Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.025%
Price spread now: Injective against KuCoin+3.031%55s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.170%+$117 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 3.031% dearer against KuCoin than usual: you sell high and buy low (spread +3.031% now, against zero (this spread has no 7-day history yet)): +$303 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5 months. Mind the row above: over the last 7 days funding on this pair paid +1.170%, so the current rate has only just turned against you. The two prices were read 55 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 | KuCoin ETHFIUSDTM | 0.7027 | 0.0100 | pay 0.0050% / 4h | 3h 46m | $1.2M | $229K | 50x |
| Short | Injective ETHFI/USDC PERP | 0.7240 | 0.0033 | get 0.0004% / 1h | 46m 20s | $321 | $51K | 5.5x |
KuCoin ETHFIUSDTM
Injective ETHFI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against KuCoin. 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
- −$14
- Price spread: +3.031% → 0.000%
- $303.12
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $277.1
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago | 7.83 bp | 58.9 bp −$59 | 170.3 bp −$1,703 | 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0982% | 4h | 0.7010 | −0.242% | $85K | $171K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0604% | 1h | 0.7021 | −0.085% | $40K | $11K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0305% | 1h | 0.7024 | −0.043% | $263K | $208K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0240% | 4h | 0.7027 | 0.000% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0004% | 8h | 0.7017 | −0.144% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERPshort | +0.0033% | 1h | 0.7240 | +3.031% | $321 | $51K | 5.5x | |
| Variational Omni ETHFI | +0.0077% | 4h | 0.7045 | +0.253% | $983K | $703K | — | as long as short |
| Extended ETHFI-USD | +0.0080% | 1h | 0.7017 | −0.141% | $95K | $379K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0080% | 4h | 0.7027 | 0.000% | $24.4M | $35.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0082% | 4h | 0.7026 | −0.014% | $15.9M | $4.1M | 125x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Variational Omni ETHFI
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7030 | +0.043% | $1.1M | $841K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7033 | +0.084% | $17.5M | $8.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7020 | −0.100% | $179K | $228K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7031 | +0.057% | $17.6M | $12.5M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7037 | +0.142% | $5.1M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7035 | +0.114% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTMlong | +0.0100% | 4h | 0.7027 | long leg | $1.2M | $229K | 50x | |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7027 | 0.000% | $6.0M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7032 | +0.071% | — | $8.8M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7045 | +0.250% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7027 | 0.000% | $1K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7017 | −0.147% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0322% | 4h | 0.7020 | −0.100% | $1.2M | $243K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0544% | 1h | 0.7075 | +0.683% | $31K | $6K | 50x | as long as short |
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX