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: Injective against Kraken Futures−5.966%63s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$152 a day on $10k at the current rate, and Injective is 5.966% cheaper against Kraken Futures than usual: you would sell low and buy high (−$597 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 | Kraken Futures PF_SNXUSD | 0.2390 | 0.0081 | pay 0.0010% / 1h | 13m 27s | $143K | $59K | 25x |
| Short | Injective SNX/USDC PERP | 0.2247 | −0.5000 | pay 0.0625% / 1h | 13m 27s | $23K | $29K | 12x |
Kraken Futures PF_SNXUSD
Injective SNX/USDC PERPFunding 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 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: −5.966% → 0.000%
- −$596.57
- 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
- −$1,673.68
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 49 min ago; 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 live order book, 49 min ago | 10.38 bp | 40.9 bp −$41 | 227.6 bp −$2,276 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 PERPshort | −0.5000% | 1h | 0.2247 | −5.966% | $23K | $29K | 12x | |
| Kraken Futures PF_SNXUSDlong | +0.0081% | 1h | 0.2390 | long leg | $143K | $59K | 25x | |
| Hyperliquid SNX | +0.0100% | 1h | 0.2392 | +0.123% | $440K | $153K | 3x | as long as short |
| Aster SNXUSDT | +0.0100% | 8h | 0.2389 | −0.028% | $4K | $3K | 5x | as long as short |
| Binance SNXUSDT | +0.0100% | 8h | 0.2391 | +0.050% | $2.9M | $4.0M | 75x | as long as short |
| Bybit SNXUSDT | +0.0100% | 8h | 0.2390 | +0.019% | $1.6M | $1.3M | 75x | as long as short |
| OKX SNX-USDT-SWAP | +0.0100% | 8h | 0.2386 | −0.149% | $825K | $1.2M | 20x | as long as short |
| Gate SNX_USDT | +0.0100% | 8h | 0.2388 | −0.065% | $239K | $95K | 25x | as long as short |
| MEXC SNX_USDT | +0.0100% | 8h | 0.2391 | +0.061% | $1.7M | $699K | 100x | as long as short |
| KuCoin SNXUSDTM | +0.0100% | 8h | 0.2389 | −0.023% | $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 | 0.2391 | +0.061% | $1.1M | $390K | 50x | as long as short |
| BingX SNX-USDT | +0.0100% | 8h | 0.2389 | −0.023% | — | $2.3M | — | as long as short |
| Variational Omni SNX | +0.0100% | 8h | 0.2393 | +0.146% | $12K | $4K | — | as long as short |
| SunX SNX-USDT | +0.0100% | 8h | 0.2381 | −0.358% | $2K | $1.4M | 20x | as long as short |
| BloFin SNX-USDT | +0.0129% | 8h | 0.2388 | −0.065% | $152K | $68K | 75x | as long as short |
Bitget SNXUSDT
BingX SNX-USDT
Variational Omni SNX
SunX SNX-USDT
BloFin SNX-USDT