Funding you earn now, next payment 11:00 UTC−0.0779%/8h= −85.3% APRpaid last 24h +0.010%
Price spread now: BingX against Kraken Futures−0.187%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$500.500% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.187%, 7d avg −0.076%
=Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and BingX is 0.111% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.076%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_INJUSD | 7.6833 | 0.1027 | pay 0.0128% / 1h | 48m 39s | $894K | $3.5M | 50x |
| Short | BingX INJ-USDT | 7.6690 | 0.0248 | get 0.0248% / 8h | 5h 48m | — | $21.6M | — |
Kraken Futures PF_INJUSD
BingX INJ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$163.56
- Price spread: −0.187% → −0.076%
- −$11.07
- Slippage, 4 orders
- −$30
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$224.63
- Costs to cover
- 0.500%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; BingX: live order book, 8 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, 3 min ago | 4.56 bp | 20.7 bp −$21 | 38.4 bp −$384 | 3923.7 bp −$392.4K | doesn't fit |
| Sell BingX live order book, 8 min ago | 0.65 bp | 7.2 bp −$7 | 11.4 bp −$114 | 24.8 bp −$2,477 | 74.0 bp −$37.0K |
INJ on 24 exchanges
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 | 7.6701 | −0.172% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.6742 | −0.119% | $79K | $14K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0008% / S −0.0023% | 1h | 7.6784 | −0.064% | $18K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.6760 | −0.095% | $69K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.6770 | −0.082% | $34K | $72K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.6720 | −0.148% | $147K | $297K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.6697 | −0.177% | $34.0M | $96.0M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.6637 | −0.256% | $20.9M | $29.8M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.6650 | −0.239% | $5.8M | $20.4M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.6660 | −0.226% | $2.7M | $5.3M | 50x | as long as short |
Reya INJRUSDPERP
dYdX INJ-USD
gTrade (Gains Network) INJ/USD
Aevo INJ-PERP
Orderly PERP_INJ_USDC
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.6690 | −0.187% | $8.4M | $18.0M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.6640 | −0.252% | $14.1M | $11.0M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.6695 | −0.179% | $274K | $125K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.6790 | −0.056% | $46K | $264K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.6670 | −0.212% | $114K | $646K | 10x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0115% | 1h | 7.6805 | −0.037% | $5K | $11K | 25x | as long as short |
| Hyperliquid INJ | +0.0152% | 1h | 7.6760 | −0.095% | $25.8M | $7.8M | 5x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.6780 | −0.069% | $1.6M | $5.2M | 75x | as long as short |
| BingX INJ-USDTshort | +0.0248% | 8h | 7.6690 | −0.187% | — | $21.6M | — | |
| MEXC INJ_USDT | +0.0261% | 8h | 7.6710 | −0.161% | $30.6M | $20.3M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0324% / S −0.0344% | 1h | 7.6784 | −0.064% | $40K | — | 100x | as long as short |
| Coinbase International INJ-PERP-INTX | +0.0728% | 1h | 7.6890 | +0.074% | $384K | $647K | 50x | as long as short |
| Kraken Futures PF_INJUSDlong | +0.1027% | 1h | 7.6833 | long leg | $894K | $3.5M | 50x | |
| Injective INJ/USDC PERP | +0.1301% | 1h | 7.7160 | +0.425% | $317K | $12.4M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Extended INJ-USD
Deribit INJ_USDC-PERPETUAL
Hyperliquid INJ
BloFin INJ-USDT
MEXC INJ_USDT
GMX INJ/USD [WBTC.b-USDC]
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP