ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.01 per $10,000 · paid last 24h +0.080%

Price spread now: Injective against Kraken Futures+2.546%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Injective

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

The price spread pays, funding is against you. Injective is 2.546% dearer against Kraken Futures than usual: you sell high and buy low (spread +2.546% now, against zero (this spread has no 7-day history yet)): +$255 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about years. Mind the row above: over the last 7 days funding on this pair paid +0.869%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ETHFIUSD	0.7060	0.0044	pay 0.0005% / 1h	17m 25s	$264K	$209K	20x
Short	Injective ETHFI/USDC PERP	0.7240	0.0033	get 0.0004% / 1h	17m 25s	$321	$51K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Kraken Futures. 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 Kraken FuturesbpFee InjectivebpOrdersPrice spread, now +2.546%Rate

Funding earned: −$2.21
Price spread: +2.546% → 0.000%: $254.61
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $242.38
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 40 min ago; Injective: no order-book sample. 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 Kraken Futures live order book, 40 min ago	26.16 bp	39.8 bp −$40	145.1 bp −$1,451	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	−0.0599%	1h	0.7061	+0.011%	$40K	$12K	10x	as long as short
HTX ETHFI-USDT	−0.0325%	4h	0.7048	−0.173%	$87K	$168K	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0228%	4h	0.7056	−0.060%	$16K	$1K	10x	as long as short
Injective ETHFI/USDC PERPshort	+0.0033%	1h	0.7240	+2.546%	$321	$51K	5.5x
Kraken Futures PF_ETHFIUSDlong	+0.0044%	1h	0.7060	long leg	$264K	$209K	20x
Paradex ETHFI-USD-PERP	+0.0047%	8h	0.7057	−0.049%	$6K	—	5x	as long as short
Lighter ETHFI	+0.0096%	1h	0.7063	+0.033%	$1.1M	$879K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7068	+0.111%	$17.5M	$7.9M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7061	+0.009%	$180K	$264K	10x	as long as short
Binance ETHFIUSDT	+0.0100%	4h	0.7061	+0.010%	$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	0.7059	−0.018%	$17.7M	$12.6M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7065	+0.067%	$5.1M	$12.4M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7066	+0.082%	$1.7M	$2.0M	75x	as long as short
MEXC ETHFI_USDT	+0.0100%	4h	0.7057	−0.046%	$15.7M	$4.0M	125x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7058	−0.032%	$1.2M	$228K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7060	−0.003%	$6.1M	$5.2M	75x	as long as short
BingX ETHFI-USDT	+0.0100%	4h	0.7063	+0.039%	—	$8.8M	—	as long as short
Variational Omni ETHFI	+0.0100%	4h	0.7055	−0.071%	$979K	$701K	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7075	+0.208%	$70K	$118K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7067	+0.096%	$2K	$1.1M	20x	as long as short
Extended ETHFI-USD	+0.0104%	1h	0.7055	−0.069%	$97K	$379K	10x	as long as short
Aevo ETHFI-PERP	+0.0104%	1h	0.7046	−0.198%	$8K	—	3x	as long as short
BloFin ETHFI-USDT	+0.0340%	4h	0.7065	+0.067%	$1.2M	$248K	75x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0624%	1h	0.7096	+0.506%	$31K	$6K	50x	as long as short