Funding you earn now, next payment 02:00 UTC−0.5638%/8h= −617.4% APRnext payment −$7.05 per $10,000 · paid last 24h −1.243%
Price spread now: Injective against Kraken Futures−0.785%63s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−4.169%−$417 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$169 a day on $10k at the current rate, and Injective is 0.785% cheaper against Kraken Futures than usual: you would sell low and buy high (−$79 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 | Kraken Futures PF_POPCATUSD | 0.05584 | 0.0638 | pay 0.0080% / 1h | 39m 30s | $149K | $146K | 20x |
| Short | Injective POPCAT/USDC PERP | 0.05540 | −0.5000 | pay 0.0625% / 1h | 39m 30s | $3K | $2K | 5.5x |
Kraken Futures PF_POPCATUSD
Injective POPCAT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Kraken Futures. 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
- −$1,183.99
- Price spread: −0.785% → 0.000%
- −$78.54
- 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
- −$1,272.55
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 28 min ago; Injective: 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 Kraken Futures live order book, 28 min ago | 14.08 bp | 61.6 bp −$62 | 18633.5 bp −$186.3K | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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.
POPCAT on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POPCAT/USDC PERPshort | −0.5000% | 1h | 0.05540 | −0.785% | $3K | $2K | 5.5x | |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05598 | +0.251% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | +0.0073% | 4h | 0.05592 | +0.148% | $507K | $162K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05590 | +0.110% | $100K | $52K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05596 | +0.209% | $2.3M | $6.8M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05585 | +0.020% | $8.8M | $6.3M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05597 | +0.235% | $689K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05590 | +0.110% | $446K | $633K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05592 | +0.146% | $1.8M | $964K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05591 | +0.128% | $1.1M | $991K | 50x | as long as short |
Reya POPCATRUSDPERP
Variational Omni POPCAT
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05594 | +0.182% | $1.2M | $940K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05589 | +0.092% | — | $6.8M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05609 | +0.450% | $245K | $485K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05630 | +0.826% | $22K | $657K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05588 | +0.069% | $95K | $520K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05654 | +1.256% | $125K | $301K | 50x | as long as short |
| Kraken Futures PF_POPCATUSDlong | +0.0638% | 1h | 0.05584 | long leg | $149K | $146K | 20x | |
| Hyperliquid POPCAT | +0.1229% | 1h | 0.05608 | +0.432% | $2.6M | $990K | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT
Hyperliquid POPCAT