Spread before costs (cost unknown: a leg has no order-book sample)+4.857%
7d average—if it closes, per $10,000$486funding while held, a day+$50.86
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SUSD | 0.03910 | −0.1662 | get 0.0208% / 1h | 40m 46s | $33K | $48K | 10x |
| Short | Injective S/USDC PERP | 0.04100 | 0.0033 | get 0.0004% / 1h | 40m 46s | $2K | $193K | 12x |
Kraken Futures PF_SUSD
Injective S/USDC PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $485.68
- Funding while held
- $50.86
- 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
- $526.51
- Spread needed to break even
- 0.100%
Slippage unknown: Kraken Futures: no order-book sample; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1695%
- Per $10,000 a day
- +$50.86
- Average in range /8h
- —
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.
S price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange0.03730cheapestCoinbase International0.03811+2.172%ApeX Omni0.03890+4.290%Variational Omni0.03909+4.787%Reya0.03910+4.813%
Coinbase International
ApeX Omni
Variational Omni
ReyaKraken Futures0.03910+4.828%
Extended0.03912+4.873%Orderly0.03912+4.879%Gate0.03913+4.906%KuCoin0.03914+4.933%BingX0.03914+4.933%BloFin0.03915+4.960%Bitget0.03916+4.987%GMX0.03916+4.992%Aster0.03916+4.993%gTrade (Gains Network)0.03917+5.001%Hyperliquid0.03917+5.008%Bybit0.03917+5.013%OKX0.03917+5.013%Deribit0.03917+5.013%Lighter0.03919+5.067%MEXC0.03920+5.094%Backpack0.03920+5.094%Binance0.03921+5.121%
Extended
Orderly
Gate
KuCoin
BingX
BloFin
Bitget
GMX
Aster
gTrade (Gains Network)
Hyperliquid
Bybit
OKX
Deribit
Lighter
MEXC
Backpack
BinanceInjective0.04100+9.920%
S on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −4.606% | −1.2624% | 1h | $22K | $3K | 5x | as long as short |
| Coinbase International S-PERP-INTX | −2.534% | −0.2344% | 1h | $47K | $13K | 25x | as long as short |
| ApeX Omni SUSDT | −0.514% | +0.0100% | 1h | $24K | $515K | 50x | as long as short |
| Variational Omni S | −0.040% | −0.1281% | 4h | $605K | $125K | — | as long as short |
| Reya SRUSDPERP | −0.014% | −0.0101% | 1h | $4 | — | 15x | as long as short |
| Kraken Futures PF_SUSDlong | 0.000% | −0.1662% | 1h | $33K | $48K | 10x | |
| Extended S-USD | +0.043% | +0.0104% | 1h | $219K | $949K | 10x | as long as short |
| Orderly PERP_S_USDC | +0.049% | −0.0261% | 4h | $103K | $338K | 10x | as long as short |
| Gate S_USDT | +0.074% | +0.0100% | 4h | $329K | $402K | 50x | as long as short |
| KuCoin SUSDTM | +0.100% | +0.0100% | 4h | $1.8M | $4.0M | 50x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX S-USDT | +0.100% | +0.0100% | 4h | — | $7.0M | — | as long as short |
| BloFin S-USDT | +0.125% | +0.0340% | 4h | $280K | $232K | 75x | as long as short |
| Bitget SUSDT | +0.151% | +0.0100% | 4h | $1.2M | $4.6M | 50x | as long as short |
| GMX S/USD [WBTC.b-USDC] | +0.156% | L −0.0360% / S +0.0333% | 1h | $1K | — | 100x | as long as short |
| Aster SUSDT | +0.158% | −0.0406% | 4h | $46K | $256K | 10x | as long as short |
| gTrade (Gains Network) S/USD | +0.165% | L +0.0001% / S +0.0006% | 1h | $604 | — | 150x | as long as short |
| Hyperliquid S | +0.171% | +0.0100% | 1h | $1.1M | $1.5M | 5x | as long as short |
| Bybit SUSDT | +0.177% | +0.0011% | 4h | $5.6M | $9.6M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.177% | +0.0086% | 4h | $1.0M | $12.8M | 20x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.177% | 0.0000% | 1h | $66K | $12K | 10x | as long as short |
| Lighter S | +0.228% | +0.0096% | 1h | $169K | $328K | 5x | as long as short |
| MEXC S_USDT | +0.253% | +0.0100% | 4h | $3.6M | $3.5M | 200x | as long as short |
| Backpack S_USDC_PERP | +0.253% | +0.0100% | 1h | $114K | $196K | 5x | as long as short |
| Binance SUSDT | +0.279% | +0.0100% | 4h | $5.2M | $40.8M | 75x | as long as short |
| Injective S/USDC PERPshort | +4.857% | +0.0033% | 1h | $2K | $193K | 12x |