / 1h | 37m 48s | $2K | $37K | 12x |
| Short | KuCoin SUSDTM | 0.04092 | 0.0100 | get 0.0050% / 4h | 1h 37m | $1.9M | $2.7M | 50x |
Injective S/USDC PERP
KuCoin SUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $14
- Price spread: −0.195% → 0.000%
- −$19.51
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$17.53
- Costs to cover
- 0.120%
- Break-even
- 15.8 days
Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago | 3.67 bp | 91.2 bp −$91 | 213.1 bp −$2,131 | 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.
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 | −1.0968% | 1h | 0.03940 | −3.902% | $24K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.1679% | 1h | 0.04093 | −0.171% | $34K | $16K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1456% | 1h | 0.04022 | −1.902% | $48K | $16K | 25x | as long as short |
| Variational Omni S | −0.0307% | 4h | 0.04079 | −0.519% | $635K | $30K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04096 | −0.100% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04093 | −0.164% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04097 | −0.075% | $2K | — | 150x | as long as short |
| Injective S/USDC PERPlong | +0.0033% | 1h | 0.04100 | long leg | $2K | $37K | 12x | |
| Orderly PERP_S_USDC | +0.0067% | 4h | 0.04095 | −0.122% | $102K | $332K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04099 | −0.024% | $171K | $156K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Orderly PERP_S_USDC
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04099 | −0.024% | $1.0M | $553K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04098 | −0.055% | $45K | $133K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04097 | −0.083% | $5.7M | $13.9M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04091 | −0.220% | $5.8M | $4.5M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04094 | −0.146% | $1.1M | $4.0M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04094 | −0.146% | $336K | $200K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04096 | −0.098% | $3.9M | $1.8M | 200x | as long as short |
| KuCoin SUSDTMshort | +0.0100% | 4h | 0.04092 | −0.195% | $1.9M | $2.7M | 50x | |
| Bitget SUSDT | +0.0100% | 4h | 0.04098 | −0.049% | $1.2M | $2.1M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04093 | −0.171% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04100 | 0.000% | $25K | $447K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04095 | −0.119% | $230K | $1.1M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04101 | +0.024% | $281K | $111K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0483% | 1h | 0.04098 | −0.049% | $69K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.1568% | 1h | 0.04110 | +0.244% | $121K | $363K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP