Funding you earn now, next payment 07:00 UTC−0.0214%/8h= −23.4% APRnext payment −$0.27 per $10,000 · paid last 24h +0.057%
Price spread now: Injective against Kraken Futures−0.365%63s7-day average +1.811% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.153%+$15 on $10k
+Price spread, last 4 days (all we have)−1.796%−$180 · spread now −0.365%, 7d avg +1.811%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 2.175% cheaper against Kraken Futures than usual: you would sell low and buy high (−$218 if the spread goes back to its 7-day average of +1.811%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.153%, so the current rate has only just turned against you. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_FILUSD | 0.9891 | 0.0247 | pay 0.0031% / 1h | 27m 28s | $1.3M | $2.2M | 50x |
| Short | Injective FIL/USDC PERP | 0.9855 | 0.0033 | get 0.0004% / 1h | 27m 28s | $2K | $240K | 12x |
Kraken Futures PF_FILUSD
Injective FIL/USDC PERPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$44.84
- Price spread: −0.365% → +1.811%
- −$217.51
- 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
- −$272.37
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 1 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, 1 min ago | 4.05 bp | 15.4 bp −$15 | 31.7 bp −$317 | 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.
FIL 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 FIL_USDC-PERPETUAL | −0.0457% | 1h | 0.9889 | −0.021% | $170K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0248% | 1h | 0.9919 | +0.283% | $352K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9888 | −0.032% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9901 | +0.097% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERPshort | +0.0033% | 1h | 0.9855 | −0.365% | $2K | $240K | 12x | |
| OKX FIL-USDT-SWAP | +0.0048% | 8h | 0.9906 | +0.151% | $17.9M | $109.0M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0057% | 8h | 0.9899 | +0.080% | $7.0M | $8.0M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9900 | +0.088% | $148K | $355K | 5x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9904 | +0.131% | $15.6M | $20.5M | 25x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9907 | +0.162% | $8.3M | $9.4M | 5x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
Lighter FIL
Bybit FILUSDT
Hyperliquid FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FILUSDT | +0.0100% | 8h | 0.9904 | +0.135% | $505K | $606K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9904 | +0.134% | $55.6M | $187.2M | 75x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9904 | +0.131% | $8.2M | $16.7M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9898 | +0.070% | $230K | $104K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9903 | +0.121% | $11.2M | $20.1M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9901 | +0.101% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9885 | −0.064% | $439K | $273K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9888 | −0.030% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9888 | −0.034% | $288K | $1.3M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9890 | −0.011% | $27K | $184K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9893 | +0.024% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9880 | −0.112% | $3K | $1.2M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9886 | −0.051% | $480 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9894 | +0.030% | $615K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9880 | −0.112% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9901 | +0.103% | $693K | $1.4M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9895 | +0.040% | $2.7M | $675K | 75x | as long as short |
| Kraken Futures PF_FILUSDlong | +0.0247% | 1h | 0.9891 | long leg | $1.3M | $2.2M | 50x | |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0600% / S −0.0280% | 1h | 0.9889 | −0.026% | $264K | — | 100x | as long as short |
Aster FILUSDT
Binance FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDC
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
Extended FIL-USD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]