Funding you earn now, next payment 04:00 UTC−0.0059%/8h= −6.5% APRnext payment −$0.07 per $10,000 · paid last 24h +0.004%
Price spread now: Markets by Kinetiq against Injective+3.027%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Markets by Kinetiq is 3.027% dearer against Injective than usual: you sell high and buy low (spread +3.027% now, against zero (this spread has no 7-day history yet)): +$303 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6 months. At the pace of the last 7 days (−0.006% in total) that is about years.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective USTECH/USDC PERP | 721.89 | 0.0033 | pay 0.0004% / 1h | 34m 19s | $368 | $56K | 52x |
| Short | Markets by Kinetiq mkts:USTECH | 743.74 | −0.0026 | pay 0.0003% / 1h | 34m 19s | $3.2M | $4.8M | 25x |
Injective USTECH/USDC PERP
Markets by Kinetiq mkts:USTECHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Markets by Kinetiq 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
- −$12.4
- Price spread: +3.027% → 0.000%
- $302.68
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Markets by Kinetiq: 0.81 bp × 2 orders
- −$1.62
- Net
- $288.64
- Costs to cover
- 0.016%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Markets by Kinetiq: live order book, 3 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 Markets by Kinetiq live order book, 3 min ago | 0.27 bp | 1.7 bp −$2 | 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.
USTECH on 2 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 | |
|---|---|---|---|---|---|---|---|---|
| Markets by Kinetiq mkts:USTECHshort | −0.0026% | 1h | 743.74 | +3.027% | $3.2M | $4.8M | 25x | |
| Injective USTECH/USDC PERPlong | +0.0033% | 1h | 721.89 | long leg | $368 | $56K | 52x |