Funding you earn now, next payment 00:00 UTC−0.0019%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.045%
Price spread now: Kraken Futures against Injective−1.875%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Kraken Futures is 1.875% cheaper against Injective than usual: you would sell low and buy high (−$187 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective XTZ/USDC PERP | 0.3484 | 0.0033 | pay 0.0004% / 1h | 18m 34s | $62 | $17K | 5.5x |
| Short | Kraken Futures PF_XTZUSD | 0.3419 | 0.0015 | get 0.0002% / 1h | 18m 34s | $275K | $222K | 50x |
Injective XTZ/USDC PERP
Kraken Futures PF_XTZUSDFunding 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
- −$3.91
- Price spread: −1.875% → 0.000%
- −$187.5
- 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
- −$201.42
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 59 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, 59 min ago | 5.85 bp | 19.4 bp −$19 | 68.7 bp −$687 | 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.
XTZ 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XTZUSDshort | +0.0015% | 1h | 0.3419 | −1.875% | $275K | $222K | 50x | |
| Injective XTZ/USDC PERPlong | +0.0033% | 1h | 0.3484 | long leg | $62 | $17K | 5.5x | |
| BingX XTZ-USDT | +0.0036% | 4h | 0.3416 | −1.952% | — | $1.1M | — | as long as short |
| BloFin XTZ-USDT | +0.0086% | 4h | 0.3414 | −2.009% | $283K | $98K | 75x | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3415 | −1.984% | $4.8M | $10.1M | 75x | as long as short |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3416 | −1.952% | $2.8M | $3.3M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3417 | −1.923% | $1.2M | $1.4M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3417 | −1.923% | $634K | $202K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3415 | −1.980% | $2.1M | $626K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3417 | −1.923% | $676K | $316K | 30x | as long as short |
BingX XTZ-USDT
BloFin XTZ-USDT
Binance XTZUSDT
Bybit XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC XTZ_USDT
KuCoin XTZUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XTZUSDT | +0.0100% | 4h | 0.3415 | −1.980% | $943K | $1.2M | 75x | as long as short |
| Variational Omni XTZ | +0.0100% | 4h | 0.3412 | −2.065% | $122K | $296K | — | as long as short |
Bitget XTZUSDT
Variational Omni XTZ