Funding you earn now, next payment 09:00 UTC−0.0716%/8h= −78.4% APRnext payment −$0.89 per $10,000 · paid last 24h −0.013%
Price spread now: Extended against Kraken Futures−0.168%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$730.729% of the position
Funding, last 7 days−0.363%−$36 on $10k
+Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.168%, 7d avg −0.063%
=Together, before fees−0.254%+ Points / potential airdropExtended: Active · farm board−$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Extended is 0.104% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.063%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.363% in total (about -18.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.89 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_INJUSD | 7.8489 | 0.0820 | pay 0.0102% / 1h | 21m 09s | $857K | $3.8M | 50x |
| Short | Extended INJ-USD | 7.8358 | 0.0104 | get 0.0013% / 1h | 21m 09s | $119K | $639K | 10x |
Kraken Futures PF_INJUSD
Extended INJ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$150.36
- Price spread: −0.168% → −0.063%
- −$10.41
- Slippage, 4 orders
- −$57.85
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$233.62
- Costs to cover
- 0.729%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Extended: live order book, 12 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, 3 min ago | 9.61 bp | 31.9 bp −$32 | 51.0 bp −$510 | 2723.8 bp −$272.4K | doesn't fit |
| Sell Extended live order book, 12 min ago | 2.84 bp | 12.1 bp −$12 | 146.9 bp −$1,469 | doesn't fit | 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 | 7.8311 | −0.227% | — | — | 20x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0023% | 1h | 7.8184 | −0.389% | $18K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0060% | 1h | 7.8298 | −0.243% | $80K | $18K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8437 | −0.066% | $71K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8380 | −0.139% | $35K | $72K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8399 | −0.115% | $151K | $445K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8460 | −0.037% | $34.9M | $103.8M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8405 | −0.107% | $21.7M | $32.5M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8440 | −0.063% | $6.2M | $21.1M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.8340 | −0.190% | $2.7M | $5.8M | 50x | as long as short |
Reya INJRUSDPERP
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDT
Bybit 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 | 7.8400 | −0.114% | $8.6M | $18.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8380 | −0.139% | $14.4M | $12.0M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7460 | −1.312% | $275K | $143K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8050 | −0.560% | $47K | $266K | 50x | as long as short |
| Extended INJ-USDshort | +0.0104% | 1h | 7.8358 | −0.168% | $119K | $639K | 10x | |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8400 | −0.114% | $1.7M | $5.9M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.8340 | −0.190% | — | $21.7M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.8440 | −0.063% | $31.4M | $21.2M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0327% / S −0.0344% | 1h | 7.8387 | −0.131% | $41K | — | 100x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0567% | 1h | 7.8396 | −0.119% | $5K | $24K | 25x | as long as short |
| Hyperliquid INJ | +0.0675% | 1h | 7.8444 | −0.058% | $26.4M | $8.7M | 5x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0680% | 1h | 7.8520 | +0.039% | $392K | $755K | 50x | as long as short |
| Kraken Futures PF_INJUSDlong | +0.0820% | 1h | 7.8489 | long leg | $857K | $3.8M | 50x | |
| Injective INJ/USDC PERP | +0.1302% | 1h | 7.8430 | −0.076% | $322K | $11.5M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Deribit INJ_USDC-PERPETUAL
Hyperliquid INJ
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP