S

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1982%/8h= −217.1% APRnext payment −$2.48 per $10,000 · paid last 24h −0.558%

Price spread now: Kraken Futures against Injective−1.121%7-day average — · you buy dearer than you sell

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 against this trade now: funding costs −$59 a day on $10k at the current rate, and Kraken Futures is 1.121% cheaper against Injective than usual: you would sell low and buy high (−$112 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective S/USDC PERP	0.04100	0.0033	pay 0.0004% / 1h	51m 09s	$2K	$37K	12x
Short	Kraken Futures PF_SUSD	0.04054	−0.1949	pay 0.0244% / 1h	51m 09s	$35K	$16K	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 −1.121%Rate

Funding earned: −$416.31
Price spread: −1.121% → 0.000%: −$112.08
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: −$538.41
Costs to cover: 0.100%
Break-even: never at this rate

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.

S on 25 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
01 Exchange SUSD	−0.6600%	1h	0.03940	−3.902%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSDshort	−0.1949%	1h	0.04054	−1.121%	$35K	$16K	10x
Coinbase International S-PERP-INTX	−0.1064%	1h	0.03961	−3.390%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04054	−1.134%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04058	−1.029%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04060	−0.978%	$626	—	150x	as long as short
Variational Omni S	+0.0020%	4h	0.04008	−2.250%	$622K	$17K	—	as long as short
Injective S/USDC PERPlong	+0.0033%	1h	0.04100	long leg	$2K	$37K	12x
Orderly PERP_S_USDC	+0.0086%	4h	0.04058	−1.024%	$101K	$576K	10x	as long as short
Lighter S	+0.0096%	1h	0.04061	−0.951%	$173K	$137K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04060	−0.973%	$1.0M	$578K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04058	−1.016%	$48K	$110K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04058	−1.017%	$5.7M	$13.5M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04051	−1.195%	$5.8M	$4.1M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04055	−1.098%	$1.0M	$3.7M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04055	−1.098%	$330K	$174K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04058	−1.024%	$4.1M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04053	−1.146%	$1.9M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04057	−1.049%	$1.2M	$2.2M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04055	−1.098%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04060	−0.976%	$24K	$488K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04056	−1.081%	$227K	$1.3M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04058	−1.024%	$280K	$116K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0735%	1h	0.04063	−0.902%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1374%	1h	0.04060	−0.976%	$118K	$431K	5x	as long as short