Funding you earn now, next payment 04:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h +0.027%
Price spread now: BloFin against Kraken Futures+0.116%7-day average −0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$800.803% of the position
Funding, last 7 days−0.108%−$11 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.116%, 7d avg −0.087%
=The price spread pays, funding is against you. BloFin is 0.203% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of −0.087%): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.3 days. At the pace of the last 7 days (−0.108% in total) that is about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_INJUSD | 7.4993 | 0.0328 | pay 0.0041% / 1h | 35m 14s | $818K | $3.4M | 50x |
| Short | BloFin INJ-USDT | 7.5080 | 0.0220 | get 0.0220% / 8h | 4h 35m | $1.7M | $5.8M | 75x |
Kraken Futures PF_INJUSD
BloFin INJ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$22.71
- Price spread: +0.116% → −0.087%
- $20.33
- Slippage, 4 orders
- −$58.32
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$82.7
- Costs to cover
- 0.803%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; BloFin: 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 Kraken Futures live order book, 4 min ago | 10.57 bp | 20.1 bp −$20 | 40.0 bp −$400 | 1966.1 bp −$196.6K | doesn't fit |
| Sell BloFin live order book, 4 min ago | 7.93 bp | 21.9 bp −$22 | 41.0 bp −$410 | 120.2 bp −$12.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit INJ_USDC-PERPETUAL | −0.0695% | 1h | 7.5046 | +0.071% | $6K | $24K | 25x | as long as short |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.5010 | +0.023% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5063 | +0.094% | $78K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.5031 | +0.051% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.4813 | −0.240% | $68K | — | 3x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.5116 | +0.164% | $25.4M | $8.9M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.4962 | −0.041% | $139K | $420K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.5027 | +0.046% | $33.4M | $95.9M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.4987 | −0.008% | $20.9M | $31.8M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.4980 | −0.017% | $6.0M | $19.0M | 50x | as long as short |
Deribit INJ_USDC-PERPETUAL
Reya INJRUSDPERP
dYdX INJ-USD
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 | 7.5000 | +0.010% | $2.6M | $5.2M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.4990 | −0.004% | $9.3M | $17.2M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.4990 | −0.004% | $13.8M | $10.6M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5092 | +0.132% | $263K | $149K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.5670 | +0.903% | $45K | $271K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.5000 | +0.010% | $33K | $94K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.4996 | +0.005% | $112K | $366K | 10x | as long as short |
| BloFin INJ-USDTshort | +0.0220% | 8h | 7.5080 | +0.116% | $1.7M | $5.8M | 75x | |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0267% / S −0.0198% | 1h | 7.5039 | +0.061% | $28K | — | 100x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.5030 | +0.050% | — | $21.3M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.5050 | +0.076% | $29.6M | $21.2M | 300x | as long as short |
| Kraken Futures PF_INJUSDlong | +0.0328% | 1h | 7.4993 | long leg | $818K | $3.4M | 50x | |
| Coinbase International INJ-PERP-INTX | +0.0688% | 1h | 7.5080 | +0.116% | $369K | $596K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1333% | 1h | 7.5330 | +0.450% | $314K | $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
GMX INJ/USD [WBTC.b-USDC]
BingX INJ-USDT
MEXC INJ_USDT
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP