Funding you earn now, next payment 07:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h +0.004%
Price spread now: Injective against Bybit+3.506%88s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Injective is 3.506% dearer against Bybit than usual: you sell high and buy low: +$351 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 88 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 | Bybit XTZUSDT | 0.3366 | −0.0081 | get 0.0041% / 4h | 1h 57m | $2.7M | $2.6M | 75x |
| Short | Injective XTZ/USDC PERP | 0.3484 | 0.0033 | get 0.0004% / 1h | 57m 47s | $62 | $17K | 5.5x |
Bybit XTZUSDT
Injective XTZ/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- $24.07
- Price spread: +3.506% → 0.000%
- $350.56
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $363.62
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 4 min ago; 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 Bybit live order book, 4 min ago | 2.97 bp | 25.8 bp −$26 | 54.6 bp −$546 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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.
XTZ on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XTZUSD | −0.0344% | 1h | 0.3371 | +0.152% | $279K | $267K | 50x | as long as short |
| Bitget XTZUSDT | −0.0190% | 4h | 0.3369 | +0.089% | $899K | $858K | 75x | as long as short |
| Bybit XTZUSDTlong | −0.0081% | 4h | 0.3366 | long leg | $2.7M | $2.6M | 75x | |
| BloFin XTZ-USDT | −0.0010% | 4h | 0.3366 | 0.000% | $275K | $95K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0016% | 4h | 0.3366 | 0.000% | $2.1M | $689K | 100x | as long as short |
| Variational Omni XTZ | +0.0017% | 4h | 0.3367 | +0.026% | $102K | $298K | — | as long as short |
| Binance XTZUSDT | +0.0025% | 4h | 0.3365 | −0.029% | $4.6M | $9.6M | 75x | as long as short |
| Injective XTZ/USDC PERPshort | +0.0033% | 1h | 0.3484 | +3.506% | $62 | $17K | 5.5x | |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3370 | +0.119% | $1.2M | $1.2M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3366 | 0.000% | $618K | $165K | 75x | as long as short |
Kraken Futures PF_XTZUSD
Bitget XTZUSDT
BloFin XTZ-USDT
MEXC XTZ_USDT
Variational Omni XTZ
Binance XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3365 | −0.030% | $619K | $189K | 30x | as long as short |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3365 | −0.030% | — | $1.1M | — | as long as short |
KuCoin XTZUSDTM
BingX XTZ-USDT