Funding you earn now, next payment 05:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.10 per $10,000 · paid last 24h −0.057%
Price spread now: Kraken Futures against Injective−1.413%63s7-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
Funding pays, the price is against you. Kraken Futures is 1.413% cheaper against Injective than usual: you would sell low and buy high (spread −1.413% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$141 on $10k: about 57 days of funding at the current rate (+$2 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 XTZ/USDC PERP | 0.3484 | 0.0033 | pay 0.0004% / 1h | 47m 56s | $62 | $17K | 5.5x |
| Short | Kraken Futures PF_XTZUSD | 0.3435 | 0.0116 | get 0.0014% / 1h | 47m 56s | $281K | $254K | 50x |
Injective XTZ/USDC PERP
Kraken Futures PF_XTZUSDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $17.29
- Price spread: −1.413% → 0.000%
- −$141.35
- 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
- −$134.08
- Costs to cover
- 0.100%
- Break-even
- 61.3 days
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 5 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, 5 min ago | 5.82 bp | 23.9 bp −$24 | 80.3 bp −$803 | 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.
XTZ on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget XTZUSDT | −0.0050% | 4h | 0.3429 | −1.579% | $925K | $935K | 75x | as long as short |
| Injective XTZ/USDC PERPlong | +0.0033% | 1h | 0.3484 | long leg | $62 | $17K | 5.5x | |
| BloFin XTZ-USDT | +0.0094% | 4h | 0.3418 | −1.894% | $280K | $96K | 75x | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3430 | −1.550% | $4.7M | $9.7M | 75x | as long as short |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3432 | −1.493% | $2.7M | $2.8M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3431 | −1.521% | $1.2M | $1.3M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3429 | −1.579% | $635K | $164K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3430 | −1.550% | $2.1M | $671K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3431 | −1.521% | $631K | $193K | 30x | as long as short |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3432 | −1.493% | — | $1.1M | — | as long as short |
Bitget XTZUSDT
BloFin XTZ-USDT
Binance XTZUSDT
Bybit XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC XTZ_USDT
KuCoin XTZUSDTM
BingX XTZ-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XTZ | +0.0100% | 4h | 0.3428 | −1.596% | $86K | $331K | — | as long as short |
| Kraken Futures PF_XTZUSDshort | +0.0116% | 1h | 0.3435 | −1.413% | $281K | $254K | 50x |
Variational Omni XTZ