Funding you earn now, next payment 07:00 UTC+0.1071%/8h= +117.2% APRnext payment +$1.34 per $10,000 · paid last 24h +0.174%
Price spread now: Injective against Kraken Futures−0.470%7-day average −1.665% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)−2.530%−$253 · spread now −0.470%, 7d avg −1.665%
=Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Injective is 1.195% dearer against Kraken Futures than usual: you sell high and buy low: +$120 more if the spread goes back to its 7-day average of −1.665%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.006% in total (about 0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_STXUSD | 0.3479 | −0.1037 | get 0.0130% / 1h | 44m 51s | $81K | $126K | 20x |
| Short | Injective STX/USDC PERP | 0.3463 | 0.0033 | get 0.0004% / 1h | 44m 51s | $4K | $264K | 12x |
Kraken Futures PF_STXUSD
Injective STX/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
- $224.81
- Price spread: −0.470% → −1.665%
- $119.54
- 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
- $334.33
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 62 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, 62 min ago | 16.02 bp | 35.6 bp −$36 | doesn't fit | 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.
STX 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STXUSDlong | −0.1037% | 1h | 0.3479 | long leg | $81K | $126K | 20x | |
| Variational Omni STX | −0.0121% | 8h | 0.3458 | −0.602% | $778K | $252K | — | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3477 | −0.065% | — | — | 150x | as long as short |
| Injective STX/USDC PERPshort | +0.0033% | 1h | 0.3463 | −0.470% | $4K | $264K | 12x | |
| BloFin STX-USDT | +0.0075% | 8h | 0.3478 | −0.039% | $431K | $229K | 20x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3474 | −0.143% | $130K | $69K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3480 | +0.019% | $8.2M | $18.8M | 75x | as long as short |
| Bybit STXUSDT | +0.0100% | 8h | 0.3476 | −0.096% | $9.0M | $6.8M | 75x | as long as short |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3481 | +0.048% | $2.4M | $6.1M | 20x | as long as short |
| Gate STX_USDT | +0.0100% | 8h | 0.3467 | −0.355% | $634K | $408K | 50x | as long as short |
Variational Omni STX
gTrade (Gains Network) STX/USD
BloFin STX-USDT
Aster STXUSDT
Binance STXUSDT
Bybit STXUSDT
OKX STX-USDT-SWAP
Gate STX_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC STX_USDT | +0.0100% | 8h | 0.3479 | −0.010% | $6.0M | $1.2M | 50x | as long as short |
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3477 | −0.067% | $2.4M | $1.1M | 50x | as long as short |
| Bitget STXUSDT | +0.0100% | 8h | 0.3480 | +0.019% | $4.8M | $2.1M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3477 | −0.067% | — | $13.7M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3462 | −0.499% | $63K | $688K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3478 | −0.033% | $183K | $1.1M | 10x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0191% / S −0.0304% | 1h | 0.3478 | −0.039% | $5K | — | 100x | as long as short |
| Hyperliquid STX | +0.0231% | 1h | 0.3484 | +0.122% | $1.5M | $814K | 5x | as long as short |
MEXC STX_USDT
KuCoin STXUSDTM
Bitget STXUSDT
BingX STX-USDT
ApeX Omni STXUSDT
Extended STX-USD
GMX STX/USD [WBTC.b-USDC]
Hyperliquid STX