Funding you earn now, next payment 02:00 UTC−0.0084%/8h= −9.1% APRnext payment −$0.10 per $10,000 · paid last 24h +0.082%
Price spread now: Injective against Kraken Futures+0.824%7-day average −0.341% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.157%−$116 on $10k
+Price spread, last 3 days (all we have)−2.593%−$259 · spread now +0.824%, 7d avg −0.341%
=The price spread pays, funding is against you. Injective is 1.165% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.824% now, against its 7-day average of −0.341%): +$117 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 46 days. At the pace of the last 7 days (−1.157% in total) that is about 7.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_POLUSD | 0.1102 | 0.0117 | pay 0.0015% / 1h | 41m 19s | $1.2M | $1.3M | 50x |
| Short | Injective POL/USDC PERP | 0.1111 | 0.0033 | get 0.0004% / 1h | 41m 19s | $3K | $124K | 12x |
Kraken Futures PF_POLUSD
Injective POL/USDC PERPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$17.54
- Price spread: +0.824% → −0.341%
- $116.5
- 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
- $88.94
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 2 min ago; Injective: live order book, 48 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 Kraken Futures live order book, 2 min ago | 9.04 bp | 20.0 bp −$20 | 57.1 bp −$571 | doesn't fit | doesn't fit |
| Sell Injective live order book, 48 min ago | 89.44 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
POL on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International POL-PERP-INTX | −0.0312% | 1h | 0.1100 | −0.175% | $203K | $204K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1101 | −0.047% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1102 | +0.007% | $17K | $4K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1102 | +0.021% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERPshort | +0.0033% | 1h | 0.1111 | +0.824% | $3K | $124K | 12x | |
| Orderly PERP_POL_USDC | +0.0036% | 4h | 0.1101 | −0.048% | $11K | $264K | 20x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1102 | −0.014% | $285K | $576K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1102 | +0.041% | $366K | $275K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1101 | −0.038% | $17.0M | $44.1M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1101 | −0.102% | $15.9M | $12.6M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Orderly PERP_POL_USDC
Lighter POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1101 | −0.075% | $5.7M | $10.4M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1101 | −0.102% | $1.8M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1102 | −0.029% | $23.8M | $3.6M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1102 | +0.043% | $2.9M | $1.0M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1101 | −0.038% | $4.2M | $4.9M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1101 | −0.048% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1101 | −0.095% | $610K | $224K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1105 | +0.261% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1105 | +0.279% | $196K | $642K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1101 | −0.073% | $92K | $447K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1100 | −0.211% | $40K | — | 3x | as long as short |
| Kraken Futures PF_POLUSDlong | +0.0117% | 1h | 0.1102 | long leg | $1.2M | $1.3M | 50x | |
| Hyperliquid POL | +0.0158% | 1h | 0.1103 | +0.134% | $7.4M | $3.9M | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1102 | +0.001% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1109 | +0.651% | $912K | $156K | 75x | as long as short |
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
Hyperliquid POL
GMX POL/USD [ETH-USDC]
BloFin POL-USDT