Funding you earn now, next payment 08:00 UTC+0.0788%/8h= +86.2% APRnext payment +$0.98 per $10,000 · paid last 24h −0.040%
Price spread now: Kraken Futures against Injective−3.814%63s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.869%−$87 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Kraken Futures is 3.814% cheaper against Injective than usual: you would sell low and buy high (spread −3.814% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$381 on $10k: about 16 days of funding at the current rate (+$24 a day). Mind the row above: over the last 7 days funding on this pair cost −0.869%, so the current rate has only just turned in your favour. 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 ETHFI/USDC PERP | 0.7240 | 0.0033 | pay 0.0004% / 1h | 13m 32s | $321 | $51K | 5.5x |
| Short | Kraken Futures PF_ETHFIUSD | 0.6964 | 0.0821 | get 0.0103% / 1h | 13m 32s | $291K | $283K | 20x |
Injective ETHFI/USDC PERP
Kraken Futures PF_ETHFIUSDFunding 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
- $165.38
- Price spread: −3.814% → 0.000%
- −$381.45
- 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
- −$226.09
- Costs to cover
- 0.100%
- Break-even
- 16.6 days
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 24 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, 24 min ago | 17.99 bp | 46.7 bp −$47 | 162.9 bp −$1,629 | 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.
ETHFI on 24 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 ETHFI_USDC-PERPETUAL | −0.0468% | 1h | 0.6954 | −3.950% | $41K | $11K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0414% | 4h | 0.6943 | −4.102% | $82K | $150K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0287% | 4h | 0.6952 | −3.978% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0196% | 4h | 0.6952 | −3.972% | $916K | $785K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0083% | 8h | 0.6951 | −3.995% | $6K | — | 5x | as long as short |
| Bybit ETHFIUSDT | −0.0063% | 4h | 0.6953 | −3.964% | $17.1M | $12.9M | 25x | as long as short |
| Extended ETHFI-USD | −0.0008% | 1h | 0.6950 | −4.005% | $94K | $503K | 10x | as long as short |
| Binance ETHFIUSDT | −0.0007% | 4h | 0.6951 | −3.992% | $24.2M | $35.9M | 75x | as long as short |
| MEXC ETHFI_USDT | −0.0006% | 4h | 0.6953 | −3.964% | $15.7M | $4.2M | 125x | as long as short |
| Injective ETHFI/USDC PERPlong | +0.0033% | 1h | 0.7240 | long leg | $321 | $51K | 5.5x |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Bybit ETHFIUSDT
Extended ETHFI-USD
Binance ETHFIUSDT
MEXC ETHFI_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6949 | −4.023% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6961 | −3.852% | $1.1M | $828K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6959 | −3.885% | $16.7M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6951 | −3.992% | $178K | $253K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6957 | −3.909% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6960 | −3.867% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6953 | −3.964% | $1.2M | $224K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6951 | −3.992% | $6.1M | $4.7M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6956 | −3.923% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6956 | −3.916% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6946 | −4.061% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0232% | 4h | 0.6943 | −4.102% | $1.2M | $241K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0272% | 1h | 0.6990 | −3.453% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSDshort | +0.0821% | 1h | 0.6964 | −3.814% | $291K | $283K | 20x |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX