Funding you earn now, next payment 02:00 UTC+0.0312%/8h= +34.1% APRpaid last 24h +0.035%
Price spread now: Kraken Futures against Bybit+0.120%7-day average +0.106% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$620.622% of the position
Funding, last 7 days+0.316%+$32 on $10k
+Price spread, last 3 days (all we have)+0.056%+$6 · spread now +0.120%, 7d avg +0.106%
=The price spread sits at its 7-day average of +0.106%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit INJUSDT | 7.6840 | 0.0100 | pay 0.0100% / 8h | 6h 39m | $21.7M | $31.2M | 50x |
| Short | Kraken Futures PF_INJUSD | 7.6932 | 0.0412 | get 0.0051% / 1h | 39m 58s | $871K | $3.0M | 50x |
Bybit INJUSDT
Kraken Futures PF_INJUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $65.42
- Price spread: +0.120% → +0.106%
- $1.38
- Slippage, 4 orders
- −$41.23
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $4.57
- Costs to cover
- 0.622%
- Break-even
- 6.5 days
Slippage from Bybit: live order book, 4 min ago; Kraken Futures: live order book, 4 min ago.
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 Bybit live order book, 4 min ago | 0.65 bp | 12.9 bp −$13 | 36.5 bp −$365 | 154.0 bp −$15.4K | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 9.05 bp | 16.3 bp −$16 | 30.6 bp −$306 | 454.6 bp −$45.5K | doesn't fit |
INJ 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.6728 | −0.145% | — | — | 20x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.6804 | −0.047% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.6753 | −0.113% | $3K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0043% | 1h | 7.6869 | +0.038% | $80K | $17K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6733 | −0.139% | $69K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.6858 | +0.024% | $147K | $428K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.6880 | +0.052% | $35.0M | $92.6M | 75x | as long as short |
| Bybit INJUSDTlong | +0.0100% | 8h | 7.6840 | long leg | $21.7M | $31.2M | 50x | |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.6790 | −0.065% | $6.3M | $18.8M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.6840 | 0.000% | $2.7M | $4.9M | 50x | as long as short |
Reya INJRUSDPERP
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Aevo INJ-PERP
Aster INJUSDT
Binance INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6840 | 0.000% | $9.2M | $16.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6810 | −0.039% | $14.1M | $10.3M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7073 | +0.303% | $274K | $156K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7320 | +0.625% | $46K | $313K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6810 | −0.039% | $37K | $66K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6791 | −0.064% | $114K | $363K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7620 | +1.015% | $1.8M | $6.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.6870 | +0.039% | — | $21.4M | — | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0273% / S −0.0211% | 1h | 7.6725 | −0.149% | $30K | — | 100x | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.6910 | +0.091% | $31.0M | $21.1M | 300x | as long as short |
| Hyperliquid INJ | +0.0340% | 1h | 7.6945 | +0.137% | $25.9M | $8.9M | 5x | as long as short |
| Kraken Futures PF_INJUSDshort | +0.0412% | 1h | 7.6932 | +0.120% | $871K | $3.0M | 50x | |
| Coinbase International INJ-PERP-INTX | +0.0624% | 1h | 7.6800 | −0.052% | $375K | $617K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1354% | 1h | 7.7520 | +0.885% | $323K | $12.1M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
GMX INJ/USD [WBTC.b-USDC]
MEXC INJ_USDT
Hyperliquid INJ
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP