Funding you earn now, next payment 01:00 UTC+0.0169%/8h= +18.5% APRnext payment +$0.21 per $10,000 · paid last 24h −0.093%
Price spread now: Injective against Kraken Futures−2.165%63s7-day average −0.291% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.674%−$67 on $10k
+Price spread, last 3 days (all we have)+1.749%+$175 · spread now −2.165%, 7d avg −0.291%
=Funding pays, the price is against you. Injective is 1.874% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −2.165% now, against its 7-day average of −0.291%). If the spread goes back, that is −$187 on $10k: about 37 days of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.674%, so the current rate has only just turned in your favour. 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_PYTHUSD | 0.06399 | −0.0136 | get 0.0017% / 1h | 55m 30s | $392K | $280K | 25x |
| Short | Injective PYTH/USDC PERP | 0.06260 | 0.0033 | get 0.0004% / 1h | 55m 30s | $553 | $220K | 5.5x |
Kraken Futures PF_PYTHUSD
Injective PYTH/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
- $35.47
- Price spread: −2.165% → −0.291%
- −$187.37
- 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
- −$161.91
- Costs to cover
- 0.100%
- Break-even
- 38.9 days
Slippage unknown: Kraken Futures: live order book, 17 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, 17 min ago | 7.12 bp | 21.1 bp −$21 | 334.4 bp −$3,344 | 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.
PYTH on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PYTHUSDT | −0.0209% | 4h | 0.06370 | −0.446% | $7.6M | $4.8M | 50x | as long as short |
| BloFin PYTH-USDT | −0.0193% | 4h | 0.06359 | −0.618% | $422K | $115K | 75x | as long as short |
| MEXC PYTH_USDT | −0.0174% | 4h | 0.06374 | −0.383% | $9.6M | $2.3M | 125x | as long as short |
| Binance PYTHUSDT | −0.0168% | 4h | 0.06364 | −0.546% | $9.1M | $17.4M | 75x | as long as short |
| Kraken Futures PF_PYTHUSDlong | −0.0136% | 1h | 0.06399 | long leg | $392K | $280K | 25x | |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06389 | −0.149% | $39K | $15K | 25x | as long as short |
| Gate PYTH_USDT | −0.0048% | 4h | 0.06373 | −0.399% | $1.1M | $464K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06383 | −0.242% | $190K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06393 | −0.086% | $10K | $10K | 10x | as long as short |
| Aster PYTHUSDT | +0.0004% | 4h | 0.06378 | −0.315% | $22K | $44K | 10x | as long as short |
Bybit PYTHUSDT
BloFin PYTH-USDT
MEXC PYTH_USDT
Binance PYTHUSDT
Coinbase International PYTH-PERP-INTX
Gate PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Aster PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0032% | 1h | 0.06379 | −0.300% | $23K | — | 3x | as long as short |
| Injective PYTH/USDC PERPshort | +0.0033% | 1h | 0.06260 | −2.165% | $553 | $220K | 5.5x | |
| Lighter PYTH | +0.0096% | 1h | 0.06381 | −0.274% | $202K | $197K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06366 | −0.511% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06385 | −0.203% | $1.9M | $1.6M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06364 | −0.539% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06382 | −0.258% | $1.5M | $323K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06363 | −0.555% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06372 | −0.414% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06392 | −0.107% | $39K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06385 | −0.214% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06358 | −0.631% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0994% | 1h | 0.06394 | −0.067% | $35K | $90K | 10x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP