XTZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0192%/8h= +21.0% APRnext payment +$0.24 per $10,000 · paid last 24h +0.056%

Price spread now: Injective against Kraken Futures+1.420%63s7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Injective

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

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Injective is 1.420% dearer against Kraken Futures than usual: you sell high and buy low: +$142 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XTZUSD	0.3435	−0.0159	get 0.0020% / 1h	15m 22s	$283K	$251K	50x
Short	Injective XTZ/USDC PERP	0.3484	0.0033	get 0.0004% / 1h	15m 22s	$62	$17K	5.5x

Funding 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 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 Kraken FuturesbpFee InjectivebpOrdersPrice spread, now +1.420%Rate

Funding earned: $40.34
Price spread: +1.420% → 0.000%: $142.02
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: $172.34
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 42 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, 42 min ago	14.66 bp	41.7 bp −$42	120.6 bp −$1,206	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.

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_XTZUSDlong	−0.0159%	1h	0.3435	long leg	$283K	$251K	50x
Bitget XTZUSDT	+0.0032%	4h	0.3430	−0.152%	$926K	$938K	75x	as long as short
Injective XTZ/USDC PERPshort	+0.0033%	1h	0.3484	+1.420%	$62	$17K	5.5x
Binance XTZUSDT	+0.0100%	4h	0.3426	−0.255%	$4.7M	$9.7M	75x	as long as short
Bybit XTZUSDT	+0.0100%	4h	0.3429	−0.181%	$2.7M	$2.8M	75x	as long as short
OKX XTZ-USDT-SWAP	+0.0100%	8h	0.3430	−0.152%	$1.2M	$1.3M	20x	as long as short
Gate XTZ_USDT	+0.0100%	8h	0.3432	−0.094%	$636K	$168K	75x	as long as short
MEXC XTZ_USDT	+0.0100%	4h	0.3428	−0.210%	$2.1M	$670K	100x	as long as short
KuCoin XTZUSDTM	+0.0100%	4h	0.3431	−0.123%	$628K	$192K	30x	as long as short
BingX XTZ-USDT	+0.0100%	4h	0.3431	−0.123%	—	$1.1M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XTZ	+0.0100%	4h	0.3428	−0.198%	$86K	$331K	—	as long as short
BloFin XTZ-USDT	+0.0138%	4h	0.3421	−0.414%	$280K	$97K	75x	as long as short