Funding you earn now, next payment 02:00 UTC+0.0689%/8h= +75.5% APRnext payment +$0.86 per $10,000 · paid last 24h +0.167%
Price spread now: Kraken Futures against Injective+1.271%63s7-day average +2.145% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.605%+$160 on $10k
+Price spread, last 3 days (all we have)+3.092%+$309 · spread now +1.271%, 7d avg +2.145%
=Funding pays, the price is against you. Kraken Futures is 0.874% cheaper against Injective than usual: you would sell low and buy high (spread +1.271% now, against its 7-day average of +2.145%). If the spread goes back, that is −$87 on $10k: about 4.2 days of funding at the current rate (+$21 a day). 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 | Injective KAS/USDC PERP | 0.04361 | 0.0033 | pay 0.0004% / 1h | 19m 31s | $45 | $154K | 5.5x |
| Short | Kraken Futures PF_KASUSD | 0.04416 | 0.0723 | get 0.0090% / 1h | 19m 31s | $312K | $479K | 20x |
Injective KAS/USDC PERP
Kraken Futures PF_KASUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- $144.73
- Price spread: +1.271% → +2.145%
- −$87.38
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $47.33
- Costs to cover
- 0.100%
- Break-even
- 4.7 days
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 48 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 Injective no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 48 min ago | 10.22 bp | 33.0 bp −$33 | 150.2 bp −$1,502 | doesn't fit | doesn't fit |
Injective: 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.
KAS on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) KAS/USD | L +0.0010% / S 0.0000% | 1h | 0.04411 | +1.143% | $3K | — | 150x | as long as short |
| Injective KAS/USDC PERPlong | +0.0033% | 1h | 0.04361 | long leg | $45 | $154K | 5.5x | |
| Binance KASUSDT | +0.0100% | 4h | 0.04415 | +1.238% | $4.2M | $12.1M | 75x | as long as short |
| Bybit KASUSDT | +0.0100% | 4h | 0.04408 | +1.078% | $10.9M | $7.4M | 50x | as long as short |
| Gate KAS_USDT | +0.0100% | 8h | 0.04408 | +1.078% | $2.2M | $1.7M | 75x | as long as short |
| MEXC KAS_USDT | +0.0100% | 4h | 0.04415 | +1.238% | $29.1M | $4.6M | 200x | as long as short |
| KuCoin KASUSDTM | +0.0100% | 4h | 0.04416 | +1.268% | $4.3M | $7.0M | 50x | as long as short |
| Bitget KASUSDT | +0.0100% | 4h | 0.04413 | +1.192% | $12.2M | $3.0M | 50x | as long as short |
| BingX KAS-USDT | +0.0100% | 4h | 0.04409 | +1.101% | — | $67.9M | — | as long as short |
| Variational Omni KAS | +0.0100% | 4h | 0.04416 | +1.254% | $26K | $20K | — | as long as short |
gTrade (Gains Network) KAS/USD
Binance KASUSDT
Bybit KASUSDT
Gate KAS_USDT
MEXC KAS_USDT
KuCoin KASUSDTM
Bitget KASUSDT
BingX KAS-USDT
Variational Omni KASShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster KASUSDT | +0.0103% | 4h | 0.04417 | +1.294% | $259K | $168K | 20x | as long as short |
| GMX KAS/USD [WBTC.b-USDC] | L +0.0293% / S −0.5848% | 1h | 0.04415 | +1.243% | $12K | — | 100x | as long as short |
| Hyperliquid KAS | +0.0451% | 1h | 0.04420 | +1.360% | $2.9M | $1.0M | 3x | as long as short |
| Kraken Futures PF_KASUSDshort | +0.0723% | 1h | 0.04416 | +1.271% | $312K | $479K | 20x |
Aster KASUSDT
GMX KAS/USD [WBTC.b-USDC]
Hyperliquid KAS