Funding you earn now, next payment 01:00 UTC+0.0218%/8h= +23.9% APRnext payment +$0.27 per $10,000 · paid last 24h +0.101%
Price spread now: Coinbase International against Kraken Futures+0.633%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$840.835% of the position
Funding, last 7 days−0.188%−$19 on $10k
+Price spread, last 3 days (all we have)−0.673%−$67 · spread now +0.633%, 7d avg +0.071%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.563% dearer against Kraken Futures than usual: you sell high and buy low: +$56 more if the spread goes back to its 7-day average of +0.071%. Mind the row above: over the last 7 days funding on this pair cost −0.188%, 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 | 7.7956 | 0.0406 | pay 0.0051% / 1h | 16m 36s | $867K | $3.0M | 50x |
| Short | Coinbase International INJ-PERP-INTX | 7.8450 | 0.0624 | get 0.0078% / 1h | 16m 36s | $383K | $603K | 50x |
Kraken Futures PF_INJUSD
Coinbase International INJ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $45.75
- Price spread: +0.633% → +0.071%
- $56.27
- Slippage, 4 orders
- −$63.5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $18.52
- Costs to cover
- 0.835%
- Break-even
- 4.2 days
Slippage from Kraken Futures: live order book, 2 min ago; Coinbase International: live order book, 52 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, 2 min ago | 8.94 bp | 15.6 bp −$16 | 40.0 bp −$400 | 2283.9 bp −$228.4K | doesn't fit |
| Sell Coinbase International live order book, 52 min ago | 10.20 bp | 25.0 bp −$25 | 63.0 bp −$630 | doesn't fit | doesn't fit |
INJ on 23 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 | 7.7886 | −0.090% | — | — | 20x | as long as short |
| Deribit INJ_USDC-PERPETUAL | 0.0000% | 1h | 7.7923 | −0.043% | $6K | $24K | 25x | as long as short |
| gTrade (Gains Network) INJ/USD | L +0.0006% / S −0.0002% | 1h | 7.7919 | −0.048% | $3K | — | 150x | as long as short |
| dYdX INJ-USD | +0.0020% | 1h | 7.7911 | −0.058% | $81K | $17K | 5x | as long as short |
| Aevo INJ-PERP | +0.0096% | 1h | 7.7907 | −0.062% | $70K | — | 3x | as long as short |
| Aster INJUSDT | +0.0100% | 8h | 7.7996 | +0.051% | $149K | $424K | 20x | as long as short |
| Binance INJUSDT | +0.0100% | 8h | 7.8056 | +0.128% | $35.4M | $91.4M | 75x | as long as short |
| Bybit INJUSDT | +0.0100% | 8h | 7.8038 | +0.105% | $22.0M | $30.9M | 50x | as long as short |
| OKX INJ-USDT-SWAP | +0.0100% | 8h | 7.8060 | +0.133% | $6.3M | $19.0M | 50x | as long as short |
| Gate INJ_USDT | +0.0100% | 8h | 7.7980 | +0.031% | $2.7M | $5.0M | 50x | as long as short |
Reya INJRUSDPERP
Deribit INJ_USDC-PERPETUAL
gTrade (Gains Network) INJ/USD
dYdX INJ-USD
Aevo INJ-PERP
Aster INJUSDT
Binance INJUSDT
Bybit INJUSDT
OKX INJ-USDT-SWAP
Gate INJ_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INJUSDTM | +0.0100% | 8h | 7.8030 | +0.095% | $9.3M | $16.5M | 50x | as long as short |
| Bitget INJUSDT | +0.0100% | 8h | 7.7960 | +0.005% | $14.3M | $10.2M | 75x | as long as short |
| Variational Omni INJ | +0.0100% | 8h | 7.8251 | +0.378% | $275K | $151K | — | as long as short |
| ApeX Omni INJUSDT | +0.0100% | 1h | 7.8210 | +0.326% | $47K | $280K | 50x | as long as short |
| Orderly PERP_INJ_USDC | +0.0100% | 8h | 7.7920 | −0.046% | $35K | $80K | 10x | as long as short |
| Extended INJ-USD | +0.0104% | 1h | 7.7979 | +0.029% | $116K | $365K | 10x | as long as short |
| GMX INJ/USD [WBTC.b-USDC] | L +0.0269% / S −0.0198% | 1h | 7.7896 | −0.077% | $30K | — | 100x | as long as short |
| BingX INJ-USDT | +0.0271% | 8h | 7.7990 | +0.043% | — | $21.4M | — | as long as short |
| MEXC INJ_USDT | +0.0285% | 8h | 7.7970 | +0.018% | $31.8M | $21.3M | 300x | as long as short |
| Hyperliquid INJ | +0.0390% | 1h | 7.8130 | +0.223% | $26.3M | $8.9M | 5x | as long as short |
| Kraken Futures PF_INJUSDlong | +0.0406% | 1h | 7.7956 | long leg | $867K | $3.0M | 50x | |
| Coinbase International INJ-PERP-INTXshort | +0.0624% | 1h | 7.8450 | +0.633% | $383K | $603K | 50x | |
| Injective INJ/USDC PERP | +0.1354% | 1h | 7.8380 | +0.544% | $327K | $12.1M | 30x | as long as short |
KuCoin INJUSDTM
Bitget INJUSDT
Variational Omni INJ
ApeX Omni INJUSDT
Orderly PERP_INJ_USDC
Extended INJ-USD
GMX INJ/USD [WBTC.b-USDC]
BingX INJ-USDT
MEXC INJ_USDT
Hyperliquid INJ
Injective INJ/USDC PERP