Funding you earn now, next payment 03:00 UTC+0.0042%/8h= +4.5% APRpaid last 24h +0.017%
Price spread now: Binance against Injective−0.170%107s7-day average −0.106% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)−0.138%−$14 · spread now −0.170%, 7d avg −0.106%
=Funding pays, the price is against you. Binance is 0.063% cheaper against Injective than usual: you would sell low and buy high (spread −0.170% now, against its 7-day average of −0.106%). If the spread goes back, that is −$6 on $10k: about 5.1 days of funding at the current rate (+$1 a day). The two prices were read 107 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 | Injective XAUT/USDC PERP | 4,349.8 | 0.0033 | pay 0.0004% / 1h | 41m 34s | $8K | $149K | 30x |
| Short | Binance XAUTUSDT | 4,342.4 | 0.0075 | get 0.0037% / 4h | 1h 41m | $35.1M | $46.6M | 75x |
Injective XAUT/USDC PERP
Binance XAUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $8.72
- Price spread: −0.170% → −0.106%
- −$6.35
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$7.65
- Costs to cover
- 0.100%
- Break-even
- 13.1 days
Slippage unknown: Injective: no order-book sample; Binance: live order book, 16 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 Binance live order book, 16 min ago | 0.01 bp | 5.2 bp −$5 | 7.0 bp −$70 | 14.1 bp −$1,414 | 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.
XAUT on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps XAUTUSD | −0.0279% | 1h | 4,344 | −0.134% | $56K | $29K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0042% | 4h | 4,341.9 | −0.182% | $25.9M | $15.3M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,343.7 | −0.140% | $130.1M | $8.1M | 100x | as long as short |
| Bybit XAUTUSDT | +0.0013% | 4h | 4,341.9 | −0.182% | $120.2M | $27.5M | 75x | as long as short |
| MEXC XAUT_USDT | +0.0016% | 4h | 4,341 | −0.202% | $349.8M | $278.0M | 1000x | as long as short |
| Injective XAUT/USDC PERPlong | +0.0033% | 1h | 4,349.8 | long leg | $8K | $149K | 30x | |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,341.9 | −0.182% | $10.1M | $2.0M | 25x | as long as short |
| Variational Omni XAUT | +0.0053% | 4h | 4,341.4 | −0.193% | $33.0M | $3.5M | — | as long as short |
| Extended XAUT-USD | +0.0072% | 1h | 4,341.3 | −0.195% | $272K | $213K | 25x | as long as short |
| Binance XAUTUSDTshort | +0.0075% | 4h | 4,342.4 | −0.170% | $35.1M | $46.6M | 75x |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Bybit XAUTUSDT
MEXC XAUT_USDT
SoDEX XAUT-USD
Variational Omni XAUT
Extended XAUT-USDShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XAUT-USDT | +0.0078% | 4h | 4,341.6 | −0.189% | — | $17.8M | — | as long as short |
| BloFin XAUT-USDT | +0.0082% | 4h | 4,342.4 | −0.170% | $2.3M | $1.6M | 75x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,342 | −0.179% | $4.2M | $1.0M | 10x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,341.9 | −0.183% | $11.3M | $2.9M | 75x | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,342.6 | −0.166% | $313 | $109K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,342.3 | −0.172% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,343.5 | −0.144% | $1.9M | $271K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,348.3 | −0.034% | $2K | $3.5M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,343.7 | −0.141% | $1.8M | $243K | 75x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0188% | 1h | 4,344.5 | −0.123% | $5.7M | $4.5M | 50x | as long as short |
BingX XAUT-USDT
BloFin XAUT-USDT
Nado XAUT-PERP
KuCoin XAUTUSDTM
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
Kraken Futures PF_XAUTUSD