Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.014%
Price spread now: Binance against Injective+0.496%7-day average −0.118% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 3 days (all we have)−0.745%−$74 · spread now +0.496%, 7d avg −0.118%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.613% dearer against Injective than usual: you sell high and buy low: +$61 more if the spread goes back to its 7-day average of −0.118%.
| 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 08s | $8K | $149K | 30x |
| Short | Binance XAUTUSDT | 4,371.4 | 0.0100 | get 0.0050% / 4h | 3h 55m | $35.7M | $46.7M | 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: +0.496% → −0.118%
- $61.33
- 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
- $65.31
- Costs to cover
- 0.100%
- Break-even
- from the start
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 | 5.8 bp −$6 | 7.8 bp −$78 | 16.2 bp −$1,620 | 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 | −0.0145% | 1h | 4,368.8 | +0.437% | $56K | $31K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0070% | 4h | 4,370.6 | +0.479% | $26.1M | $15.3M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,372.1 | +0.513% | $131.7M | $7.9M | 100x | 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 | 4,372.7 | +0.526% | $10.2M | $2.0M | 25x | as long as short |
| Bybit XAUTUSDT | +0.0080% | 4h | 4,370.5 | +0.476% | $121.0M | $27.7M | 75x | as long as short |
| Variational Omni XAUT | +0.0084% | 4h | 4,371.3 | +0.493% | $33.4M | $3.4M | — | as long as short |
| MEXC XAUT_USDT | +0.0090% | 4h | 4,370.9 | +0.485% | $341.1M | $276.1M | 1000x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,369.7 | +0.458% | $4.2M | $1.0M | 10x | as long as short |
| Binance XAUTUSDTshort | +0.0100% | 4h | 4,371.4 | +0.496% | $35.7M | $46.7M | 75x |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
SoDEX XAUT-USD
Bybit XAUTUSDT
Variational Omni XAUT
MEXC XAUT_USDT
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 | 4,373 | +0.533% | $11.4M | $2.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,370.6 | +0.478% | — | $18.0M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,372.5 | +0.523% | $835 | $116K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,370.4 | +0.474% | $268 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,372.6 | +0.524% | $1.9M | $240K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,376.5 | +0.614% | $2K | $3.7M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,363.4 | +0.313% | $1.9M | $232K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,370 | +0.464% | $274K | $231K | 25x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0118% | 1h | 4,373.3 | +0.540% | $5.3M | $3.9M | 50x | as long as short |
| BloFin XAUT-USDT | +0.0332% | 4h | 4,370.5 | +0.476% | $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