Funding you earn now, next payment 07:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.014%
Price spread now: Binance against Injective−0.651%117s7-day average −0.108% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 4 days (all we have)+0.402%+$40 · spread now −0.651%, 7d avg −0.108%
=Funding pays, the price is against you. Binance is 0.544% cheaper against Injective than usual: you would sell low and buy high (spread −0.651% now, against its 7-day average of −0.108%). If the spread goes back, that is −$54 on $10k: about 27 days of funding at the current rate (+$2 a day). The two prices were read 117 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 | 0.0033 | pay 0.0004% / 1h | 55m 28s | $8K | $149K | 30x |
| Short | Binance XAUTUSDT | 4,321.5 | 0.0100 | get 0.0050% / 4h | 1h 55m | $35.2M | $46.9M | 75x |
Injective XAUT/USDC PERP
Binance XAUTUSDTFunding 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: −0.651% → −0.108%
- −$54.39
- 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
- −$50.41
- Costs to cover
- 0.100%
- Break-even
- 32.2 days
Slippage unknown: Injective: no order-book sample; Binance: live order book, 2 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, 2 min ago | 0.01 bp | 6.1 bp −$6 | 7.3 bp −$73 | 13.7 bp −$1,373 | 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 | −0.0235% | 1h | 4,325.3 | −0.563% | $55K | $29K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0036% | 4h | 4,322.3 | −0.632% | $25.4M | $16.8M | 75x | as long as short |
| Bybit XAUTUSDT | −0.0030% | 4h | 4,321.4 | −0.653% | $118.3M | $30.0M | 75x | as long as short |
| MEXC XAUT_USDT | −0.0028% | 4h | 4,322.4 | −0.630% | $358.2M | $275.3M | 1000x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,323.2 | −0.612% | $130.0M | $8.4M | 100x | as long as short |
| Variational Omni XAUT | +0.0002% | 4h | 4,322.5 | −0.628% | $33.0M | $3.4M | — | as long as short |
| Injective XAUT/USDC PERPlong | +0.0033% | 1h | 4,349.8 | long leg | $8K | $149K | 30x | |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,322 | −0.639% | $10.1M | $2.0M | 25x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,322.1 | −0.638% | $4.2M | $916K | 10x | as long as short |
| Binance XAUTUSDTshort | +0.0100% | 4h | 4,321.5 | −0.651% | $35.2M | $46.9M | 75x |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Bybit XAUTUSDT
MEXC XAUT_USDT
Gate XAUT_USDT
Variational Omni XAUT
SoDEX XAUT-USD
Nado XAUT-PERPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,323.6 | −0.601% | $11.6M | $3.0M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,321.8 | −0.644% | — | $19.0M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,323.2 | −0.611% | $826 | $110K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,321.5 | −0.651% | $265 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,323 | −0.617% | $1.8M | $367K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,326.7 | −0.531% | $2K | $3.2M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,319.9 | −0.687% | $1.8M | $247K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,321.1 | −0.659% | $267K | $214K | 25x | as long as short |
| BloFin XAUT-USDT | +0.0222% | 4h | 4,322.1 | −0.637% | $2.3M | $1.6M | 75x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0230% | 1h | 4,323.4 | −0.607% | $5.7M | $4.8M | 50x | 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
BloFin XAUT-USDT
Kraken Futures PF_XAUTUSD