W

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0364%/8h= −39.8% APRnext payment −$0.45 per $10,000 · paid last 24h −0.021%

Price spread now: Injective against Kraken Futures+2.494%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Injective

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. Injective is 2.494% dearer against Kraken Futures than usual: you sell high and buy low (spread +2.494% now, against zero (this spread has no 7-day history yet)): +$249 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WUSD	0.01180	0.0397	pay 0.0050% / 1h	36m 32s	$146K	$185K	20x
Short	Injective W/USDC PERP	0.01209	0.0033	get 0.0004% / 1h	36m 32s	$1K	$1K	12x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee InjectivebpOrdersPrice spread, now +2.494%Rate

Funding earned: −$76.37
Price spread: +2.494% → 0.000%: $249.4
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: $163.01
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 46 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, 46 min ago	31.42 bp	191.0 bp −$191	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.

W on 17 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
Deribit W_USDC-PERPETUAL	−0.0684%	1h	0.01177	−0.210%	$17K	$1K	10x	as long as short
OKX W-USDT-SWAP	−0.0028%	4h	0.01175	−0.405%	$1.3M	$2.1M	20x	as long as short
Injective W/USDC PERPshort	+0.0033%	1h	0.01209	+2.494%	$1K	$1K	12x
Hyperliquid W	+0.0100%	1h	0.01175	−0.388%	$2.0M	$433K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01174	−0.446%	$2.9M	$7.0M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01175	−0.422%	$4.1M	$2.0M	50x	as long as short
Gate W_USDT	+0.0100%	4h	0.01177	−0.253%	$446K	$291K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01174	−0.448%	$12.8M	$1.4M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01177	−0.219%	$482K	$245K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01177	−0.219%	$1.3M	$577K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01175	−0.388%	—	$6.9M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01176	−0.307%	$71K	$42K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01177	−0.211%	$129K	$419K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01175	−0.416%	$59K	$276K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0240%	1h	0.01180	+0.078%	$14K	$18K	50x	as long as short
Backpack W_USDC_PERP	+0.0353%	1h	0.01178	−0.151%	$44K	$47K	15x	as long as short
Kraken Futures PF_WUSDlong	+0.0397%	1h	0.01180	long leg	$146K	$185K	20x