Funding you earn now, next payment 09:00 UTC−0.0211%/8h= −23.1% APRnext payment −$0.26 per $10,000 · paid last 24h −0.008%
Price spread now: Injective against Kraken Futures+3.126%7-day average +0.652% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.055%−$6 on $10k
+Price spread, last 4 days (all we have)−2.943%−$294 · spread now +3.126%, 7d avg +0.652%
=The price spread pays, funding is against you. Injective is 2.474% dearer against Kraken Futures than usual: you sell high and buy low (spread +3.126% now, against its 7-day average of +0.652%): +$247 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 39 days. At the pace of the last 7 days (−0.055% in total) that is about 10 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.055% in total (about -2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 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_DOTUSD | 1.1656 | 0.0245 | pay 0.0031% / 1h | 32m 28s | $4.3M | $1.5M | 50x |
| Short | Injective DOT/USDC PERP | 1.2020 | 0.0033 | get 0.0004% / 1h | 32m 28s | $328 | $121K | 12x |
Kraken Futures PF_DOTUSD
Injective DOT/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
- −$44.36
- Price spread: +3.126% → +0.652%
- $247.39
- 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
- $193
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 6 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, 6 min ago | 1.28 bp | 13.8 bp −$14 | 25.2 bp −$252 | 115.1 bp −$11.5K | 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.
DOT on 29 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 DOT_USDC-PERPETUAL | −0.2659% | 1h | 1.1654 | −0.015% | $253K | $169K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1634 | −0.183% | $252 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1652 | −0.032% | $141K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1651 | −0.040% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERPshort | +0.0033% | 1h | 1.2020 | +3.126% | $328 | $121K | 12x | |
| Coinbase International DOT-PERP-INTX | +0.0072% | 1h | 1.1650 | −0.049% | $170K | $2.0M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1645 | −0.093% | $244K | $671K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1639 | −0.143% | $5.5M | $4.6M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1650 | −0.053% | $839K | $621K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1636 | −0.169% | $42.4M | $89.0M | 75x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Coinbase International DOT-PERP-INTX
Lighter DOT
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOTUSDT | +0.0100% | 8h | 1.1634 | −0.186% | $23.6M | $20.4M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1639 | −0.143% | $9.0M | $25.3M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1640 | −0.135% | $6.6M | $11.8M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1642 | −0.117% | $31.5M | $65.1M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1640 | −0.135% | $6.1M | $9.5M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1640 | −0.135% | $22.4M | $14.4M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1638 | −0.152% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1650 | −0.049% | $86K | $134K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1664 | +0.068% | $531K | $50K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1664 | +0.074% | $34K | $336K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1668 | +0.108% | $222K | $439K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1640 | −0.135% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1665 | +0.080% | $1K | $1.4M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1660 | +0.037% | $263K | $283K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1635 | −0.178% | $16K | $271K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1646 | −0.083% | $1.9M | $908K | 75x | as long as short |
| Kraken Futures PF_DOTUSDlong | +0.0245% | 1h | 1.1656 | long leg | $4.3M | $1.5M | 50x | |
| Phemex DOTUSDT | +0.0252% | 8h | 1.1660 | +0.037% | $2.4M | $2.2M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0290% / S −0.0937% | 1h | 1.1640 | −0.139% | $20K | — | 100x | as long as short |
Bybit DOTUSDT
OKX DOT-USDT-SWAP
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
Bitget DOTUSDT
BingX DOT-USDC
Backpack DOT_USDC_PERP
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
BloFin DOT-USDT
Phemex DOTUSDT
GMX DOT/USD [WBTC.b-USDC]