Funding you earn now, next payment 04:00 UTC+0.1166%/8h= +127.7% APRnext payment +$1.46 per $10,000 · paid last 24h +0.151%
Price spread now: Kraken Futures against Injective−1.342%63s7-day average +2.064% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.629%+$163 on $10k
+Price spread, last 4 days (all we have)+5.084%+$508 · spread now −1.342%, 7d avg +2.064%
=Funding pays, the price is against you. Kraken Futures is 3.406% cheaper against Injective than usual: you would sell low and buy high (spread −1.342% now, against its 7-day average of +2.064%). If the spread goes back, that is −$341 on $10k: about 9.7 days of funding at the current rate (+$35 a day). 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 | Injective KAS/USDC PERP | 0.04361 | 0.0033 | pay 0.0004% / 1h | 16m 09s | $45 | $154K | 5.5x |
| Short | Kraken Futures PF_KASUSD | 0.04302 | 0.1200 | get 0.0150% / 1h | 16m 09s | $307K | $502K | 20x |
Injective KAS/USDC PERP
Kraken Futures PF_KASUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- $244.94
- Price spread: −1.342% → +2.064%
- −$340.57
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$105.64
- Costs to cover
- 0.100%
- Break-even
- 10.0 days
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 42 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 42 min ago | 3.51 bp | 42.5 bp −$42 | 157.6 bp −$1,576 | doesn't fit | doesn't fit |
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.
KAS on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) KAS/USD | L +0.0010% / S −0.0001% | 1h | 0.04299 | −1.424% | $4K | — | 150x | as long as short |
| Injective KAS/USDC PERPlong | +0.0033% | 1h | 0.04361 | long leg | $45 | $154K | 5.5x | |
| Binance KASUSDT | +0.0100% | 4h | 0.04304 | −1.307% | $4.2M | $12.8M | 75x | as long as short |
| Bybit KASUSDT | +0.0100% | 4h | 0.04299 | −1.422% | $10.7M | $7.7M | 50x | as long as short |
| Gate KAS_USDT | +0.0100% | 8h | 0.04300 | −1.399% | $2.1M | $1.8M | 75x | as long as short |
| MEXC KAS_USDT | +0.0100% | 4h | 0.04303 | −1.330% | $28.8M | $4.8M | 200x | as long as short |
| KuCoin KASUSDTM | +0.0100% | 4h | 0.04306 | −1.268% | $4.3M | $7.3M | 50x | as long as short |
| Bitget KASUSDT | +0.0100% | 4h | 0.04299 | −1.422% | $11.8M | $3.1M | 50x | as long as short |
| BingX KAS-USDT | +0.0100% | 4h | 0.04302 | −1.353% | — | $67.7M | — | as long as short |
| Variational Omni KAS | +0.0100% | 4h | 0.04298 | −1.439% | $23K | $23K | — | as long as short |
gTrade (Gains Network) KAS/USD
Binance KASUSDT
Bybit KASUSDT
Gate KAS_USDT
MEXC KAS_USDT
KuCoin KASUSDTM
Bitget KASUSDT
BingX KAS-USDT
Variational Omni KASShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster KASUSDT | +0.0111% | 4h | 0.04302 | −1.353% | $252K | $167K | 20x | as long as short |
| GMX KAS/USD [WBTC.b-USDC] | L +0.0283% / S −0.5451% | 1h | 0.04298 | −1.445% | $11K | — | 100x | as long as short |
| BloFin KAS-USDT | +0.0340% | 4h | 0.04299 | −1.422% | $377K | $294K | 75x | as long as short |
| Hyperliquid KAS | +0.0695% | 1h | 0.04310 | −1.181% | $2.8M | $1.1M | 3x | as long as short |
| Kraken Futures PF_KASUSDshort | +0.1200% | 1h | 0.04302 | −1.342% | $307K | $502K | 20x |
Aster KASUSDT
GMX KAS/USD [WBTC.b-USDC]
BloFin KAS-USDT
Hyperliquid KAS