LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0985%/8h= −107.8% APRnext payment −$1.23 per $10,000 · paid last 24h −0.161%

Price spread now: Kraken Futures against Injective+5.361%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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 5.361% dearer against Injective than usual: you sell high and buy low (spread +5.361% now, against zero (this spread has no 7-day history yet)): +$536 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective LAYER/USDC PERP	0.07274	0.0033	pay 0.0004% / 1h	47m 20s	—	$18K	5.5x
Short	Kraken Futures PF_LAYERUSD	0.07664	−0.0952	pay 0.0119% / 1h	47m 20s	$8K	$54	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Kraken FuturesbpOrdersPrice spread, now +5.361%Rate

Funding earned: −$206.82
Price spread: +5.361% → 0.000%: $536.11
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: $319.27
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Kraken Futures: no order-book sample. 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 no order-book sample	—	—	—	—	—

Injective and Kraken Futures: 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.

LAYER on 13 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_LAYERUSDshort	−0.0952%	1h	0.07664	+5.361%	$8K	$54	10x
Injective LAYER/USDC PERPlong	+0.0033%	1h	0.07274	long leg	—	$18K	5.5x
BloFin LAYER-USDT	+0.0059%	4h	0.07667	+5.403%	$113K	$12K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07676	+5.528%	$591K	$155K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07660	+5.308%	$9K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07667	+5.399%	$2.1M	$2.1M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07666	+5.389%	$713K	$566K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07659	+5.293%	$141K	$37K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07667	+5.403%	$402K	$128K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07670	+5.444%	$1.1M	$97K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX LAYER-USDT	+0.0100%	4h	0.07674	+5.499%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07660	+5.307%	$16K	$191K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07665	+5.371%	$3K	$215K	5x	as long as short