Funding you earn now, next payment 04:00 UTC+0.5100%/8h= +558.5% APRpaid last 24h +0.415%
Price spread now: KuCoin against Injective+6.225%70s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.556%+$56 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 +$153 a day on $10k at the current rate, and KuCoin is 6.225% dearer against Injective than usual: you sell high and buy low: +$622 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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 0.556% in total (about 29.0% a year). A funding rate is set anew for every payment. 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 | 0.2233 | −0.5000 | get 0.0625% / 1h | 25m 58s | $23K | $29K | 12x |
| Short | KuCoin SNXUSDTM | 0.2372 | 0.0100 | get 0.0100% / 8h | 4h 25m | $668K | $2.0M | 30x |
Injective SNX/USDC PERP
KuCoin SNXUSDTMFunding 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
- $1,071
- Price spread: +6.225% → 0.000%
- $622.48
- 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
- $1,681.46
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 5 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, 5 min ago | 2.11 bp | 62.2 bp −$62 | 161.6 bp −$1,616 | 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 | 0.2233 | long leg | $23K | $29K | 12x | |
| BloFin SNX-USDT | +0.0085% | 8h | 0.2373 | +6.270% | $151K | $68K | 75x | as long as short |
| Hyperliquid SNX | +0.0100% | 1h | 0.2375 | +6.355% | $434K | $155K | 3x | as long as short |
| Aster SNXUSDT | +0.0100% | 8h | 0.2371 | +6.173% | $4K | $3K | 5x | as long as short |
| Binance SNXUSDT | +0.0100% | 8h | 0.2372 | +6.225% | $2.9M | $4.2M | 75x | as long as short |
| Bybit SNXUSDT | +0.0100% | 8h | 0.2372 | +6.225% | $1.6M | $1.3M | 75x | as long as short |
| OKX SNX-USDT-SWAP | +0.0100% | 8h | 0.2371 | +6.180% | $846K | $1.3M | 20x | as long as short |
| Gate SNX_USDT | +0.0100% | 8h | 0.2370 | +6.135% | $238K | $96K | 25x | as long as short |
| MEXC SNX_USDT | +0.0100% | 8h | 0.2371 | +6.180% | $1.7M | $717K | 100x | as long as short |
| KuCoin SNXUSDTMshort | +0.0100% | 8h | 0.2372 | +6.225% | $668K | $2.0M | 30x |
BloFin SNX-USDT
Hyperliquid SNX
Aster SNXUSDT
Binance SNXUSDT
Bybit SNXUSDT
OKX SNX-USDT-SWAP
Gate SNX_USDT
MEXC SNX_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SNXUSDT | +0.0100% | 8h | 0.2372 | +6.225% | $1.1M | $394K | 50x | as long as short |
| BingX SNX-USDT | +0.0100% | 8h | 0.2370 | +6.135% | — | $2.3M | — | as long as short |
| Variational Omni SNX | +0.0100% | 8h | 0.2371 | +6.160% | $12K | $4K | — | as long as short |
| SunX SNX-USDT | +0.0100% | 8h | 0.2364 | +5.867% | $2K | $1.4M | 20x | as long as short |
| Kraken Futures PF_SNXUSD | +0.0355% | 1h | 0.2373 | +6.256% | $142K | $60K | 25x | as long as short |
Bitget SNXUSDT
BingX SNX-USDT
Variational Omni SNX
SunX SNX-USDT
Kraken Futures PF_SNXUSD