Funding you earn now, next payment 21:00 UTC−0.4418%/8h= −483.7% APRpaid last 24h −1.422%
Price spread now: Injective against KuCoin−1.832%55s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 −$133 a day on $10k at the current rate, and Injective is 1.832% cheaper against KuCoin than usual: you would sell low and buy high (−$183 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 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 | KuCoin USUALUSDTM | 0.01365 | 0.0100 | pay 0.0050% / 4h | 3h 30m | $285K | $66K | 20x |
| Short | Injective USUAL/USDC PERP | 0.01340 | −0.4318 | pay 0.0540% / 1h | 30m 33s | $6K | $2K | 5.5x |
KuCoin USUALUSDTM
Injective USUAL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against KuCoin. 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
- −$927.71
- Price spread: −1.832% → 0.000%
- −$183.15
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,122.88
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago | 22.03 bp | 279.4 bp −$279 | 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.
USUAL on 11 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 USUAL/USDC PERPshort | −0.4318% | 1h | 0.01340 | −1.832% | $6K | $2K | 5.5x | |
| Kraken Futures PF_USUALUSD | −0.1361% | 1h | 0.01364 | −0.042% | $111K | $25K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01365 | 0.000% | $388K | $241K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01365 | −0.030% | $2.1M | $3.6M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01366 | +0.059% | $1.0M | $973K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01364 | −0.073% | $910K | $257K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01365 | −0.022% | $6.0M | $284K | 100x | as long as short |
| KuCoin USUALUSDTMlong | +0.0100% | 4h | 0.01365 | long leg | $285K | $66K | 20x | |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01366 | +0.073% | $833K | $518K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01364 | −0.088% | — | $1.2M | — | as long as short |
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01365 | −0.023% | $10K | $100 | — | as long as short |
Variational Omni USUAL