Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.036%
Price spread now: Injective against KuCoin+1.768%55s7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Injective is 1.768% dearer against KuCoin than usual: you sell high and buy low (spread +1.768% now, against zero (this spread has no 7-day history yet)): +$177 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin WUSDTM | 0.01188 | 0.0100 | pay 0.0050% / 4h | 2h 24m | $450K | $221K | 50x |
| Short | Injective W/USDC PERP | 0.01209 | 0.0033 | get 0.0004% / 1h | 24m 26s | $1K | $1K | 12x |
KuCoin WUSDTM
Injective W/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against KuCoin. 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
- −$14
- Price spread: +1.768% → 0.000%
- $176.77
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $150.75
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: KuCoin: live order book, 13 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 KuCoin live order book, 13 min ago | 16.88 bp | 152.4 bp −$152 | 310.4 bp −$3,104 | 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 | −0.0339% | 1h | 0.01188 | −0.008% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERPshort | +0.0033% | 1h | 0.01209 | +1.768% | $1K | $1K | 12x | |
| Hyperliquid W | +0.0100% | 1h | 0.01186 | −0.168% | $2.0M | $393K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01185 | −0.215% | $3.0M | $6.6M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01185 | −0.244% | $4.1M | $1.9M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01184 | −0.303% | $1.3M | $1.9M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01185 | −0.210% | $448K | $264K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01185 | −0.210% | $12.8M | $1.4M | 50x | as long as short |
| KuCoin WUSDTMlong | +0.0100% | 4h | 0.01188 | long leg | $450K | $221K | 50x | |
| Bitget WUSDT | +0.0100% | 4h | 0.01185 | −0.253% | $1.3M | $576K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01186 | −0.185% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01186 | −0.155% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01186 | −0.168% | $123K | $405K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01187 | −0.116% | $60K | $239K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0360% | 1h | 0.01189 | +0.059% | $14K | $16K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0458% | 1h | 0.01189 | +0.126% | $44K | $47K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.1528% | 1h | 0.01191 | +0.223% | $148K | $180K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD