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: Injective against Kraken Futures+1.964%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Injective

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 for this trade now. Funding pays +$39 a day on $10k at the current rate, and Injective is 1.964% dearer against Kraken Futures than usual: you sell high and buy low: +$196 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SUSD	0.04021	−0.1260	get 0.0158% / 1h	48m 46s	$34K	$23K	10x
Short	Injective S/USDC PERP	0.04100	0.0033	get 0.0004% / 1h	48m 46s	$2K	$37K	12x

Funding 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 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 Kraken FuturesbpFee InjectivebpOrdersPrice spread, now +1.964%Rate

Funding earned: $271.6
Price spread: +1.964% → 0.000%: $196.37
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: $457.95
Costs to cover: 0.100%
Break-even: from the start

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

Kraken Futures and 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	−0.5896%	1h	0.03840	−4.502%	$24K	$2K	5x	as long as short
Coinbase International S-PERP-INTX	−0.1464%	1h	0.03946	−1.866%	$49K	$5K	25x	as long as short
Kraken Futures PF_SUSDlong	−0.1260%	1h	0.04021	long leg	$34K	$23K	10x
Variational Omni S	−0.0587%	4h	0.04005	−0.389%	$623K	$30K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04021	+0.004%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04020	−0.029%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04021	+0.008%	$620	—	150x	as long as short
Injective S/USDC PERPshort	+0.0033%	1h	0.04100	+1.964%	$2K	$37K	12x
Orderly PERP_S_USDC	+0.0039%	4h	0.04020	−0.026%	$101K	$333K	10x	as long as short
Lighter S	+0.0096%	1h	0.04015	−0.150%	$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	0.04011	−0.237%	$1.0M	$611K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04017	−0.100%	$44K	$137K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04014	−0.178%	$5.5M	$15.4M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04005	−0.399%	$5.7M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04005	−0.399%	$1.0M	$4.4M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04010	−0.275%	$330K	$199K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04011	−0.250%	$3.8M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04014	−0.175%	$1.9M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04007	−0.349%	$1.2M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04005	−0.399%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04000	−0.523%	$26K	$448K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04003	−0.448%	$225K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04024	+0.074%	$272K	$122K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0745%	1h	0.04026	+0.123%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.0911%	1h	0.04030	+0.223%	$117K	$333K	5x	as long as short