Funding you earn now, next payment 08:00 UTC−0.0466%/8h= −51.0% APRpaid last 24h −0.026%
Price spread now: Bybit against Kraken Futures−0.129%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$690.694% of the position
Funding, last 7 days−0.327%−$33 on $10k
+Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.129%, 7d avg −0.091%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bybit is 0.039% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.091%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_INJUSD | 7.7128 | 0.0566 | pay 0.0071% / 1h | 12m 57s | $808K | $3.6M | 50x |
| Short | Bybit INJUSDT | 7.7028 | 0.0100 | get 0.0100% / 8h | 12m 57s | $21.3M | $32.6M | 50x |
Kraken Futures PF_INJUSD
Bybit INJUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$97.77
- Price spread: −0.129% → −0.091%
- −$3.88
- Slippage, 4 orders
- −$48.39
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$171.04
- Costs to cover
- 0.694%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Bybit: 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 Kraken Futures live order book, 1 min ago | 5.18 bp | 16.6 bp −$17 | 41.8 bp −$418 | 3026.9 bp −$302.7K | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.30 bp | 15.8 bp −$16 | 44.5 bp −$445 | 154.9 bp −$15.5K | 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 | 7.7005 | −0.160% | — | — | 20x | as long as short |
| dYdX INJ-USD | 0.0000% | 1h | 7.7119 | −0.012% | $80K | $17K | 5x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0007% / S −0.0029% | 1h | 7.7040 | −0.114% | $17K | — | 150x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7040 | −0.114% | $70K | — | 3x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7050 | −0.101% | $34K | $83K | 10x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7042 | −0.111% | $148K | $447K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.7048 | −0.104% | $34.0M | $103.0M | 75x | as long as short |
| Bybit INJUSDTshort | +0.0100% | 8h | 7.7028 | −0.129% | $21.3M | $32.6M | 50x | |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.7100 | −0.036% | $6.1M | $20.6M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7020 | −0.140% | $2.7M | $5.9M | 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
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 | 7.7030 | −0.127% | $8.6M | $18.6M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7050 | −0.101% | $14.1M | $11.8M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.7018 | −0.142% | $273K | $144K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.7150 | +0.029% | $46K | $266K | 50x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7025 | −0.134% | $115K | $640K | 10x | as long as short |
| Deribit INJ_USDC-PERPETUAL | +0.0113% | 1h | 7.7071 | −0.074% | $6K | $26K | 25x | as long as short |
| BloFin INJ-USDT | +0.0220% | 8h | 7.7090 | −0.049% | $1.7M | $5.8M | 75x | as long as short |
| BingX INJ-USDT | +0.0248% | 8h | 7.7030 | −0.127% | — | $21.5M | — | as long as short |
| MEXC INJ_USDT | +0.0261% | 8h | 7.7050 | −0.101% | $30.6M | $20.8M | 300x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0326% / S −0.0344% | 1h | 7.7079 | −0.064% | $40K | — | 100x | as long as short |
| Hyperliquid INJ | +0.0476% | 1h | 7.7123 | −0.006% | $25.9M | $8.8M | 5x | as long as short |
| Kraken Futures PF_INJUSDlong | +0.0566% | 1h | 7.7128 | long leg | $808K | $3.6M | 50x | |
| Coinbase International INJ-PERP-INTX | +0.0608% | 1h | 7.7370 | +0.314% | $389K | $721K | 50x | as long as short |
| Injective INJ/USDC PERP | +0.1548% | 1h | 7.7430 | +0.392% | $316K | $12.5M | 30x | as long as short |
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]
Hyperliquid INJ
Coinbase International INJ-PERP-INTX
Injective INJ/USDC PERP