Settings8H · net · $10k
Funding arb · Price arb /

NOT

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Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.1909%/8h= +209.0% APRnext payment +$2.39 per $10,000 · paid last 24h +0.876%
Price spread now: Kraken Futures against Injective+4.514%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$57 a day on $10k at the current rate, and Kraken Futures is 4.514% dearer against Injective than usual: you sell high and buy low: +$451 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective NOT/USDC PERP0.00048740.0033pay 0.0004% / 1h6m 40s$1K$13K5.5x
ShortKraken Futures PF_NOTUSD0.00050940.1942get 0.0243% / 1h6m 40s$50K$9K10x

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

Profit calculator

Funding earned
$400.86
Price spread: +4.514% → 0.000%
$451.42
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
$842.26
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Kraken Futures: 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
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Kraken Futures no order-book sample
Injective and Kraken Futures: 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.

NOT on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NOT−0.0425%4h0.0005079+4.196%$72K$39Kas long as short
KuCoin NOTUSDTM−0.0272%4h0.0005060+3.816%$466K$129K50xas long as short
Injective NOT/USDC PERPlong+0.0033%1h0.0004874long leg$1K$13K5.5x
Bybit NOTUSDT+0.0057%4h0.0005063+3.878%$2.1M$851K25xas long as short
Lighter 1000NOT+0.0096%1h0.0005078+4.192%$11K$4K3xas long as short
Hyperliquid NOT+0.0100%1h0.0005070+4.021%$370K$51K3xas long as short
Aster NOTUSDT+0.0100%4h0.0005070+4.017%$14K$9K5xas long as short
Binance NOTUSDT+0.0100%4h0.0005068+3.986%$2.1M$3.1M50xas long as short
OKX NOT-USDT-SWAP+0.0100%4h0.0005062+3.857%$633K$645K20xas long as short
Gate NOT_USDT+0.0100%4h0.0005066+3.939%$143K$68K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NOT_USDT+0.0100%4h0.0005068+3.980%$1.3M$442K200xas long as short
Bitget NOTUSDT+0.0100%4h0.0005071+4.042%$672K$408K50xas long as short
BingX NOT-USDC+0.0100%4h0.0005061+3.837%$724Kas long as short
Extended kNOT-USD+0.0104%1h0.0005066+3.939%$4K$4915xas long as short
BloFin NOT-USDT+0.0152%4h0.0005078+4.185%$112K$16K50xas long as short
Kraken Futures PF_NOTUSDshort+0.1942%1h0.0005094+4.514%$50K$9K10x