Funding you earn now, next payment 09:00 UTC+0.3731%/8h= +408.5% APRnext payment +$4.66 per $10,000 · paid last 24h +0.597%
Price spread now: Injective against Kraken Futures+11.525%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.555%+$156 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$112 a day on $10k at the current rate, and Injective is 11.525% dearer against Kraken Futures than usual: you sell high and buy low: +$1,152 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.555% in total (about 81.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.66 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_ZETAUSD | 0.05792 | −0.3698 | get 0.0462% / 1h | 38m 47s | $56K | $616K | 10x |
| Short | Injective ZETA/USDC PERP | 0.06460 | 0.0033 | get 0.0004% / 1h | 38m 47s | $1K | $1K | 5.5x |
Kraken Futures PF_ZETAUSD
Injective ZETA/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
- $783.51
- Price spread: +11.525% → 0.000%
- $1,152.48
- 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
- $1,925.98
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 59 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, 59 min ago | 48.55 bp | 67.7 bp −$68 | 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.
ZETA on 13 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_ZETAUSDlong | −0.3698% | 1h | 0.05792 | long leg | $56K | $616K | 10x | |
| Bybit ZETAUSDT | −0.2134% | 4h | 0.05787 | −0.094% | $4.7M | $77.4M | 25x | as long as short |
| Gate ZETA_USDT | −0.1900% | 4h | 0.05787 | −0.094% | $580K | $7.1M | 25x | as long as short |
| Variational Omni ZETA | −0.1615% | 4h | 0.05810 | +0.295% | $120K | $585K | — | as long as short |
| BloFin ZETA-USDT | −0.1080% | 4h | 0.05801 | +0.148% | $356K | $1.2M | 50x | as long as short |
| Binance ZETAUSDT | −0.1047% | 4h | 0.05788 | −0.077% | $7.5M | $288.7M | 50x | as long as short |
| MEXC ZETA_USDT | −0.1024% | 4h | 0.05787 | −0.094% | $1.2M | $9.8M | 50x | as long as short |
| OKX ZETA-USDT-SWAP | −0.0698% | 4h | 0.05787 | −0.094% | $1.1M | $40.5M | 20x | as long as short |
| KuCoin ZETAUSDTM | −0.0602% | 4h | 0.05788 | −0.077% | $962K | $4.5M | 20x | as long as short |
| Hyperliquid ZETA | −0.0117% | 1h | 0.05787 | −0.094% | $1.6M | $3.0M | 3x | as long as short |
Bybit ZETAUSDT
Gate ZETA_USDT
Variational Omni ZETA
BloFin ZETA-USDT
Binance ZETAUSDT
MEXC ZETA_USDT
OKX ZETA-USDT-SWAP
KuCoin ZETAUSDTM
Hyperliquid ZETAShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ZETA/USDC PERPshort | +0.0033% | 1h | 0.06460 | +11.525% | $1K | $1K | 5.5x | |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.05788 | −0.077% | $2.5M | $56.8M | 50x | as long as short |
| BingX ZETA-USDT | +0.0100% | 4h | 0.05795 | +0.044% | — | $7.2M | — | as long as short |
Bitget ZETAUSDT
BingX ZETA-USDT