Funding you earn now, next payment 07:00 UTC−0.1125%/8h= −123.2% APRnext payment −$1.41 per $10,000 · paid last 24h −0.351%
Price spread now: Kraken Futures against Injective−0.455%7-day average −0.171% · you buy dearer than you sell
Net, funding: paid 7d − costs−$234as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$850.846% of the position
Funding, last 7 days−1.491%−$149 on $10k
+Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.455%, 7d avg −0.171%
=Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Kraken Futures is 0.284% cheaper against Injective than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.171%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective INJ/USDC PERP | 7.6690 | 0.1179 | pay 0.0147% / 1h | 28m 48s | $320K | $12.1M | 30x |
| Short | Kraken Futures PF_INJUSD | 7.6341 | 0.0054 | get 0.0007% / 1h | 28m 48s | $777K | $3.5M | 50x |
Injective INJ/USDC PERP
Kraken Futures PF_INJUSDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$236.3
- Price spread: −0.455% → −0.171%
- −$28.43
- Slippage, 4 orders
- −$74.53
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$349.28
- Costs to cover
- 0.846%
- Break-even
- never at this rate
Slippage from Injective: live order book, 5 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 Injective live order book, 5 min ago | 26.80 bp | 26.8 bp −$27 | 209.1 bp −$2,091 | 83465.9 bp −$8.35M | 457329.4 bp −$228.66M |
| Sell Kraken Futures live order book, 5 min ago | 7.84 bp | 17.2 bp −$17 | 37.5 bp −$375 | 383.8 bp −$38.4K | 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 | 7.6278 | −0.537% | — | — | 20x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0017% | 1h | 7.6332 | −0.467% | $18K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0019% | 1h | 7.6308 | −0.498% | $79K | $17K | 5x | as long as short |
| Kraken Futures PF_INJUSDshort | +0.0054% | 1h | 7.6341 | −0.455% | $777K | $3.5M | 50x | |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6308 | −0.498% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6310 | −0.496% | $34K | $94K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.6328 | −0.473% | $139K | $421K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.6328 | −0.472% | $33.6M | $97.7M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.6273 | −0.544% | $21.1M | $31.6M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.6310 | −0.496% | $6.2M | $19.1M | 50x | as long as short |
Reya INJRUSDPERP
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate INJ_USDT | +0.0100% | 8h | 7.6310 | −0.496% | $2.6M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6300 | −0.509% | $8.5M | $18.3M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6270 | −0.548% | $14.1M | $10.5M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6292 | −0.519% | $271K | $150K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.6490 | −0.261% | $46K | $269K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6298 | −0.511% | $113K | $565K | 10x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.6350 | −0.443% | $1.6M | $5.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.6330 | −0.469% | — | $21.3M | — | as long as short |
| Hyperliquid INJ | +0.0258% | 1h | 7.6430 | −0.339% | $25.7M | $8.6M | 5x | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.6320 | −0.482% | $29.8M | $20.1M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0268% / S −0.0198% | 1h | 7.6312 | −0.493% | $29K | — | 100x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0392% | 1h | 7.6342 | −0.454% | $7K | $25K | 25x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0464% | 1h | 7.6830 | +0.183% | $383K | $674K | 50x | as long as short |
| Injective INJ/USDC PERPlong | +0.1179% | 1h | 7.6690 | long leg | $320K | $12.1M | 30x |
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
BloFin INJ-USDT
BingX INJ-USDT
Hyperliquid INJ
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Deribit INJ_USDC-PERPETUAL
Coinbase International INJ-PERP-INTX