ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h +0.039%

Price spread now: Kraken Futures against Injective+0.029%7-day average −0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$720.720% of the position

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 3 days (all we have)+0.037%+$4 · spread now +0.029%, 7d avg −0.057%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.086% dearer against Injective than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.057%. Mind the row above: over the last 7 days funding on this pair cost −0.080%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ETH/USDC PERP	2,750.5	0.0209	pay 0.0026% / 1h	47m 15s	$118K	$22.5M	52x
Short	Kraken Futures PF_ETHUSD	2,751.3	0.0354	get 0.0044% / 1h	47m 15s	$93.2M	$315.9M	100x

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 +0.029%Rate

Funding earned: $30.29
Price spread: +0.029% → −0.057%: $8.57
Slippage, 4 orders: −$61.96
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$33.12
Costs to cover: 0.720%
Break-even: 14.7 days

Slippage from Injective: live order book, 2 min ago; Kraken Futures: live order book, 2 min ago.

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 live order book, 2 min ago	15.94 bp	16.0 bp −$16	16.0 bp −$160	16.0 bp −$1,595	20803.1 bp −$10.40M
Sell Kraken Futures live order book, 2 min ago	0.18 bp	6.0 bp −$6	7.1 bp −$71	8.8 bp −$876	12.3 bp −$6,135

ETH on 55 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
Perpl ETH	−0.0447%	43m	2,751.3	+0.028%	$315K	$6.2M	8.3x	as long as short
ApeX Omni ETHUSDT	−0.0175%	1h	2,753.4	+0.107%	$8.8M	$31.6M	100x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,751.7	+0.044%	$5K	$1K	50x	as long as short
RISEx ETH/USDC	−0.0071%	1h	2,751.9	+0.050%	$5.5M	$11.3M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,751.1	+0.023%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,756.3	+0.211%	$865K	$3.1M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,750.6	+0.003%	$10.9M	$42.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,751.3	+0.029%	$22.2M	—	200x	as long as short
01 Exchange ETHUSD	+0.0008%	1h	2,751.9	+0.051%	$181K	$1.1M	50x	as long as short
BingX ETH-USDT	+0.0028%	8h	2,751.2	+0.027%	—	$1.20B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0036%	8h	2,750.8	+0.012%	$1.68B	$11.10B	100x	as long as short
Aster ETHUSDT	+0.0055%	8h	2,751.9	+0.052%	$255.9M	$856.9M	200x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,747.4	−0.111%	$4.9M	$168K	20x	as long as short
HTX ETH-USDT	+0.0058%	8h	2,749.7	−0.029%	$1.07B	$1.22B	200x	as long as short
MEXC ETH_USDT	+0.0063%	8h	2,750.5	+0.001%	$1.58B	$2.53B	500x	as long as short
Binance ETHUSDT	+0.0065%	8h	2,750.6	+0.002%	$6.36B	$16.32B	150x	as long as short
Deribit ETH-PERPETUAL	+0.0066%	1h	2,751.7	+0.044%	$258.8M	$201.9M	50x	as long as short
Gate ETH_USDT	+0.0067%	8h	2,751.4	+0.032%	$3.33B	$8.74B	200x	as long as short
KuCoin ETHUSDTM	+0.0081%	8h	2,750.6	+0.005%	$384.3M	$606.5M	100x	as long as short
Bitget ETHUSDT	+0.0084%	8h	2,750.3	−0.008%	$2.07B	$2.86B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,751.3	+0.029%	$59.6M	$4.40B	50x	as long as short
Lighter ETH	+0.0096%	1h	2,750.8	+0.010%	$113.2M	$439.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,752.1	+0.059%	$25.0M	$106.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,752.1	+0.058%	—	$35.6M	500x	as long as short
Aftermath Perps ETHUSD	+0.0096%	1h	2,751.6	+0.041%	$30K	$21K	20x	as long as short
Variational Omni ETH	+0.0097%	8h	2,750.3	−0.007%	$133.4M	$346.5M	—	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,754.1	+0.132%	$15.9M	$8.2M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,751	+0.018%	$470K	$2.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,751.1	+0.020%	$14.0M	$113.4M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,752.9	+0.087%	$3.13B	$2.14B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,751.3	+0.031%	$31.6M	$333.7M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,750.9	+0.014%	$2.47B	$4.36B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,750.2	−0.011%	$2.8M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,752.2	+0.060%	$2.8M	$16.8M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,751.4	+0.032%	$167.5M	$300.9M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,751.2	+0.024%	$15.0M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,752.9	+0.088%	$184.4M	$735.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,753.1	+0.095%	$160.1M	$82.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,753.9	+0.124%	$21.3M	$66.3M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,752.1	+0.059%	—	$871K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,750.8	+0.011%	$10.4M	$8.0M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,750.9	+0.013%	$183K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,751.9	+0.050%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,751.8	+0.048%	$42.0M	$29.0M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,750.3	−0.007%	$964K	$12.6M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,750.2	−0.011%	$54.8M	$187.6M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,750.2	−0.009%	$267.6M	$66.3M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,748.9	−0.057%	$30.8M	$74.6M	50x	as long as short
Kalshi KXETHPERP	+0.0134%	8h	2,751.3	+0.029%	$7.7M	$672.9M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0161%	8h	2,752.9	+0.089%	$32.4M	$11.2M	100x	as long as short
Hibachi ETH/USDT-P	+0.0176%	1h	2,754.3	+0.139%	$250K	$1.5M	20x	as long as short
BloFin ETH-USDT	+0.0180%	8h	2,752.8	+0.085%	$285.0M	$179.1M	150x	as long as short
Injective ETH/USDC PERPlong	+0.0209%	1h	2,750.5	long leg	$118K	$22.5M	52x
Reya ETHRUSDPERP	+0.0217%	1h	2,750.5	+0.001%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSDshort	+0.0354%	1h	2,751.3	+0.029%	$93.2M	$315.9M	100x