Funding you earn now, next payment 03:00 UTC+0.5081%/8h= +556.4% APRnext payment +$6.35 per $10,000 · paid last 24h +0.756%
Price spread now: Kraken Futures against Injective+6.344%63s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.155%+$116 on $10k
+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 +$152 a day on $10k at the current rate, and Kraken Futures is 6.344% dearer against Injective than usual: you sell high and buy low: +$634 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.155% in total (about 60.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective SNX/USDC PERP | 0.2247 | −0.5000 | get 0.0625% / 1h | 13m 35s | $23K | $29K | 12x |
| Short | Kraken Futures PF_SNXUSD | 0.2390 | 0.0081 | get 0.0010% / 1h | 13m 35s | $143K | $59K | 25x |
Injective SNX/USDC PERP
Kraken Futures PF_SNXUSDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $1,067.09
- Price spread: +6.344% → 0.000%
- $634.42
- 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
- $1,691.49
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 49 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 Kraken Futures live order book, 49 min ago | 10.38 bp | 33.3 bp −$33 | 79.3 bp −$793 | 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.
SNX on 15 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 SNX/USDC PERPlong | −0.5000% | 1h | 0.2247 | long leg | $23K | $29K | 12x | |
| Kraken Futures PF_SNXUSDshort | +0.0081% | 1h | 0.2390 | +6.344% | $143K | $59K | 25x | |
| Hyperliquid SNX | +0.0100% | 1h | 0.2390 | +6.346% | $439K | $153K | 3x | as long as short |
| Aster SNXUSDT | +0.0100% | 8h | 0.2389 | +6.314% | $4K | $3K | 5x | as long as short |
| Binance SNXUSDT | +0.0100% | 8h | 0.2389 | +6.325% | $2.9M | $4.0M | 75x | as long as short |
| Bybit SNXUSDT | +0.0100% | 8h | 0.2389 | +6.320% | $1.6M | $1.3M | 75x | as long as short |
| OKX SNX-USDT-SWAP | +0.0100% | 8h | 0.2389 | +6.320% | $824K | $1.2M | 20x | as long as short |
| Gate SNX_USDT | +0.0100% | 8h | 0.2386 | +6.186% | $238K | $95K | 25x | as long as short |
| MEXC SNX_USDT | +0.0100% | 8h | 0.2388 | +6.275% | $1.7M | $699K | 100x | as long as short |
| KuCoin SNXUSDTM | +0.0100% | 8h | 0.2390 | +6.364% | $720K | $2.0M | 30x | as long as short |
Hyperliquid SNX
Aster SNXUSDT
Binance SNXUSDT
Bybit SNXUSDT
OKX SNX-USDT-SWAP
Gate SNX_USDT
MEXC SNX_USDT
KuCoin SNXUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SNXUSDT | +0.0100% | 8h | 0.2389 | +6.320% | $1.1M | $390K | 50x | as long as short |
| BingX SNX-USDT | +0.0100% | 8h | 0.2390 | +6.364% | — | $2.3M | — | as long as short |
| Variational Omni SNX | +0.0100% | 8h | 0.2393 | +6.499% | $12K | $4K | — | as long as short |
| SunX SNX-USDT | +0.0100% | 8h | 0.2381 | +5.964% | $2K | $1.4M | 20x | as long as short |
| BloFin SNX-USDT | +0.0129% | 8h | 0.2388 | +6.275% | $152K | $68K | 75x | as long as short |
Bitget SNXUSDT
BingX SNX-USDT
Variational Omni SNX
SunX SNX-USDT
BloFin SNX-USDT