Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.008%
Price spread now: Binance against Injective−2.633%7-day average — · you buy dearer than you sell
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
Funding pays, the price is against you. Binance is 2.633% cheaper against Injective than usual: you would sell low and buy high (spread −2.633% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$263 on $10k: about 4 months of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective XTZ/USDC PERP | 0.3484 | 0.0033 | pay 0.0004% / 1h | 59m 09s | $62 | $17K | 5.5x |
| Short | Binance XTZUSDT | 0.3392 | 0.0100 | get 0.0050% / 4h | 1h 59m | $4.7M | $9.8M | 75x |
Injective XTZ/USDC PERP
Binance XTZUSDTFunding 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
- $14
- Price spread: −2.633% → 0.000%
- −$263.34
- 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
- −$259.36
- Costs to cover
- 0.100%
- Break-even
- 136.7 days
Slippage unknown: Injective: no order-book sample; Binance: live order book, 11 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, 11 min ago | 1.48 bp | 17.0 bp −$17 | 65.8 bp −$658 | doesn't fit | 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.
XTZ on 11 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 | −0.0575% | 1h | 0.3399 | −2.453% | $272K | $235K | 50x | as long as short |
| Injective XTZ/USDC PERPlong | +0.0033% | 1h | 0.3484 | long leg | $62 | $17K | 5.5x | |
| Binance XTZUSDTshort | +0.0100% | 4h | 0.3392 | −2.633% | $4.7M | $9.8M | 75x | |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3392 | −2.641% | $2.7M | $2.9M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3393 | −2.612% | $1.2M | $1.3M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3394 | −2.583% | $627K | $167K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3392 | −2.641% | $2.1M | $634K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3396 | −2.526% | $637K | $188K | 30x | as long as short |
| Bitget XTZUSDT | +0.0100% | 4h | 0.3394 | −2.583% | $918K | $966K | 75x | as long as short |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3377 | −3.071% | — | $1.1M | — | as long as short |
Kraken Futures PF_XTZUSD
Bybit XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC XTZ_USDT
KuCoin XTZUSDTM
Bitget XTZUSDT
BingX XTZ-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XTZ | +0.0100% | 4h | 0.3389 | −2.729% | $85K | $331K | — | as long as short |
Variational Omni XTZ