Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.014%
Price spread now: Injective against Bybit+1.161%78s7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Injective is 1.161% dearer against Bybit than usual: you sell high and buy low (spread +1.161% now, against zero (this spread has no 7-day history yet)): +$116 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 58 days. The two prices were read 78 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 | Bybit XTZUSDT | 0.3444 | 0.0100 | pay 0.0050% / 4h | 2h 04m | $2.9M | $3.3M | 75x |
| Short | Injective XTZ/USDC PERP | 0.3484 | 0.0033 | get 0.0004% / 1h | 4m 03s | $62 | $17K | 5.5x |
Bybit XTZUSDT
Injective XTZ/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- −$14
- Price spread: +1.161% → 0.000%
- $116.14
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $91.12
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 4.35 bp | 34.6 bp −$35 | 55.1 bp −$551 | 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_XTZUSD | −0.0338% | 1h | 0.3448 | +0.122% | $280K | $217K | 50x | as long as short |
| Injective XTZ/USDC PERPshort | +0.0033% | 1h | 0.3484 | +1.161% | $62 | $17K | 5.5x | |
| BingX XTZ-USDT | +0.0036% | 4h | 0.3448 | +0.116% | — | $1.1M | — | as long as short |
| BloFin XTZ-USDT | +0.0051% | 4h | 0.3444 | 0.000% | $283K | $82K | 75x | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3444 | 0.000% | $4.8M | $10.1M | 75x | as long as short |
| Bybit XTZUSDTlong | +0.0100% | 4h | 0.3444 | long leg | $2.9M | $3.3M | 75x | |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3442 | −0.058% | $1.2M | $1.4M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3443 | −0.029% | $641K | $216K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3444 | 0.000% | $2.1M | $631K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3449 | +0.145% | $687K | $315K | 30x | as long as short |
Kraken Futures PF_XTZUSD
BingX XTZ-USDT
BloFin XTZ-USDT
Binance 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 | 0.3443 | −0.029% | $950K | $1.2M | 75x | as long as short |
| Variational Omni XTZ | +0.0100% | 4h | 0.3447 | +0.083% | $123K | $296K | — | as long as short |
Bitget XTZUSDT
Variational Omni XTZ