Funding you earn now, next payment 06:00 UTC+0.0310%/8h= +34.0% APRpaid last 24h −0.008%
Price spread now: Binance against Kraken Futures+0.083%7-day average −0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$570.565% of the position
Funding, last 7 days−0.346%−$35 on $10k
+Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.083%, 7d avg −0.049%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Binance is 0.132% dearer against Kraken Futures than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.049%. Mind the row above: over the last 7 days funding on this pair cost −0.346%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_INJUSD | 7.6876 | −0.0210 | get 0.0026% / 1h | 2m 35s | $797K | $3.5M | 50x |
| Short | Binance INJUSDT | 7.6940 | 0.0100 | get 0.0100% / 8h | 2h 02m | $33.9M | $97.9M | 75x |
Kraken Futures PF_INJUSD
Binance INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $65.18
- Price spread: +0.083% → −0.049%
- $13.22
- Slippage, 4 orders
- −$36.52
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $21.88
- Costs to cover
- 0.565%
- Break-even
- 4.7 days
Slippage from Kraken Futures: live order book, 1 min ago; Binance: live order book, 10 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 Kraken Futures live order book, 1 min ago | 5.21 bp | 24.0 bp −$24 | 35.7 bp −$357 | 2902.1 bp −$290.2K | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.65 bp | 9.8 bp −$10 | 20.9 bp −$209 | 116.2 bp −$11.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INJUSDlong | −0.0210% | 1h | 7.6876 | long leg | $797K | $3.5M | 50x | |
| Reya INJRUSDPERP | −0.0200% | 1h | 7.6786 | −0.118% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.6795 | −0.106% | $79K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0016% | 1h | 7.6800 | −0.099% | $19K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6810 | −0.086% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6820 | −0.073% | $35K | $94K | 10x | as long as short |
| Hyperliquid INJ | +0.0100% | 1h | 7.6872 | −0.006% | $25.9M | $8.7M | 5x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.6929 | +0.068% | $139K | $420K | 20x | as long as short |
| Binance INJUSDTshort | +0.0100% | 8h | 7.6940 | +0.083% | $33.9M | $97.9M | 75x | |
| Bybit INJUSDT | +0.0100% | 8h | 7.6909 | +0.043% | $21.2M | $31.7M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Hyperliquid INJ
Aster INJUSDT
Bybit INJUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.6880 | +0.005% | $6.2M | $19.2M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.6830 | −0.060% | $2.7M | $5.3M | 50x | as long as short |
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6830 | −0.060% | $8.6M | $18.2M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6910 | +0.044% | $14.1M | $10.4M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6702 | −0.227% | $272K | $150K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.6640 | −0.307% | $46K | $270K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6858 | −0.024% | $114K | $563K | 10x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0141% | 1h | 7.6837 | −0.051% | $7K | $25K | 25x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.6810 | −0.086% | $1.6M | $5.7M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.6900 | +0.031% | — | $20.8M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.6870 | −0.008% | $30.0M | $20.3M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0268% / S −0.0198% | 1h | 7.6818 | −0.076% | $29K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0480% | 1h | 7.6880 | +0.005% | $375K | $661K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1029% | 1h | 7.6880 | +0.005% | $321K | $12.1M | 30x | as long as short |
OKX INJ-USDT-SWAP
Gate INJ_USDT
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
Deribit INJ_USDC-PERPETUAL
BloFin INJ-USDT
BingX INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP