Funding you earn now, next payment 01:00 UTC+0.0751%/8h= +82.2% APRnext payment +$0.94 per $10,000 · paid last 24h +0.091%
Price spread now: Injective against Kraken Futures+1.125%7-day average −1.916% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 3 days (all we have)−4.125%−$413 · spread now +1.125%, 7d avg −1.916%
=Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Injective is 3.041% dearer against Kraken Futures than usual: you sell high and buy low: +$304 more if the spread goes back to its 7-day average of −1.916%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.016% in total (about -0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.94 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_STXUSD | 0.3424 | −0.0717 | get 0.0090% / 1h | 27m 21s | $72K | $125K | 20x |
| Short | Injective STX/USDC PERP | 0.3463 | 0.0033 | get 0.0004% / 1h | 27m 21s | $4K | $264K | 12x |
Kraken Futures PF_STXUSD
Injective STX/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
- $157.67
- Price spread: +1.125% → −1.916%
- $304.1
- 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
- $451.74
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 45 min ago; 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 live order book, 45 min ago | 12.20 bp | 31.9 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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.
STX on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STXUSDlong | −0.0717% | 1h | 0.3424 | long leg | $72K | $125K | 20x | |
| Variational Omni STX | −0.0407% | 8h | 0.3419 | −0.160% | $789K | $300K | — | as long as short |
| Bitget STXUSDT | −0.0012% | 8h | 0.3425 | +0.016% | $4.7M | $1.9M | 50x | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3428 | +0.103% | — | — | 150x | as long as short |
| Injective STX/USDC PERPshort | +0.0033% | 1h | 0.3463 | +1.125% | $4K | $264K | 12x | |
| Gate STX_USDT | +0.0083% | 8h | 0.3421 | −0.101% | $599K | $358K | 50x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3425 | +0.013% | $128K | $64K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3428 | +0.103% | $8.0M | $18.7M | 75x | as long as short |
| Bybit STXUSDT | +0.0100% | 8h | 0.3424 | −0.014% | $8.7M | $7.0M | 75x | as long as short |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3428 | +0.103% | $2.3M | $5.7M | 20x | as long as short |
Variational Omni STX
Bitget STXUSDT
gTrade (Gains Network) STX/USD
Gate STX_USDT
Aster STXUSDT
Binance STXUSDT
Bybit STXUSDT
OKX STX-USDT-SWAPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC STX_USDT | +0.0100% | 8h | 0.3428 | +0.103% | $6.2M | $1.3M | 50x | as long as short |
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3425 | +0.016% | $2.4M | $1.7M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3426 | +0.045% | — | $16.1M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3421 | −0.101% | $50K | $684K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3426 | +0.051% | $181K | $813K | 10x | as long as short |
| BloFin STX-USDT | +0.0116% | 8h | 0.3429 | +0.132% | $420K | $227K | 20x | as long as short |
| Hyperliquid STX | +0.0191% | 1h | 0.3433 | +0.264% | $1.5M | $785K | 5x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0194% / S −0.0366% | 1h | 0.3429 | +0.120% | $5K | — | 100x | as long as short |
MEXC STX_USDT
KuCoin STXUSDTM
BingX STX-USDT
ApeX Omni STXUSDT
Extended STX-USD
BloFin STX-USDT
Hyperliquid STX
GMX STX/USD [WBTC.b-USDC]