VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.04 per $10,000 · paid last 24h −0.100%

Price spread now: Injective against Kraken Futures−0.368%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.715%+$71 on $10k

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 −$1 a day on $10k at the current rate, and Injective is 0.368% cheaper against Kraken Futures than usual: you would sell low and buy high (−$37 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.715%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_VIRTUALUSD	0.7143	0.0064	pay 0.0008% / 1h	8m 29s	$565K	$745K	50x
Short	Injective VIRTUAL/USDC PERP	0.7117	0.0033	get 0.0004% / 1h	8m 29s	$46	$88K	5.5x

Funding 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 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 Kraken FuturesbpFee InjectivebpOrdersPrice spread, now −0.368%Rate

Funding earned: −$6.36
Price spread: −0.368% → 0.000%: −$36.76
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: −$53.14
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 38 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, 38 min ago	9.80 bp	23.7 bp −$24	57.5 bp −$575	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.

VIRTUAL on 33 exchanges

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
Deribit VIRTUAL_USDC-PERPETUAL	−0.0170%	1h	0.7135	−0.116%	$25K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7133	−0.143%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0111%	1h	0.7136	−0.107%	$11K	$32K	5x	as long as short
Lighter VIRTUAL	−0.0104%	1h	0.7138	−0.072%	$324K	$376K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7136	−0.108%	$22K	—	150x	as long as short
Injective VIRTUAL/USDC PERPshort	+0.0033%	1h	0.7117	−0.368%	$46	$88K	5.5x
SoDEX VIRTUAL-USD	+0.0059%	1h	0.7135	−0.123%	$1K	$9K	5x	as long as short
Kraken Futures PF_VIRTUALUSDlong	+0.0064%	1h	0.7143	long leg	$565K	$745K	50x
Polymarket Perps VIRTUAL-USD	+0.0064%	1h	0.7137	−0.082%	$33K	$1.0M	5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0083%	4h	0.7133	−0.144%	$15K	$1.7M	10x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VIRTUAL	+0.0100%	1h	0.7156	+0.177%	$8.9M	$3.5M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7142	−0.019%	$100K	$306K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7145	+0.030%	$70K	$39K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7138	−0.067%	$15.9M	$40.5M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7137	−0.088%	$16.8M	$18.4M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7135	−0.116%	$2.8M	$9.8M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7144	+0.010%	$1.5M	$3.2M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7143	−0.004%	$14.5M	$5.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7144	+0.010%	$3.4M	$4.6M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7145	+0.024%	$6.1M	$5.2M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7141	−0.032%	—	$7.7M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7140	−0.046%	$243K	$180K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7124	−0.274%	$676K	$577K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7131	−0.166%	$19K	$252K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7129	−0.201%	$637K	$1.5M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7132	−0.158%	$40K	$234K	50x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7140	−0.046%	$1K	$1.3M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7136	−0.096%	$54K	$309K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7131	−0.172%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0312% / S −0.0258%	1h	0.7130	−0.181%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7137	−0.088%	$772K	$937K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0480%	1h	0.7167	+0.332%	$201K	$94K	50x	as long as short
01 Exchange VIRTUALUSD	+0.6320%	1h	0.7406	+3.678%	$2K	$393	10x	as long as short