Funding you earn now, next payment 00:00 UTC+0.0183%/8h= +20.0% APRnext payment +$0.23 per $10,000 · paid last 24h +0.014%
Price spread now: Injective against Kraken Futures−0.632%63s7-day average −0.699% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.283%+$28 on $10k
+Price spread, last 3 days (all we have)−0.043%−$4 · spread now −0.632%, 7d avg −0.699%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Injective is 0.067% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.699%. 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 | Kraken Futures PF_ALGOUSD | 0.1127 | −0.0157 | get 0.0020% / 1h | 38m 10s | $838K | $1.1M | 50x |
| Short | Injective ALGO/USDC PERP | 0.1120 | 0.0026 | get 0.0003% / 1h | 38m 10s | $834 | $233K | 12x |
Kraken Futures PF_ALGOUSD
Injective ALGO/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
- $38.44
- Price spread: −0.632% → −0.699%
- $6.73
- 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
- $35.16
- Costs to cover
- 0.100%
- Break-even
- 0.6 days
Slippage unknown: Kraken Futures: live order book, 5 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, 5 min ago | 10.62 bp | 19.2 bp −$19 | 40.9 bp −$409 | 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.
ALGO on 22 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 ALGO_USDC-PERPETUAL | −0.0459% | 1h | 0.1127 | −0.011% | $102K | $50K | 25x | as long as short |
| Kraken Futures PF_ALGOUSDlong | −0.0157% | 1h | 0.1127 | long leg | $838K | $1.1M | 50x | |
| Coinbase International ALGO-PERP-INTX | −0.0112% | 1h | 0.1130 | +0.255% | $62K | $333K | 50x | as long as short |
| Bybit ALGOUSDT | −0.0104% | 8h | 0.1126 | −0.117% | $11.3M | $12.2M | 75x | as long as short |
| Variational Omni ALGO | −0.0085% | 8h | 0.1127 | −0.006% | $62K | $13K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1128 | +0.114% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERPshort | +0.0026% | 1h | 0.1120 | −0.632% | $834 | $233K | 12x | |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1129 | +0.149% | $3.8M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1128 | +0.033% | $44K | $35K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1127 | +0.010% | $10.0M | $34.8M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
Bybit ALGOUSDT
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1127 | −0.055% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1128 | +0.078% | $890K | $834K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1127 | +0.007% | $23.1M | $2.9M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1128 | +0.078% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1128 | +0.078% | $5.7M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1127 | −0.002% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1128 | +0.042% | $67K | $107K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1129 | +0.166% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1127 | −0.003% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1128 | +0.104% | $492K | $798K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0317% / S −0.0305% | 1h | 0.1128 | +0.060% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1530% | 1h | 0.1128 | +0.096% | $162K | $3K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD