Funding you earn now, next payment 04:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h +0.033%
Price spread now: BingX against Kraken Futures+0.043%7-day average −0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$440.435% of the position
Funding, last 7 days−0.103%−$10 on $10k
+Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.043%, 7d avg −0.080%
=The price spread pays, funding is against you. BingX is 0.124% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of −0.080%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_INJUSD | 7.5767 | 0.0325 | pay 0.0041% / 1h | 13m 45s | $810K | $3.4M | 50x |
| Short | BingX INJ-USDT | 7.5800 | 0.0271 | get 0.0271% / 8h | 4h 13m | — | $21.3M | — |
Kraken Futures PF_INJUSD
BingX INJ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$11.29
- Price spread: +0.043% → −0.080%
- $12.35
- Slippage, 4 orders
- −$23.54
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$42.48
- Costs to cover
- 0.435%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; BingX: live order book, 10 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 Kraken Futures live order book, 5 min ago | 3.96 bp | 13.4 bp −$13 | 28.3 bp −$283 | 2022.6 bp −$202.3K | doesn't fit |
| Sell BingX live order book, 10 min ago | 1.32 bp | 6.3 bp −$6 | 8.7 bp −$87 | 28.4 bp −$2,842 | 94.1 bp −$47.0K |
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 | 7.5698 | −0.092% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5798 | +0.041% | $78K | $17K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.5794 | +0.035% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.5810 | +0.057% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.5760 | −0.009% | $68K | — | 3x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.5896 | +0.171% | $25.7M | $8.9M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.5813 | +0.060% | $140K | $422K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.5813 | +0.061% | $33.4M | $97.1M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.5800 | +0.043% | $21.1M | $32.1M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.5800 | +0.043% | $6.1M | $19.3M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Hyperliquid INJ
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate INJ_USDT | +0.0100% | 8h | 7.5790 | +0.030% | $2.7M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.5790 | +0.030% | $9.4M | $17.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.5760 | −0.009% | $13.9M | $10.6M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5702 | −0.086% | $266K | $151K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.5760 | −0.009% | $45K | $271K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.5780 | +0.017% | $34K | $94K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.5781 | +0.018% | $112K | $366K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.5730 | −0.049% | $1.6M | $5.9M | 75x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0267% / S −0.0198% | 1h | 7.5801 | +0.045% | $29K | — | 100x | as long as short |
| BingX INJ-USDTshort | +0.0271% | 8h | 7.5800 | +0.043% | — | $21.3M | — | |
| MEXC INJ_USDT | +0.0285% | 8h | 7.5840 | +0.096% | $30.0M | $21.3M | 300x | as long as short |
| Kraken Futures PF_INJUSDlong | +0.0325% | 1h | 7.5767 | long leg | $810K | $3.4M | 50x | |
| Coinbase International INJ-PERP-INTX | +0.0688% | 1h | 7.5840 | +0.096% | $372K | $605K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1333% | 1h | 7.5950 | +0.241% | $317K | $12.1M | 30x | as long as short |
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
BloFin INJ-USDT
GMX INJ/USD [WBTC.b-USDC]
MEXC INJ_USDT
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP