Funding you earn now, next payment 05:00 UTC+0.5276%/8h= +577.7% APRnext payment +$6.60 per $10,000 · paid last 24h +1.197%
Price spread now: Kraken Futures against Injective+0.493%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$158 a day on $10k at the current rate, and Kraken Futures is 0.493% dearer against Injective than usual: you sell high and buy low: +$49 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective USUAL/USDC PERP | 0.01388 | −0.5000 | get 0.0625% / 1h | 20m 36s | $6K | $3K | 5.5x |
| Short | Kraken Futures PF_USUALUSD | 0.01395 | 0.0276 | get 0.0035% / 1h | 20m 36s | $110K | $21K | 10x |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSDFunding 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
- $1,107.98
- Price spread: +0.493% → 0.000%
- $49.32
- 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
- $1,147.28
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 31 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, 31 min ago | 40.52 bp | 45.5 bp −$46 | doesn't fit | 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.
USUAL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERPlong | −0.5000% | 1h | 0.01388 | long leg | $6K | $3K | 5.5x | |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01394 | +0.432% | $403K | $189K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01395 | +0.493% | $2.3M | $3.3M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01397 | +0.656% | $1.1M | $792K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01396 | +0.576% | $943K | $111K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01395 | +0.476% | $6.1M | $256K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01394 | +0.432% | $257K | $62K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01395 | +0.504% | $812K | $398K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01395 | +0.504% | — | $1.2M | — | as long as short |
| Variational Omni USUAL | +0.0100% | 4h | 0.01396 | +0.566% | $11K | $1K | — | as long as short |
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDT
Variational Omni USUALShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_USUALUSDshort | +0.0276% | 1h | 0.01395 | +0.493% | $110K | $21K | 10x |