Funding you earn now, next payment 00:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.009%
Price spread now: Injective against MEXC−0.239%70s7-day average +0.125% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 3 days (all we have)+0.464%+$46 · spread now −0.239%, 7d avg +0.125%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Injective is 0.364% cheaper against MEXC than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of +0.125%). Swap the legs. The two prices were read 70 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 | MEXC XAUT_USDT | 4,360.2 | 0.0044 | pay 0.0022% / 4h | 44m 02s | $342.1M | $277.0M | 1000x |
| Short | Injective XAUT/USDC PERP | 4,349.8 | −0.0055 | pay 0.0007% / 1h | 44m 02s | $8K | $149K | 30x |
MEXC XAUT_USDT
Injective XAUT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against MEXC. 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
- −$20.75
- Price spread: −0.239% → +0.125%
- −$36.39
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$61.17
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 5 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 MEXC live order book, 5 min ago | 0.34 bp | 2.3 bp −$2 | 2.4 bp −$24 | 5.0 bp −$500 | 22.1 bp −$11.1K |
| 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.
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 | −0.0188% | 1h | 4,362.1 | +0.043% | $56K | $32K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0144% | 4h | 4,360.5 | +0.007% | $26.2M | $14.9M | 75x | as long as short |
| Injective XAUT/USDC PERPshort | −0.0055% | 1h | 4,349.8 | −0.239% | $8K | $149K | 30x | |
| Gate XAUT_USDT | 0.0000% | 8h | 4,361.4 | +0.028% | $131.8M | $7.9M | 100x | as long as short |
| Bybit XAUTUSDT | +0.0041% | 4h | 4,360 | −0.005% | $120.8M | $27.3M | 75x | as long as short |
| MEXC XAUT_USDTlong | +0.0044% | 4h | 4,360.2 | long leg | $342.1M | $277.0M | 1000x | |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,362.4 | +0.050% | $10.2M | $2.0M | 25x | as long as short |
| Variational Omni XAUT | +0.0057% | 4h | 4,360.8 | +0.014% | $33.3M | $3.3M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,360.2 | 0.000% | $4.2M | $992K | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,361.1 | +0.020% | $35.5M | $46.1M | 75x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Bybit XAUTUSDT
SoDEX XAUT-USD
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 | 4,361.7 | +0.035% | $11.4M | $2.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,360.2 | 0.000% | — | $17.9M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,362.4 | +0.051% | $925 | $111K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,359.9 | −0.007% | $268 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,362.6 | +0.056% | $1.9M | $180K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,367 | +0.156% | $3K | $3.7M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,357.2 | −0.068% | $1.9M | $231K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,360 | −0.004% | $272K | $231K | 25x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0105% | 1h | 4,362.7 | +0.057% | $5.3M | $3.6M | 50x | as long as short |
| BloFin XAUT-USDT | +0.0194% | 4h | 4,360.6 | +0.009% | $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