Funding you earn now, next payment 04:00 UTC−0.0053%/8h= −5.8% APRpaid last 24h +0.010%
Price spread now: Bybit against Injective−0.071%7-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+0.055%+$6 on $10k
+Price spread, last 4 days (all we have)−0.210%−$21 · spread now −0.071%, 7d avg −0.108%
=The price spread pays, funding is against you. Bybit is 0.036% dearer against Injective than usual: you sell high and buy low (spread −0.071% now, against its 7-day average of −0.108%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.055%, so the current rate has only just turned against you.
| 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 | 21m 25s | $8K | $149K | 30x |
| Short | Bybit XAUTUSDT | 4,346.7 | −0.0019 | pay 0.0010% / 4h | 21m 25s | $120.2M | $28.1M | 75x |
Injective XAUT/USDC PERP
Bybit XAUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$11.09
- Price spread: −0.071% → −0.108%
- $3.64
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$18.47
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 0.12 bp | 5.7 bp −$6 | 6.6 bp −$66 | 14.5 bp −$1,445 | 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 | −0.0337% | 1h | 4,347.3 | −0.058% | $56K | $29K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0044% | 4h | 4,345.6 | −0.097% | $25.9M | $15.3M | 75x | as long as short |
| Variational Omni XAUT | −0.0026% | 4h | 4,347.3 | −0.056% | $33.1M | $3.5M | — | as long as short |
| MEXC XAUT_USDT | −0.0022% | 4h | 4,347.4 | −0.055% | $379.3M | $276.9M | 1000x | as long as short |
| Bybit XAUTUSDTshort | −0.0019% | 4h | 4,346.7 | −0.071% | $120.2M | $28.1M | 75x | |
| Gate XAUT_USDT | 0.0000% | 8h | 4,348.2 | −0.037% | $130.4M | $8.2M | 100x | as long as short |
| Injective XAUT/USDC PERPlong | +0.0033% | 1h | 4,349.8 | long leg | $8K | $149K | 30x | |
| Binance XAUTUSDT | +0.0040% | 4h | 4,346.4 | −0.078% | $35.2M | $45.3M | 75x | as long as short |
| Extended XAUT-USD | +0.0040% | 1h | 4,344.9 | −0.112% | $272K | $215K | 25x | as long as short |
| BingX XAUT-USDT | +0.0040% | 4h | 4,347.2 | −0.060% | — | $17.8M | — | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Variational Omni XAUT
MEXC XAUT_USDT
Gate XAUT_USDT
Binance XAUTUSDT
Extended XAUT-USD
BingX XAUT-USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX XAUT-USD | +0.0050% | 1h | 4,345.9 | −0.090% | $10.1M | $2.0M | 25x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,347.6 | −0.052% | $4.2M | $941K | 10x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,348.1 | −0.039% | $11.5M | $2.9M | 75x | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,347.2 | −0.059% | $778 | $107K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,345.4 | −0.101% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,346.7 | −0.072% | $1.8M | $298K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,352.3 | +0.058% | $2K | $3.3M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,346.9 | −0.067% | $1.9M | $226K | 75x | as long as short |
| BloFin XAUT-USDT | +0.0211% | 4h | 4,347.6 | −0.051% | $2.3M | $1.6M | 75x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0222% | 1h | 4,348.6 | −0.026% | $5.7M | $4.5M | 50x | as long as short |
SoDEX XAUT-USD
Nado XAUT-PERP
KuCoin XAUTUSDTM
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
BloFin XAUT-USDT
Kraken Futures PF_XAUTUSD