GBP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0220%/8h= −24.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.066%

Price spread now: Kraken Futures against Injective−2.686%63s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Kraken Futures

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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Kraken Futures is 2.686% cheaper against Injective than usual: you would sell low and buy high (−$269 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 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	Injective GBPUSD/USDC PERP	1.3750	0.0220	pay 0.0028% / 1h	49m 51s	$12K	$73K	101x
Short	Kraken Futures PF_GBPUSD	1.3380	0	get 0.0000% / 1h	49m 51s	$991	—	20x

Funding 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 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 InjectivebpFee Kraken FuturesbpOrdersPrice spread, now −2.686%Rate

Funding earned: −$46.2
Price spread: −2.686% → 0.000%: −$268.63
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: −$324.85
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Kraken Futures: 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 Injective no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Injective and Kraken Futures: 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.

GBP 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
Nado GBPUSD-PERP	−0.0066%	1h	1.3389	−2.621%	$16K	$7K	40x	as long as short
tradeXYZ xyz:GBP	0.0000%	1h	1.3386	−2.645%	$233K	$342K	50x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3384	−2.656%	$181K	$999K	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3377	−2.708%	$245K	$69K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3389	−2.623%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3387	−2.638%	$12K	$13K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3386	−2.645%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSDshort	0.0000%	1h	1.3380	−2.686%	$991	—	20x
HTX GBPUSD-USDT	0.0000%	1h	1.3384	−2.660%	$5K	$335K	20x	as long as short
Vest GBP-USD-PERP	+0.0038%	1h	1.3377	−2.708%	—	$38K	100x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GBP_USDT	+0.0184%	4h	1.3385	−2.652%	$26.0M	$255K	100x	as long as short
Injective GBPUSD/USDC PERPlong	+0.0220%	1h	1.3750	long leg	$12K	$73K	101x
Hibachi GBP/USDT-P	+0.0368%	1h	1.3390	−2.616%	$19K	$34K	20x	as long as short