Funding you earn now, next payment 01:00 UTC+0.0095%/8h= +10.5% APRpaid last 24h +0.039%
Price spread now: Kraken Futures against Bybit+0.009%7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$670.671% of the position
Funding, last 7 days+0.315%+$32 on $10k
+Price spread, last 3 days (all we have)+0.093%+$9 · spread now +0.009%, 7d avg +0.108%
=Funding pays, the price is against you. Kraken Futures is 0.099% cheaper against Bybit than usual: you would sell low and buy high (spread +0.009% now, against its 7-day average of +0.108%). If the spread goes back, that is −$10 on $10k: about 3.4 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit INJUSDT | 7.8030 | 0.0100 | pay 0.0100% / 8h | 7h 02m | $21.9M | $31.2M | 50x |
| Short | Kraken Futures PF_INJUSD | 7.8037 | 0.0195 | get 0.0024% / 1h | 2m 47s | $883K | $3.0M | 50x |
Bybit INJUSDT
Kraken Futures PF_INJUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $20.05
- Price spread: +0.009% → +0.108%
- −$9.88
- Slippage, 4 orders
- −$46.15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$56.98
- Costs to cover
- 0.671%
- Break-even
- 26.9 days
Slippage from Bybit: live order book, 1 min ago; Kraken Futures: live order book, 1 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 Bybit live order book, 1 min ago | 0.64 bp | 15.1 bp −$15 | 48.1 bp −$481 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 7.69 bp | 17.5 bp −$18 | 30.9 bp −$309 | 465.3 bp −$46.5K | doesn't fit |
INJ 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya INJRUSDPERP | −0.0200% | 1h | 7.7972 | −0.075% | — | — | 20x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.8032 | +0.003% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.8020 | −0.013% | $3K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0030% | 1h | 7.8122 | +0.118% | $90K | $8K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.8005 | −0.032% | $70K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.8031 | +0.001% | $149K | $428K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8070 | +0.051% | $35.6M | $92.8M | 75x | as long as short |
| Bybit INJUSDTlong | +0.0100% | 8h | 7.8030 | long leg | $21.9M | $31.2M | 50x | |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8020 | −0.013% | $6.4M | $19.2M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.8050 | +0.026% | $2.8M | $5.0M | 50x | as long as short |
Reya INJRUSDPERP
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Aevo INJ-PERP
Aster INJUSDT
Binance INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8010 | −0.026% | $9.5M | $16.5M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.8040 | +0.013% | $14.4M | $10.1M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8131 | +0.129% | $278K | $154K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8160 | +0.167% | $48K | $311K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.8010 | −0.026% | $37K | $66K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.8012 | −0.023% | $116K | $469K | 10x | as long as short |
| Kraken Futures PF_INJUSDshort | +0.0195% | 1h | 7.8037 | +0.009% | $883K | $3.0M | 50x | |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7970 | −0.077% | $1.8M | $7.0M | 75x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.8050 | +0.026% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.8110 | +0.103% | $31.5M | $22.7M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0355% / S −0.0418% | 1h | 7.7999 | −0.040% | $46K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0418% | 1h | 7.8133 | +0.132% | $26.4M | $8.9M | 5x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0632% | 1h | 7.8480 | +0.577% | $384K | $637K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1436% | 1h | 7.8420 | +0.500% | $327K | $12.1M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Hyperliquid INJ
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP