Funding you earn now, next payment 00:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.009%
Price spread now: Bybit against Injective+0.196%48s7-day average −0.118% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.055%+$5 on $10k
+Price spread, last 3 days (all we have)−0.423%−$42 · spread now +0.196%, 7d avg −0.118%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.314% dearer against Injective than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of −0.118%. The two prices were read 48 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 | −0.0055 | get 0.0007% / 1h | 28m 38s | $8K | $149K | 30x |
| Short | Bybit XAUTUSDT | 4,358.3 | 0.0051 | get 0.0026% / 4h | 28m 38s | $120.8M | $27.3M | 75x |
Injective XAUT/USDC PERP
Bybit XAUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $22.28
- Price spread: +0.196% → −0.118%
- $31.4
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $42.66
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago | 0.12 bp | 6.2 bp −$6 | 7.1 bp −$71 | 14.0 bp −$1,404 | 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 | −0.0158% | 1h | 4,359.7 | +0.228% | $56K | $32K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0118% | 4h | 4,358 | +0.189% | $26.2M | $14.9M | 75x | as long as short |
| Injective XAUT/USDC PERPlong | −0.0055% | 1h | 4,349.8 | long leg | $8K | $149K | 30x | |
| Gate XAUT_USDT | 0.0000% | 8h | 4,359.9 | +0.232% | $131.7M | $8.0M | 100x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,361.2 | +0.262% | $10.2M | $2.0M | 25x | as long as short |
| Bybit XAUTUSDTshort | +0.0051% | 4h | 4,358.3 | +0.196% | $120.8M | $27.3M | 75x | |
| MEXC XAUT_USDT | +0.0054% | 4h | 4,358.1 | +0.191% | $341.7M | $278.3M | 1000x | as long as short |
| Variational Omni XAUT | +0.0065% | 4h | 4,357.8 | +0.185% | $33.3M | $3.3M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,358.4 | +0.199% | $4.2M | $995K | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,359.4 | +0.222% | $35.5M | $46.2M | 75x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
SoDEX XAUT-USD
MEXC XAUT_USDT
Variational Omni XAUT
Nado XAUT-PERP
Binance XAUTUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,360.8 | +0.253% | $11.4M | $2.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,358.6 | +0.203% | — | $17.9M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,358 | +0.187% | $379 | $113K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,358.8 | +0.207% | $268 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,360.8 | +0.253% | $1.9M | $209K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,365.9 | +0.370% | $2K | $3.7M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,356.3 | +0.149% | $1.9M | $232K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,358.5 | +0.200% | $272K | $231K | 25x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0105% | 1h | 4,361.1 | +0.260% | $5.3M | $3.6M | 50x | as long as short |
| BloFin XAUT-USDT | +0.0221% | 4h | 4,357.7 | +0.182% | $2.3M | $1.7M | 75x | as long as short |
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
Extended XAUT-USD
Kraken Futures PF_XAUTUSD
BloFin XAUT-USDT