W

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0682%/8h= +74.7% APRnext payment +$0.85 per $10,000 · paid last 24h +0.032%

Price spread now: Kraken Futures against Injective−1.729%63s7-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

Funding pays, the price is against you. Kraken Futures is 1.729% cheaper against Injective than usual: you would sell low and buy high (spread −1.729% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$173 on $10k: about 8.4 days of funding at the current rate (+$20 a day). The two prices were read 63 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 W/USDC PERP	0.01209	0.0033	pay 0.0004% / 1h	45m 51s	$1K	$1K	12x
Short	Kraken Futures PF_WUSD	0.01188	0.0716	get 0.0089% / 1h	45m 51s	$147K	$181K	20x

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 −1.729%Rate

Funding earned: $143.26
Price spread: −1.729% → 0.000%: −$172.93
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: −$39.69
Costs to cover: 0.100%
Break-even: 8.9 days

Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 32 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 Kraken Futures live order book, 32 min ago	10.60 bp	49.1 bp −$49	doesn't fit	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.

W on 17 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
OKX W-USDT-SWAP	−0.0028%	4h	0.01184	−2.109%	$1.3M	$2.0M	20x	as long as short
Deribit W_USDC-PERPETUAL	0.0000%	1h	0.01186	−1.911%	$17K	$1K	10x	as long as short
Injective W/USDC PERPlong	+0.0033%	1h	0.01209	long leg	$1K	$1K	12x
Hyperliquid W	+0.0100%	1h	0.01186	−1.902%	$2.0M	$423K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01185	−1.954%	$3.0M	$6.8M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01183	−2.142%	$4.1M	$1.9M	50x	as long as short
Gate W_USDT	+0.0100%	4h	0.01186	−1.935%	$447K	$290K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01185	−1.969%	$12.9M	$1.4M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01186	−1.902%	$459K	$211K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01185	−1.985%	$1.3M	$573K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01184	−2.026%	—	$6.9M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01180	−2.370%	$71K	$42K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01183	−2.139%	$130K	$385K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01185	−1.980%	$59K	$228K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0248%	1h	0.01186	−1.886%	$14K	$16K	50x	as long as short
Kraken Futures PF_WUSDshort	+0.0716%	1h	0.01188	−1.729%	$147K	$181K	20x
Backpack W_USDC_PERP	+0.1008%	1h	0.01187	−1.844%	$44K	$47K	15x	as long as short