ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.080%

Price spread now: Kraken Futures against Injective−2.414%7-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 7 days−0.869%−$87 on $10k

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 2.414% cheaper against Injective than usual: you would sell low and buy high (spread −2.414% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$241 on $10k: about years of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.869%, 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 ETHFI/USDC PERP	0.7240	0.0033	pay 0.0004% / 1h	18m 28s	$321	$51K	5.5x
Short	Kraken Futures PF_ETHFIUSD	0.7065	0.0044	get 0.0005% / 1h	18m 28s	$264K	$209K	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 −2.414%Rate

Funding earned: $2.2
Price spread: −2.414% → 0.000%: −$241.39
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: −$249.21
Costs to cover: 0.100%
Break-even: 799.3 days

Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 39 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, 39 min ago	26.16 bp	39.1 bp −$39	128.2 bp −$1,282	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.

ETHFI on 24 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 ETHFI_USDC-PERPETUAL	−0.0598%	1h	0.7066	−2.403%	$40K	$12K	10x	as long as short
HTX ETHFI-USDT	−0.0321%	4h	0.7043	−2.721%	$87K	$168K	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0226%	4h	0.7050	−2.624%	$16K	$1K	10x	as long as short
Injective ETHFI/USDC PERPlong	+0.0033%	1h	0.7240	long leg	$321	$51K	5.5x
Kraken Futures PF_ETHFIUSDshort	+0.0044%	1h	0.7065	−2.414%	$264K	$209K	20x
Paradex ETHFI-USD-PERP	+0.0051%	8h	0.7056	−2.537%	$6K	—	5x	as long as short
Lighter ETHFI	+0.0096%	1h	0.7063	−2.441%	$1.1M	$879K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7063	−2.448%	$17.5M	$7.9M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7064	−2.431%	$180K	$263K	10x	as long as short
Binance ETHFIUSDT	+0.0100%	4h	0.7049	−2.636%	$24.5M	$35.2M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHFIUSDT	+0.0100%	4h	0.7053	−2.583%	$17.6M	$12.6M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7059	−2.500%	$5.1M	$12.4M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7058	−2.514%	$1.7M	$2.0M	75x	as long as short
MEXC ETHFI_USDT	+0.0100%	4h	0.7054	−2.569%	$15.7M	$4.0M	125x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7062	−2.459%	$1.2M	$228K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7056	−2.541%	$6.1M	$5.2M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.7056	−2.541%	—	$1.2M	—	as long as short
Variational Omni ETHFI	+0.0100%	4h	0.7055	−2.553%	$979K	$701K	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7072	−2.323%	$70K	$118K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7070	−2.348%	$2K	$1.1M	20x	as long as short
Extended ETHFI-USD	+0.0104%	1h	0.7053	−2.583%	$97K	$379K	10x	as long as short
Aevo ETHFI-PERP	+0.0104%	1h	0.7058	−2.510%	$8K	—	3x	as long as short
BloFin ETHFI-USDT	+0.0340%	4h	0.7065	−2.417%	$1.2M	$248K	75x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0624%	1h	0.7096	−1.989%	$31K	$6K	50x	as long as short