Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.008%
Price spread now: KuCoin against Injective+0.366%100s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.028%+$3 on $10k
+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 +$2 a day on $10k at the current rate, and KuCoin is 0.366% dearer against Injective than usual: you sell high and buy low: +$37 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 100 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 | Injective S/USDC PERP | 0.04100 | 0.0033 | pay 0.0004% / 1h | 35m 30s | $2K | $37K | 12x |
| Short | KuCoin SUSDTM | 0.04115 | 0.0100 | get 0.0050% / 4h | 35m 30s | $1.9M | $2.8M | 50x |
Injective S/USDC PERP
KuCoin SUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Injective. 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
- $14
- Price spread: +0.366% → 0.000%
- $36.59
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $38.57
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago | 3.65 bp | 108.1 bp −$108 | 259.4 bp −$2,594 | 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.
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 | −1.0040% | 1h | 0.03940 | −3.902% | $24K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.1921% | 1h | 0.04114 | +0.333% | $34K | $18K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1064% | 1h | 0.04073 | −0.659% | $49K | $17K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04131 | +0.754% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04119 | +0.468% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04132 | +0.790% | $637 | — | 150x | as long as short |
| Injective S/USDC PERPlong | +0.0033% | 1h | 0.04100 | long leg | $2K | $37K | 12x | |
| Variational Omni S | +0.0038% | 4h | 0.04116 | +0.383% | $638K | $17K | — | as long as short |
| Lighter S | +0.0096% | 1h | 0.04126 | +0.634% | $178K | $142K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.04123 | +0.561% | $1.0M | $587K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Variational Omni S
Lighter S
Hyperliquid SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SUSDT | +0.0100% | 4h | 0.04128 | +0.674% | $49K | $132K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04124 | +0.585% | $5.8M | $13.9M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04120 | +0.488% | $5.9M | $4.2M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04119 | +0.463% | $1.0M | $3.9M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04120 | +0.488% | $336K | $181K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04120 | +0.488% | $4.1M | $1.9M | 200x | as long as short |
| KuCoin SUSDTMshort | +0.0100% | 4h | 0.04115 | +0.366% | $1.9M | $2.8M | 50x | |
| Bitget SUSDT | +0.0100% | 4h | 0.04121 | +0.512% | $1.2M | $2.3M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04121 | +0.512% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04110 | +0.244% | $24K | $495K | 50x | as long as short |
| Orderly PERP_S_USDC | +0.0100% | 4h | 0.04132 | +0.780% | $103K | $591K | 10x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04119 | +0.460% | $231K | $1.3M | 10x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0234% | 1h | 0.04135 | +0.854% | $70K | $10K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04118 | +0.439% | $284K | $118K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.1505% | 1h | 0.04130 | +0.732% | $107K | $449K | 5x | as long as short |
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Orderly PERP_S_USDC
Extended S-USD
Deribit S_USDC-PERPETUAL
BloFin S-USDT
Backpack S_USDC_PERP