MEW

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0650%/8h= +71.2% APRnext payment +$0.81 per $10,000 · paid last 24h +0.013%

Price spread now: Kraken Futures against Injective+11.646%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

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Kraken Futures is 11.646% dearer against Injective than usual: you sell high and buy low: +$1,165 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MEW/USDC PERP	0.0004219	0.0033	pay 0.0004% / 1h	24m 17s	$46	$14K	5.5x
Short	Kraken Futures PF_MEWUSD	0.0004710	0.0683	get 0.0085% / 1h	24m 17s	$92K	$106K	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 +11.646%Rate

Funding earned: $136.52
Price spread: +11.646% → 0.000%: $1,164.61
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: $1,291.11
Costs to cover: 0.100%
Break-even: from the start

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	11.76 bp	57.1 bp −$57	doesn't fit	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.

MEW on 12 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
GMX MEW/USD [WBTC.b-USDC]	L 0.0000% / S 0.0000%	1h	0.0004690	+11.164%	—	—	100x	as long as short
Injective MEW/USDC PERPlong	+0.0033%	1h	0.0004219	long leg	$46	$14K	5.5x
Binance MEWUSDT	+0.0100%	4h	0.0004701	+11.425%	$1.2M	$2.8M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004699	+11.377%	$1.5M	$1.1M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004701	+11.425%	$529K	$718K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004697	+11.330%	$132K	$87K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004701	+11.425%	$390K	$174K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004691	+11.187%	$341K	$115K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004698	+11.353%	$496K	$366K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004698	+11.353%	—	$24.2M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEW	+0.0100%	4h	0.0004699	+11.382%	$82K	$32K	—	as long as short
Kraken Futures PF_MEWUSDshort	+0.0683%	1h	0.0004710	+11.646%	$92K	$106K	10x