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: Derive against Injective+0.160%7-day average −0.066% · you sell dearer than you buy
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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Derive is 0.226% dearer against Injective than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.066%.
| 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 | 46m 33s | $8K | $149K | 30x |
| Short | Derive XAUT-PERP | 4,356.8 | 0.0100 | get 0.0013% / 1h | 46m 33s | $1.9M | $252K | 10x |
Injective XAUT/USDC PERP
Derive XAUT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
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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%
- $22.63
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $30.61
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Derive: 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 Injective no order-book sample | — | — | — | — | — |
| Sell Derive no order-book sample | — | — | — | — | — |
Injective and Derive: 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 | +0.189% | $56K | $30K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0042% | 4h | 4,353.8 | +0.092% | $25.8M | $15.2M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,356.2 | +0.147% | $130.5M | $8.1M | 100x | as long as short |
| Bybit XAUTUSDT | +0.0019% | 4h | 4,354 | +0.097% | $120.6M | $27.9M | 75x | as long as short |
| MEXC XAUT_USDT | +0.0020% | 4h | 4,354 | +0.097% | $327.5M | $280.1M | 1000x | 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 | 4,357.1 | +0.168% | $10.2M | $2.0M | 25x | as long as short |
| Variational Omni XAUT | +0.0079% | 4h | 4,359.6 | +0.225% | $33.1M | $3.5M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,353.8 | +0.092% | $4.2M | $989K | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,354.7 | +0.112% | $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 | 4,356.5 | +0.154% | $11.4M | $2.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,354.3 | +0.104% | — | $17.9M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,358.4 | +0.197% | $846 | $112K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,354.8 | +0.115% | $268 | $17K | 10x | as long as short |
| Derive XAUT-PERPshort | +0.0100% | 1h | 4,356.8 | +0.160% | $1.9M | $252K | 10x | |
| SunX XAUT-USDT | +0.0100% | 4h | 4,361.5 | +0.269% | $3K | $3.6M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,352.2 | +0.056% | $1.8M | $232K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,353.8 | +0.092% | $272K | $231K | 25x | as long as short |
| BloFin XAUT-USDT | +0.0141% | 4h | 4,358.5 | +0.200% | $2.3M | $1.6M | 75x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0300% | 1h | 4,357.1 | +0.167% | $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