Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.027%
Price spread now: BingX against Injective−3.416%72s7-day average — · you buy dearer than you sell
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
Funding pays, the price is against you. BingX is 3.416% cheaper against Injective than usual: you would sell low and buy high (spread −3.416% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$342 on $10k: about 6 months of funding at the current rate (+$2 a day). The two prices were read 72 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 XTZ/USDC PERP | 0.3484 | 0.0033 | pay 0.0004% / 1h | 12m 00s | $62 | $17K | 5.5x |
| Short | BingX XTZ-USDT | 0.3365 | 0.0100 | get 0.0050% / 4h | 2h 12m | — | $1.1M | — |
Injective XTZ/USDC PERP
BingX XTZ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: −3.416% → 0.000%
- −$341.56
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$337.58
- Costs to cover
- 0.100%
- Break-even
- 175.8 days
Slippage unknown: Injective: no order-book sample; BingX: 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 BingX live order book, 3 min ago | 2.98 bp | 23.0 bp −$23 | 70.6 bp −$706 | 458.0 bp −$45.8K | 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.
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 | −0.0576% | 1h | 0.3371 | −3.237% | $278K | $267K | 50x | as long as short |
| Bitget XTZUSDT | −0.0212% | 4h | 0.3364 | −3.444% | $905K | $856K | 75x | as long as short |
| Bybit XTZUSDT | −0.0047% | 4h | 0.3363 | −3.473% | $2.7M | $2.7M | 75x | as long as short |
| MEXC XTZ_USDT | −0.0020% | 4h | 0.3364 | −3.444% | $2.1M | $715K | 100x | as long as short |
| Binance XTZUSDT | −0.0015% | 4h | 0.3365 | −3.416% | $4.6M | $9.6M | 75x | as long as short |
| BloFin XTZ-USDT | 0.0000% | 4h | 0.3361 | −3.530% | $274K | $94K | 75x | as long as short |
| Injective XTZ/USDC PERPlong | +0.0033% | 1h | 0.3484 | long leg | $62 | $17K | 5.5x | |
| Variational Omni XTZ | +0.0064% | 4h | 0.3354 | −3.719% | $101K | $298K | — | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3364 | −3.444% | $1.2M | $1.2M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3362 | −3.502% | $617K | $167K | 75x | as long as short |
Kraken Futures PF_XTZUSD
Bitget XTZUSDT
Bybit XTZUSDT
MEXC XTZ_USDT
Binance XTZUSDT
BloFin XTZ-USDT
Variational Omni XTZ
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 | −3.416% | $622K | $188K | 30x | as long as short |
| BingX XTZ-USDTshort | +0.0100% | 4h | 0.3365 | −3.416% | — | $1.1M | — |
KuCoin XTZUSDTM