Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.019%
Price spread now: Injective against Derive−0.160%7-day average +0.066% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.164%−$16 on $10k
+Price spread, last 3 days (all we have)+0.376%+$38 · spread now −0.160%, 7d avg +0.066%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.226% cheaper against Derive than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.066%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive XAUT-PERP | 4,356.8 | 0.0100 | pay 0.0013% / 1h | 47m 01s | $1.9M | $252K | 10x |
| Short | Injective XAUT/USDC PERP | 4,349.8 | 0.0033 | get 0.0004% / 1h | 47m 01s | $8K | $149K | 30x |
Derive XAUT-PERP
Injective XAUT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Derive. 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: −0.160% → +0.066%
- −$22.6
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$42.62
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; 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 Derive no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Derive and 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 | −0.0268% | 1h | 4,358 | +0.028% | $56K | $30K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0044% | 4h | 4,355.2 | −0.036% | $25.8M | $15.3M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,357.2 | +0.010% | $130.6M | $8.1M | 100x | as long as short |
| Bybit XAUTUSDT | +0.0021% | 4h | 4,354.5 | −0.052% | $120.7M | $27.9M | 75x | as long as short |
| MEXC XAUT_USDT | +0.0030% | 4h | 4,354.8 | −0.045% | $327.7M | $280.0M | 1000x | as long as short |
| Injective XAUT/USDC PERPshort | +0.0033% | 1h | 4,349.8 | −0.160% | $8K | $149K | 30x | |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,357.1 | +0.007% | $10.2M | $2.0M | 25x | as long as short |
| Variational Omni XAUT | +0.0079% | 4h | 4,359.6 | +0.064% | $33.1M | $3.5M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,353.4 | −0.078% | $4.2M | $989K | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,355.8 | −0.021% | $35.4M | $46.8M | 75x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Bybit XAUTUSDT
MEXC XAUT_USDT
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 | 4,357.1 | +0.006% | $11.4M | $2.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,355.7 | −0.024% | — | $17.9M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,358.4 | +0.037% | $846 | $112K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,354.8 | −0.045% | $268 | $17K | 10x | as long as short |
| Derive XAUT-PERPlong | +0.0100% | 1h | 4,356.8 | long leg | $1.9M | $252K | 10x | |
| SunX XAUT-USDT | +0.0100% | 4h | 4,361.5 | +0.108% | $3K | $3.6M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,352.2 | −0.104% | $1.8M | $232K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,354.3 | −0.057% | $272K | $231K | 25x | as long as short |
| BloFin XAUT-USDT | +0.0141% | 4h | 4,358.5 | +0.040% | $2.3M | $1.6M | 75x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0300% | 1h | 4,357.1 | +0.007% | $5.3M | $4.0M | 50x | as long as short |
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
SunX XAUT-USDT
HTX XAUT-USDT
Extended XAUT-USD
BloFin XAUT-USDT
Kraken Futures PF_XAUTUSD