IO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.5373%/8h= −588.3% APRnext payment −$6.72 per $10,000 · paid last 24h −4.397%

Price spread now: Injective against Kraken Futures−0.181%63s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$161 a day on $10k at the current rate, and Injective is 0.181% cheaper against Kraken Futures than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_IOUSD	0.1495	0.5935	pay 0.0742% / 1h	15m 52s	$39K	$7K	10x
Short	Injective IO/USDC PERP	0.1492	0.0563	get 0.0070% / 1h	15m 52s	$2K	$200	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee InjectivebpOrdersPrice spread, now −0.181%Rate

Funding earned: −$1,128.26
Price spread: −0.181% → 0.000%: −$18.07
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,156.36
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Injective: no order-book sample. Net counts fees only.

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 no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Kraken Futures and Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

IO on 14 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
Hyperliquid IO	+0.0100%	1h	0.1493	−0.141%	$1.0M	$275K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1492	−0.204%	$23K	$42K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1491	−0.248%	$3.0M	$5.0M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1491	−0.248%	$1.1M	$641K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1491	−0.241%	$231K	$473K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1491	−0.248%	$1.2M	$217K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1491	−0.248%	$342K	$196K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1491	−0.248%	$1.4M	$976K	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1491	−0.248%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1490	−0.330%	$30K	$18K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1491	−0.275%	$3K	$209K	5x	as long as short
BloFin IO-USDT	+0.0144%	4h	0.1493	−0.114%	$191K	$33K	50x	as long as short
Injective IO/USDC PERPshort	+0.0563%	1h	0.1492	−0.181%	$2K	$200	5.5x
Kraken Futures PF_IOUSDlong	+0.5935%	1h	0.1495	long leg	$39K	$7K	10x