Funding you earn now, next payment 05:00 UTC−0.0333%/8h= −36.5% APRpaid last 24h +0.011%
Price spread now: Kraken Futures against Orderly+0.044%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.283%+$28 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Kraken Futures is 0.044% dearer against Orderly than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 11 hours. Mind the row above: over the last 7 days funding on this pair paid +0.283%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_INJ_USDC | 7.5910 | 0.0100 | pay 0.0100% / 8h | 3h 16m | $34K | $94K | 10x |
| Short | Kraken Futures PF_INJUSD | 7.5944 | −0.0233 | pay 0.0029% / 1h | 16m 07s | $781K | $3.4M | 50x |
Orderly PERP_INJ_USDC
Kraken Futures PF_INJUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Orderly. 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
- −$69.94
- Price spread: +0.044% → 0.000%
- $4.44
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$81.5
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 3 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 3 min ago | 6.57 bp | 14.3 bp −$14 | 27.4 bp −$274 | 389.3 bp −$38.9K | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INJUSDshort | −0.0233% | 1h | 7.5944 | +0.044% | $781K | $3.4M | 50x | |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.5878 | −0.043% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.5935 | +0.033% | $79K | $17K | 5x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.5909 | −0.001% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0035% | 1h | 7.5930 | +0.027% | $16K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.5885 | −0.033% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDClong | +0.0100% | 8h | 7.5910 | long leg | $34K | $94K | 10x | |
| Hyperliquid INJ | +0.0100% | 1h | 7.5989 | +0.104% | $25.6M | $8.7M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.5946 | +0.047% | $139K | $418K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.5920 | +0.013% | $33.1M | $96.4M | 75x | 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 INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit INJUSDT | +0.0100% | 8h | 7.5903 | −0.009% | $21.1M | $31.8M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.5890 | −0.026% | $6.2M | $18.6M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.5900 | −0.013% | $2.7M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.5910 | 0.000% | $9.5M | $17.7M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.5840 | −0.092% | $13.9M | $10.2M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.5942 | +0.042% | $267K | $144K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.6120 | +0.277% | $46K | $271K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.5890 | −0.026% | $113K | $357K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.5960 | +0.066% | $1.6M | $5.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.5920 | +0.013% | — | $20.9M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.5920 | +0.013% | $29.9M | $21.5M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0267% / S −0.0198% | 1h | 7.5908 | −0.002% | $29K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0552% | 1h | 7.6070 | +0.211% | $368K | $619K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1172% | 1h | 7.6790 | +1.159% | $320K | $12.1M | 30x | as long as short |
Bybit INJUSDT
OKX INJ-USDT-SWAP
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]
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP