Funding you earn now, next payment 23:00 UTC−0.1927%/8h= −211.1% APRnext payment −$2.41 per $10,000 · paid last 24h −0.387%
Price spread now: Kraken Futures against Injective−0.091%63s7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$58 a day on $10k at the current rate, and Kraken Futures is 0.091% cheaper against Injective than usual: you would sell low and buy high (−$9 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 AR/USDC PERP | 4.5720 | 0.0033 | pay 0.0004% / 1h | 4m 01s | $3K | $339 | 5.5x |
| Short | Kraken Futures PF_ARUSD | 4.5678 | −0.1894 | pay 0.0237% / 1h | 4m 01s | $46K | $157K | 20x |
Injective AR/USDC PERP
Kraken Futures PF_ARUSDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$404.77
- Price spread: −0.091% → 0.000%
- −$9.1
- 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
- −$423.89
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 13 min ago. 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 live order book, 13 min ago | 14.23 bp | 27.0 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
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.
AR 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARUSDshort | −0.1894% | 1h | 4.5678 | −0.091% | $46K | $157K | 20x | |
| GMX AR/USD [WBTC.b-USDC] | L −0.0140% / S +0.0551% | 1h | 4.5724 | +0.009% | $588K | — | 50x | as long as short |
| OKX AR-USDT-SWAP | +0.0032% | 8h | 4.5660 | −0.131% | $2.4M | $20.8M | 20x | as long as short |
| Injective AR/USDC PERPlong | +0.0033% | 1h | 4.5720 | long leg | $3K | $339 | 5.5x | |
| Binance ARUSDT | +0.0070% | 8h | 4.5676 | −0.096% | $9.0M | $55.7M | 75x | as long as short |
| Extended AR-USD | +0.0072% | 1h | 4.5662 | −0.128% | $37K | $237K | 10x | as long as short |
| MEXC AR_USDT | +0.0073% | 8h | 4.5680 | −0.087% | $6.9M | $4.6M | 100x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.5775 | +0.120% | $4.1M | $4.9M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.5688 | −0.070% | $20K | $615K | 10x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.5666 | −0.118% | $4.7M | $8.9M | 75x | as long as short |
GMX AR/USD [WBTC.b-USDC]
OKX AR-USDT-SWAP
Binance ARUSDT
Extended AR-USD
MEXC AR_USDT
Hyperliquid AR
Aster ARUSDT
Bybit ARUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AR_USDT | +0.0100% | 8h | 4.5710 | −0.022% | $2.6M | $2.3M | 50x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.5720 | 0.000% | $1.4M | $1.2M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.5640 | −0.175% | $3.9M | $5.6M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.5670 | −0.109% | — | $2.9M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.5729 | +0.019% | $139K | $173K | — | as long as short |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.5820 | +0.219% | $58K | $749K | 50x | as long as short |
| BloFin AR-USDT | +0.0194% | 8h | 4.5680 | −0.087% | $427K | $673K | 20x | as long as short |
Gate AR_USDT
KuCoin ARUSDTM
Bitget ARUSDT
BingX AR-USDT
Variational Omni AR
ApeX Omni ARUSDT
BloFin AR-USDT