Funding you earn now, next payment 23:00 UTC−0.0636%/8h= −69.6% APRnext payment −$0.79 per $10,000 · paid last 24h −0.069%
Price spread now: Kraken Futures against Injective−0.219%63s7-day average +1.994% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 3 days (all we have)+3.132%+$313 · spread now −0.219%, 7d avg +1.994%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Kraken Futures is 2.212% cheaper against Injective than usual: you would sell low and buy high (−$221 if the spread goes back to its 7-day average of +1.994%). 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 0.043% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.79 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 STX/USDC PERP | 0.3463 | −0.0090 | get 0.0011% / 1h | 35m 59s | $4K | $264K | 12x |
| Short | Kraken Futures PF_STXUSD | 0.3455 | −0.0726 | pay 0.0091% / 1h | 35m 59s | $76K | $159K | 20x |
Injective STX/USDC PERP
Kraken Futures PF_STXUSDFunding 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
- −$133.5
- Price spread: −0.219% → +1.994%
- −$221.23
- 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
- −$364.75
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 46 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, 46 min ago | 22.41 bp | 38.7 bp −$39 | doesn't fit | 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.
STX on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STXUSDshort | −0.0726% | 1h | 0.3455 | −0.219% | $76K | $159K | 20x | |
| Variational Omni STX | −0.0486% | 8h | 0.3455 | −0.228% | $819K | $306K | — | as long as short |
| Injective STX/USDC PERPlong | −0.0090% | 1h | 0.3463 | long leg | $4K | $264K | 12x | |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3462 | −0.029% | — | — | 150x | as long as short |
| Hyperliquid STX | +0.0100% | 1h | 0.3463 | +0.014% | $1.5M | $1.0M | 5x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3461 | −0.043% | $129K | $67K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3459 | −0.104% | $8.1M | $19.9M | 75x | as long as short |
| Bybit STXUSDT | +0.0100% | 8h | 0.3454 | −0.260% | $8.8M | $7.4M | 75x | as long as short |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3460 | −0.087% | $2.4M | $6.6M | 20x | as long as short |
| Gate STX_USDT | +0.0100% | 8h | 0.3454 | −0.260% | $604K | $441K | 50x | as long as short |
Variational Omni STX
gTrade (Gains Network) STX/USD
Hyperliquid STX
Aster STXUSDT
Binance STXUSDT
Bybit STXUSDT
OKX STX-USDT-SWAP
Gate STX_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC STX_USDT | +0.0100% | 8h | 0.3460 | −0.087% | $6.4M | $1.4M | 50x | as long as short |
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3462 | −0.029% | $2.5M | $1.7M | 50x | as long as short |
| Bitget STXUSDT | +0.0100% | 8h | 0.3454 | −0.260% | $5.0M | $1.8M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3457 | −0.173% | — | $15.8M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3464 | +0.029% | $58K | $678K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3459 | −0.111% | $182K | $585K | 10x | as long as short |
| BloFin STX-USDT | +0.0126% | 8h | 0.3458 | −0.144% | $430K | $237K | 20x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0191% / S −0.0313% | 1h | 0.3465 | +0.070% | $5K | — | 100x | as long as short |
MEXC STX_USDT
KuCoin STXUSDTM
Bitget STXUSDT
BingX STX-USDT
ApeX Omni STXUSDT
Extended STX-USD
BloFin STX-USDT
GMX STX/USD [WBTC.b-USDC]