Funding you earn now, next payment 08:00 UTC+0.0307%/8h= +33.7% APRnext payment +$0.38 per $10,000 · paid last 24h +0.006%
Price spread now: Kraken Futures against Injective−3.838%63s7-day average −0.623% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 4 days (all we have)+3.657%+$366 · spread now −3.838%, 7d avg −0.623%
=Funding pays, the price is against you. Kraken Futures is 3.215% cheaper against Injective than usual: you would sell low and buy high (spread −3.838% now, against its 7-day average of −0.623%). If the spread goes back, that is −$322 on $10k: about 35 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.051% in total) that is about 15 months. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.051% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.38 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective DOT/USDC PERP | 1.2020 | 0.0033 | pay 0.0004% / 1h | 22m 00s | $328 | $121K | 12x |
| Short | Kraken Futures PF_DOTUSD | 1.1559 | 0.0341 | get 0.0043% / 1h | 22m 00s | $4.3M | $1.5M | 50x |
Injective DOT/USDC PERP
Kraken Futures PF_DOTUSDFunding 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
- $64.57
- Price spread: −3.838% → −0.623%
- −$321.51
- 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
- −$266.96
- Costs to cover
- 0.100%
- Break-even
- 35.9 days
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 2 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, 2 min ago | 3.90 bp | 14.8 bp −$15 | 27.2 bp −$272 | 129.5 bp −$12.9K | 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.
DOT on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit DOT_USDC-PERPETUAL | −0.4057% | 1h | 1.1559 | −3.835% | $246K | $155K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1546 | −3.942% | $250 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0104% | 1h | 1.1560 | −3.827% | $168K | $2.0M | 50x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1553 | −3.886% | $3K | — | 150x | as long as short |
| dYdX DOT-USD | +0.0001% | 1h | 1.1560 | −3.829% | $139K | $6K | 10x | as long as short |
| Injective DOT/USDC PERPlong | +0.0033% | 1h | 1.2020 | long leg | $328 | $121K | 12x | |
| Lighter DOT | +0.0096% | 1h | 1.1553 | −3.885% | $243K | $674K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1553 | −3.885% | $5.5M | $4.7M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1554 | −3.877% | $832K | $608K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1554 | −3.877% | $42.1M | $89.2M | 75x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
gTrade (Gains Network) DOT/USD
dYdX DOT-USD
Lighter DOT
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOTUSDT | +0.0100% | 8h | 1.1548 | −3.927% | $23.4M | $20.5M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1552 | −3.894% | $8.9M | $25.3M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1550 | −3.910% | $6.5M | $13.1M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1554 | −3.877% | $27.1M | $63.4M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1555 | −3.869% | $6.1M | $9.4M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1550 | −3.910% | $22.2M | $14.5M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1551 | −3.902% | — | $9.5M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1554 | −3.877% | $87K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1561 | −3.816% | $526K | $50K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1570 | −3.746% | $34K | $335K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1570 | −3.745% | $222K | $425K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1550 | −3.910% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1570 | −3.744% | $2K | $1.4M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1548 | −3.927% | $260K | $282K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1547 | −3.936% | $16K | $275K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1550 | −3.910% | $1.9M | $900K | 75x | as long as short |
| Phemex DOTUSDT | +0.0222% | 8h | 1.1560 | −3.827% | $2.3M | $2.2M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0290% / S −0.0937% | 1h | 1.1552 | −3.890% | $20K | — | 100x | as long as short |
| Kraken Futures PF_DOTUSDshort | +0.0341% | 1h | 1.1559 | −3.838% | $4.3M | $1.5M | 50x |
Bybit DOTUSDT
OKX DOT-USDT-SWAP
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
Bitget DOTUSDT
BingX DOT-USDT
Backpack DOT_USDC_PERP
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
BloFin DOT-USDT
Phemex DOTUSDT
GMX DOT/USD [WBTC.b-USDC]