data as of
Settings8H · net · $10k
Funding arb /

NOT

all NOT markets
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Funding spread now, next payment 18:00 UTC−0.6813%/8h
next payment, per $10,000$8.52paid, last 24h−0.305%paid, last 4 days−0.237%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 4 days it paid -0.237% in total (about -23.3% a year). A funding rate is set anew for every payment; at this rate the next one is about $8.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_NOTUSD0.00049760.6846pay 0.0856% / 1h5m 19s$48K$9K10x
ShortInjective NOT/USDC PERP0.00048740.0033get 0.0004% / 1h5m 19s$1K$21K5.5x

Funding history

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Funding on every exchange

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Profit calculator

Funding earned
−$1,430.7
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$1,440.72
Break-even
never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Injective: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
−2.058%
Avg gap 7d
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample
Sell Injective no order-book sample
Kraken Futures and 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.

NOT on 16 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Variational Omni NOT−0.0126%4h$61K$48Kas long as short
Injective NOT/USDC PERPshort+0.0033%1h$1K$21K5.5x
BloFin NOT-USDT+0.0096%4h$113K$19K50xas long as short
Lighter 1000NOT+0.0096%1h$11K$5K3xas long as short
Hyperliquid NOT+0.0100%1h$364K$68K3xas long as short
Aster NOTUSDT+0.0100%4h$14K$23K5xas long as short
Binance NOTUSDT+0.0100%4h$2.0M$3.4M50xas long as short
Bybit NOTUSDT+0.0100%4h$2.1M$1.0M25xas long as short
OKX NOT-USDT-SWAP+0.0100%4h$589K$663K20xas long as short
Gate NOT_USDT+0.0100%4h$139K$93K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
MEXC NOT_USDT+0.0100%4h$1.3M$468K200xas long as short
KuCoin NOTUSDTM+0.0100%4h$481K$138K50xas long as short
Bitget NOTUSDT+0.0100%4h$633K$444K50xas long as short
BingX NOT-USDC+0.0100%4h$716Kas long as short
Extended kNOT-USD+0.0104%1h$4K$2K5xas long as short
Kraken Futures PF_NOTUSDlong+0.6846%1h$48K$9K10x