Funding you earn now, next payment 05:00 UTC−0.5274%/8h= −577.5% APRnext payment −$6.59 per $10,000 · paid last 24h −1.200%
Price spread now: Injective against Kraken Futures−0.889%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+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 −$158 a day on $10k at the current rate, and Injective is 0.889% cheaper against Kraken Futures than usual: you would sell low and buy high (−$89 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_USUALUSD | 0.01403 | 0.0274 | pay 0.0034% / 1h | 56m 41s | $111K | $21K | 10x |
| Short | Injective USUAL/USDC PERP | 0.01391 | −0.5000 | pay 0.0625% / 1h | 56m 41s | $6K | $3K | 5.5x |
Kraken Futures PF_USUALUSD
Injective USUAL/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
- −$1,107.62
- Price spread: −0.889% → 0.000%
- −$88.85
- 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
- −$1,206.49
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 60 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, 60 min ago | 42.53 bp | 47.5 bp −$48 | 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.
USUAL on 11 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 USUAL/USDC PERPshort | −0.5000% | 1h | 0.01391 | −0.889% | $6K | $3K | 5.5x | |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01405 | +0.109% | $405K | $183K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01402 | −0.084% | $2.3M | $3.3M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01405 | +0.138% | $1.1M | $806K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01405 | +0.109% | $949K | $110K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01402 | −0.098% | $6.2M | $238K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01404 | +0.038% | $259K | $62K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01404 | +0.038% | $833K | $393K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01403 | −0.005% | — | $1.2M | — | as long as short |
| Variational Omni USUAL | +0.0100% | 4h | 0.01408 | +0.344% | $11K | $1K | — | as long as short |
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDT
Variational Omni USUALShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_USUALUSDlong | +0.0274% | 1h | 0.01403 | long leg | $111K | $21K | 10x |