Funding you earn now, next payment 23:00 UTC+0.0636%/8h= +69.7% APRnext payment +$0.80 per $10,000 · paid last 24h +0.069%
Price spread now: Injective against Kraken Futures+0.278%7-day average −1.994% · you sell dearer than you buy
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)−3.192%−$319 · spread now +0.278%, 7d avg −1.994%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Injective is 2.272% dearer against Kraken Futures than usual: you sell high and buy low: +$227 more if the spread goes back to its 7-day average of −1.994%.
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 +$0.80 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_STXUSD | 0.3453 | −0.0726 | get 0.0091% / 1h | 35m 02s | $76K | $159K | 20x |
| Short | Injective STX/USDC PERP | 0.3463 | −0.0090 | pay 0.0011% / 1h | 35m 02s | $4K | $264K | 12x |
Kraken Futures PF_STXUSD
Injective STX/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
- $133.59
- Price spread: +0.278% → −1.994%
- $227.18
- 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
- $350.75
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 47 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, 47 min ago | 22.41 bp | 30.4 bp −$30 | doesn't fit | 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.
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_STXUSDlong | −0.0726% | 1h | 0.3453 | long leg | $76K | $159K | 20x | |
| Variational Omni STX | −0.0484% | 8h | 0.3452 | −0.037% | $820K | $306K | — | as long as short |
| Injective STX/USDC PERPshort | −0.0090% | 1h | 0.3463 | +0.278% | $4K | $264K | 12x | |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3453 | +0.002% | — | — | 150x | as long as short |
| Hyperliquid STX | +0.0100% | 1h | 0.3459 | +0.171% | $1.5M | $1.0M | 5x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3456 | +0.076% | $129K | $67K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3455 | +0.051% | $8.1M | $19.9M | 75x | as long as short |
| Bybit STXUSDT | +0.0100% | 8h | 0.3449 | −0.127% | $8.8M | $7.4M | 75x | as long as short |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3453 | −0.011% | $2.4M | $6.6M | 20x | as long as short |
| Gate STX_USDT | +0.0100% | 8h | 0.3451 | −0.069% | $604K | $442K | 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 | 0.3454 | +0.018% | $6.3M | $1.4M | 50x | as long as short |
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3453 | −0.011% | $2.5M | $1.7M | 50x | as long as short |
| Bitget STXUSDT | +0.0100% | 8h | 0.3449 | −0.127% | $5.0M | $1.8M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3454 | +0.018% | — | $15.8M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3464 | +0.307% | $58K | $678K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3455 | +0.033% | $182K | $585K | 10x | as long as short |
| BloFin STX-USDT | +0.0124% | 8h | 0.3452 | −0.040% | $430K | $236K | 20x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0191% / S −0.0313% | 1h | 0.3458 | +0.138% | $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]