Funding you earn now, next payment 02:00 UTC+0.5769%/8h= +631.7% APRnext payment +$7.21 per $10,000 · paid last 24h −0.060%
Price spread now: Kraken Futures against Injective−1.088%63s7-day average +0.620% · 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)+0.411%+$41 on $10k
+Price spread, last 3 days (all we have)+1.853%+$185 · spread now −1.088%, 7d avg +0.620%
=Funding pays, the price is against you. Kraken Futures is 1.708% cheaper against Injective than usual: you would sell low and buy high (spread −1.088% now, against its 7-day average of +0.620%). If the spread goes back, that is −$171 on $10k: about 24 hours of funding at the current rate (+$173 a day). At the pace of the last 4 days (+0.411% in total) that is about 17 days. 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 4 days it paid 0.411% in total (about 37.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.21 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 VET/USDC PERP | 0.009180 | 0.0033 | pay 0.0004% / 1h | 21m 46s | $7 | $152K | 12x |
| Short | Kraken Futures PF_VETUSD | 0.009080 | 0.5802 | get 0.0725% / 1h | 21m 46s | $130K | $117K | 10x |
Injective VET/USDC PERP
Kraken Futures PF_VETUSDFunding 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
- $1,211.52
- Price spread: −1.088% → +0.620%
- −$170.8
- 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
- $1,030.7
- Costs to cover
- 0.100%
- Break-even
- 1.0 days
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 45 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, 45 min ago | 29.87 bp | 776.3 bp −$776 | 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.
VET 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) VET/USD | L −0.0001% / S +0.0006% | 1h | 0.009068 | −1.220% | $4K | — | 150x | as long as short |
| Injective VET/USDC PERPlong | +0.0033% | 1h | 0.009180 | long leg | $7 | $152K | 12x | |
| Binance VETUSDT | +0.0100% | 8h | 0.009066 | −1.239% | $6.3M | $15.2M | 75x | as long as short |
| Bybit VETUSDT | +0.0100% | 8h | 0.009056 | −1.351% | $6.0M | $4.0M | 75x | as long as short |
| Gate VET_USDT | +0.0100% | 8h | 0.009070 | −1.198% | $501K | $218K | 25x | as long as short |
| MEXC VET_USDT | +0.0100% | 8h | 0.009063 | −1.275% | $8.1M | $1.3M | 125x | as long as short |
| KuCoin VETUSDTM | +0.0100% | 8h | 0.009072 | −1.176% | $4.9M | $4.0M | 50x | as long as short |
| Bitget VETUSDT | +0.0100% | 8h | 0.009062 | −1.285% | $4.9M | $1.9M | 50x | as long as short |
| BingX VET-USDT | +0.0100% | 8h | 0.009062 | −1.285% | — | $2.5M | — | as long as short |
| Variational Omni VET | +0.0100% | 8h | 0.009068 | −1.220% | $28K | $410 | — | as long as short |
gTrade (Gains Network) VET/USD
Binance VETUSDT
Bybit VETUSDT
Gate VET_USDT
MEXC VET_USDT
KuCoin VETUSDTM
Bitget VETUSDT
BingX VET-USDT
Variational Omni VETShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_VETUSDshort | +0.5802% | 1h | 0.009080 | −1.088% | $130K | $117K | 10x |