Settings8H · net · $10k
Funding arb · Price arb /

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0038%/8h= −4.1% APRpaid last 24h +0.042%
Price spread now: Bitget against Aftermath Perps−0.181%46s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.181% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps XAUTUSD4,341.6−0.0198get 0.0025% / 1h14m 30s$56K$33K20x
ShortBitget XAUTUSDT4,333.8−0.0236pay 0.0118% / 4h2h 14m$26.3M$15.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Aftermath Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$7.94
Price spread: −0.181% → 0.000%
−$18.07
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$47.01
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; Bitget: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aftermath Perps no order-book sample
Sell Bitget live order book, 4 min ago0.01 bp7.5 bp −$810.9 bp −$10924.5 bp −$2,449doesn't fit
Aftermath Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XAUTUSDTshort−0.0236%4h4,333.8−0.181%$26.3M$15.2M75x
Aftermath Perps XAUTUSDlong−0.0198%1h4,341.6long leg$56K$33K20x
Kraken Futures PF_XAUTUSD−0.0097%1h4,334.9−0.155%$5.3M$3.5M50xas long as short
Injective XAUT/USDC PERP−0.0056%1h4,343.8+0.050%$8K$76K30xas long as short
Gate XAUT_USDT0.0000%8h4,335.6−0.139%$131.9M$9.0M100xas long as short
Variational Omni XAUT+0.0046%4h4,340.6−0.025%$33.1M$3.3Mas long as short
SoDEX XAUT-USD+0.0050%1h4,334.7−0.160%$10.1M$2.1M25xas long as short
Binance XAUTUSDT+0.0070%4h4,335−0.152%$35.3M$45.9M75xas long as short
Extended XAUT-USD+0.0072%1h4,333.7−0.182%$272K$217K25xas long as short
Nado XAUT-PERP+0.0100%1h4,332.8−0.202%$4.2M$949K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XAUTUSDT+0.0100%4h4,334.7−0.160%$120.1M$28.0M75xas long as short
MEXC XAUT_USDT+0.0100%4h4,333.3−0.192%$346.8M$277.4M1000xas long as short
KuCoin XAUTUSDTM+0.0100%4h4,333.3−0.192%$11.5M$3.1M75xas long as short
BingX XAUT-USDT+0.0100%4h4,334.4−0.167%$17.7Mas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,341−0.015%$499$116K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,336−0.130%$266$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,335.8−0.133%$1.8M$175K10xas long as short
SunX XAUT-USDT+0.0100%4h4,340.1−0.034%$3K$3.8M20xas long as short
HTX XAUT-USDT+0.0100%4h4,331.7−0.228%$1.8M$230K75xas long as short
BloFin XAUT-USDT+0.0340%4h4,332.7−0.206%$2.3M$1.7M75xas long as short