Funding you earn now, next payment 02:00 UTC−0.5794%/8h= −634.5% APRnext payment −$7.24 per $10,000 · paid last 24h +0.060%
Price spread now: Injective against Kraken Futures+1.535%63s7-day average −0.620% · 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)−0.411%−$41 on $10k
+Price spread, last 3 days (all we have)−2.301%−$230 · spread now +1.535%, 7d avg −0.620%
=The price spread pays, funding is against you. Injective is 2.155% dearer against Kraken Futures than usual: you sell high and buy low (spread +1.535% now, against its 7-day average of −0.620%): +$216 on $10k if it goes back. Holding the pair costs −$174 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 4 days (−0.411% in total) that is about 21 days. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.411% in total (about -37.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.24 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_VETUSD | 0.009041 | 0.5827 | pay 0.0728% / 1h | 40m 03s | $129K | $119K | 10x |
| Short | Injective VET/USDC PERP | 0.009180 | 0.0033 | get 0.0004% / 1h | 40m 03s | $7 | $152K | 12x |
Kraken Futures PF_VETUSD
Injective VET/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
- −$1,216.76
- Price spread: +1.535% → −0.620%
- $215.53
- 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
- −$1,011.25
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 27 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, 27 min ago | 29.87 bp | doesn't fit | 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.
VET on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) VET/USD | L −0.0003% / S +0.0006% | 1h | 0.009019 | −0.246% | $7K | — | 150x | as long as short |
| Injective VET/USDC PERPshort | +0.0033% | 1h | 0.009180 | +1.535% | $7 | $152K | 12x | |
| Binance VETUSDT | +0.0100% | 8h | 0.009010 | −0.344% | $6.3M | $15.4M | 75x | as long as short |
| Bybit VETUSDT | +0.0100% | 8h | 0.009004 | −0.412% | $6.0M | $4.0M | 75x | as long as short |
| Gate VET_USDT | +0.0100% | 8h | 0.009003 | −0.423% | $497K | $218K | 25x | as long as short |
| MEXC VET_USDT | +0.0100% | 8h | 0.009012 | −0.323% | $8.0M | $1.3M | 125x | as long as short |
| KuCoin VETUSDTM | +0.0100% | 8h | 0.009018 | −0.257% | $5.0M | $3.9M | 50x | as long as short |
| Bitget VETUSDT | +0.0100% | 8h | 0.009011 | −0.334% | $4.9M | $2.0M | 50x | as long as short |
| BingX VET-USDT | +0.0100% | 8h | 0.009007 | −0.379% | — | $2.5M | — | as long as short |
| Variational Omni VET | +0.0100% | 8h | 0.009022 | −0.211% | $28K | $410 | — | as long as short |
gTrade (Gains Network) VET/USD
Binance VETUSDT
Bybit VETUSDT
Gate VET_USDT
MEXC VET_USDT
KuCoin VETUSDTM
Bitget VETUSDT
BingX VET-USDT
Variational Omni VETShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin VET-USDT | +0.0220% | 8h | 0.009066 | +0.274% | $396K | $571K | 75x | as long as short |
| Kraken Futures PF_VETUSDlong | +0.5827% | 1h | 0.009041 | long leg | $129K | $119K | 10x |
BloFin VET-USDT