INJ

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0090%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h +0.021%

Price spread now: Kraken Futures against Extended+0.032%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$570.572% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.349%+$35 on $10k

Price spread, last 3 days (all we have)+0.098%+$10 · spread now +0.032%, 7d avg +0.080%

Together, before fees+0.447%+ Points / potential airdropExtended: Active · farm board+$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.048% cheaper against Extended than usual: you would sell low and buy high (spread +0.032% now, against its 7-day average of +0.080%). If the spread goes back, that is −$5 on $10k: about 43 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended INJ-USD	7.8668	0.0104	pay 0.0013% / 1h	48m 58s	$118K	$517K	10x
Short	Kraken Futures PF_INJUSD	7.8694	0.0194	get 0.0024% / 1h	48m 58s	$889K	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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 ExtendedbpFee Kraken FuturesbpOrdersPrice spread, now +0.032%Rate

Funding earned: $18.87
Price spread: +0.032% → +0.080%: −$4.83
Slippage, 4 orders: −$42.15
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$43.11
Costs to cover: 0.572%
Break-even: 23.0 days

Slippage from Extended: live order book, 24 min ago; Kraken Futures: live order book, 5 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 Extended live order book, 24 min ago	2.55 bp	11.9 bp −$12	107.0 bp −$1,070	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	7.00 bp	15.9 bp −$16	27.5 bp −$275	463.1 bp −$46.3K	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
Bybit INJUSDT	−0.0344%	8h	7.8630	−0.049%	$22.0M	$31.8M	50x	as long as short
Reya INJRUSDPERP	−0.0200%	1h	7.8591	−0.099%	—	—	20x	as long as short
Gate INJ_USDT	−0.0061%	8h	7.8640	−0.036%	$2.8M	$4.9M	50x	as long as short
ApeX Omni INJUSDT	−0.0025%	1h	7.8570	−0.125%	$48K	$349K	50x	as long as short
dYdX INJ-USD	0.0000%	1h	7.8547	−0.154%	$91K	$8K	5x	as long as short
Deribit INJ_USDC-PERPETUAL	0.0000%	1h	7.8679	+0.014%	$6K	$24K	25x	as long as short
gTrade (Gains Network) INJ/USD	L +0.0006% / S −0.0002%	1h	7.8605	−0.081%	$3K	—	150x	as long as short
Variational Omni INJ	+0.0096%	8h	7.8483	−0.236%	$280K	$160K	—	as long as short
Aevo INJ-PERP	+0.0096%	1h	7.8487	−0.231%	$71K	—	3x	as long as short
Orderly PERP_INJ_USDC	+0.0100%	8h	7.8630	−0.049%	$38K	$66K	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster INJUSDT	+0.0100%	8h	7.8679	+0.013%	$150K	$443K	20x	as long as short
Binance INJUSDT	+0.0100%	8h	7.8703	+0.044%	$35.8M	$94.3M	75x	as long as short
OKX INJ-USDT-SWAP	+0.0100%	8h	7.8690	+0.028%	$6.4M	$20.0M	50x	as long as short
KuCoin INJUSDTM	+0.0100%	8h	7.8670	+0.002%	$9.5M	$16.6M	50x	as long as short
Bitget INJUSDT	+0.0100%	8h	7.8670	+0.002%	$14.5M	$10.4M	75x	as long as short
Extended INJ-USDlong	+0.0104%	1h	7.8668	long leg	$118K	$517K	10x
Kraken Futures PF_INJUSDshort	+0.0194%	1h	7.8694	+0.032%	$889K	$3.0M	50x
BloFin INJ-USDT	+0.0220%	8h	7.8670	+0.002%	$1.8M	$7.7M	75x	as long as short
BingX INJ-USDT	+0.0271%	8h	7.8580	−0.112%	—	$21.5M	—	as long as short
MEXC INJ_USDT	+0.0285%	8h	7.8700	+0.040%	$31.8M	$22.6M	300x	as long as short
GMX INJ/USD [WBTC.b-USDC]	L +0.0356% / S −0.0418%	1h	7.8622	−0.058%	$47K	—	100x	as long as short
Hyperliquid INJ	+0.0621%	1h	7.8774	+0.134%	$26.6M	$9.2M	5x	as long as short
Coinbase International INJ-PERP-INTX	+0.0632%	1h	7.8720	+0.066%	$385K	$663K	50x	as long as short
Injective INJ/USDC PERP	+0.1436%	1h	7.8850	+0.231%	$329K	$12.1M	30x	as long as short