W

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1643%/8h= +179.9% APRnext payment +$2.05 per $10,000 · paid last 24h +0.125%

Price spread now: Kraken Futures against Injective−1.338%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Kraken Futures is 1.338% cheaper against Injective than usual: you would sell low and buy high (spread −1.338% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$134 on $10k: about 2.7 days of funding at the current rate (+$49 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective W/USDC PERP	0.01209	0.0033	pay 0.0004% / 1h	16m 38s	$1K	$1K	12x
Short	Kraken Futures PF_WUSD	0.01193	0.1676	get 0.0209% / 1h	16m 38s	$148K	$184K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Kraken FuturesbpOrdersPrice spread, now −1.338%Rate

Funding earned: $344.94
Price spread: −1.338% → 0.000%: −$133.76
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: $201.16
Costs to cover: 0.100%
Break-even: 2.9 days

Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 41 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, 41 min ago	13.91 bp	62.1 bp −$62	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.

W on 17 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
Deribit W_USDC-PERPETUAL	−0.0422%	1h	0.01190	−1.538%	$16K	$3K	10x	as long as short
Injective W/USDC PERPlong	+0.0033%	1h	0.01209	long leg	$1K	$1K	12x
Hyperliquid W	+0.0100%	1h	0.01191	−1.489%	$2.0M	$341K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01190	−1.563%	$3.0M	$6.4M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01188	−1.745%	$4.2M	$1.9M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01188	−1.704%	$1.3M	$1.9M	20x	as long as short
Gate W_USDT	+0.0100%	4h	0.01189	−1.679%	$450K	$229K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01191	−1.514%	$12.9M	$1.4M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01189	−1.654%	$385K	$207K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01190	−1.572%	$1.3M	$573K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01189	−1.638%	—	$6.8M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01185	−1.962%	$71K	$41K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01187	−1.820%	$128K	$414K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01190	−1.591%	$62K	$233K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0360%	1h	0.01190	−1.596%	$14K	$15K	50x	as long as short
Backpack W_USDC_PERP	+0.0938%	1h	0.01193	−1.315%	$44K	$43K	15x	as long as short
Kraken Futures PF_WUSDshort	+0.1676%	1h	0.01193	−1.338%	$148K	$184K	20x