Funding you earn now, next payment 00:00 UTC+0.1096%/8h= +120.0% APRnext payment +$1.37 per $10,000 · paid last 24h +0.305%
Price spread now: Injective against Kraken Futures+0.501%63s7-day average +0.150% · you sell dearer than you buy
Net, funding: paid 7d − costs+$62as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$870.874% of the position
Funding, last 7 days+1.494%+$149 on $10k
+Price spread, last 3 days (all we have)−0.188%−$19 · spread now +0.501%, 7d avg +0.150%
=Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Injective is 0.351% dearer against Kraken Futures than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of +0.150%. The two prices were read 63 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 | Kraken Futures PF_INJUSD | 7.8915 | 0.0202 | pay 0.0025% / 1h | 39m 54s | $908K | $3.1M | 50x |
| Short | Injective INJ/USDC PERP | 7.9310 | 0.1298 | get 0.0162% / 1h | 39m 54s | $325K | $12.1M | 30x |
Kraken Futures PF_INJUSD
Injective INJ/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $230.15
- Price spread: +0.501% → +0.150%
- $35.1
- Slippage, 4 orders
- −$77.35
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $177.89
- Costs to cover
- 0.874%
- Break-even
- 1.6 days
Slippage from Kraken Futures: live order book, 4 min ago; Injective: 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 | 8.22 bp | 16.2 bp −$16 | 38.0 bp −$380 | 2713.7 bp −$271.4K | doesn't fit |
| Sell Injective live order book, 4 min ago | 26.45 bp | 26.5 bp −$26 | 46.2 bp −$462 | 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 | 7.8813 | −0.129% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.8833 | −0.103% | $91K | $8K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8847 | −0.086% | $7K | $23K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8827 | −0.112% | $3K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8791 | −0.156% | $71K | $13K | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0099% | 8h | 7.8810 | −0.133% | $37K | $65K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8826 | −0.113% | $158K | $449K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8806 | −0.137% | $35.9M | $95.0M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8790 | −0.158% | $22.2M | $32.3M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8750 | −0.209% | $6.5M | $20.3M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
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 | 7.8740 | −0.221% | $2.8M | $5.0M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8760 | −0.196% | $9.5M | $16.5M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8770 | −0.183% | $14.5M | $10.7M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8795 | −0.151% | $281K | $160K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.9250 | +0.425% | $49K | $348K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8776 | −0.176% | $120K | $460K | 10x | as long as short |
| Kraken Futures PF_INJUSDlong | +0.0202% | 1h | 7.8915 | long leg | $908K | $3.1M | 50x | |
| BloFin INJ-USDT | +0.0220% | 8h | 7.8810 | −0.133% | $1.8M | $7.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8800 | −0.145% | — | $21.6M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8800 | −0.145% | $32.0M | $22.7M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0356% / S −0.0418% | 1h | 7.8814 | −0.128% | $47K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0573% | 1h | 7.8858 | −0.072% | $26.6M | $9.7M | 5x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.9020 | +0.133% | $387K | $722K | 50x | as long as short |
| Injective INJ/USDC PERPshort | +0.1298% | 1h | 7.9310 | +0.501% | $325K | $12.1M | 30x |
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Coinbase International INJ-PERP-INTX