Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0267%/8h= +29.2% APRpaid last 24h +0.053%

Price spread now: Bybit against Aftermath Perps−0.105%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on Bybit

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bybit is 0.105% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.105% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 31 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XAUTUSD	4,366.7	−0.0167	get 0.0021% / 1h	42m 22s	$56K	$31K	20x
Short	Bybit XAUTUSDT	4,362.1	0.0100	get 0.0050% / 4h	3h 42m	$121.1M	$27.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee Aftermath PerpsbpFee BybitbpOrdersPrice spread, now −0.105%Rate

Funding earned: $56.06
Price spread: −0.105% → 0.000%: −$10.48
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $25.58
Costs to cover: 0.200%
Break-even: 3.8 days

Slippage unknown: Aftermath Perps: no order-book sample; Bybit: live order book, 2 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	0.12 bp	5.6 bp −$6	6.5 bp −$65	13.4 bp −$1,345	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps XAUTUSDlong	−0.0167%	1h	4,366.7	long leg	$56K	$31K	20x
Bitget XAUTUSDT	−0.0060%	4h	4,362	−0.106%	$26.0M	$15.3M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,363.9	−0.064%	$131.4M	$8.1M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	−0.386%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,364.5	−0.050%	$10.2M	$2.0M	25x	as long as short
Variational Omni XAUT	+0.0094%	4h	4,368.7	+0.046%	$33.3M	$3.4M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,362.5	−0.097%	$4.2M	$1.0M	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,363.1	−0.083%	$35.5M	$46.9M	75x	as long as short
Bybit XAUTUSDTshort	+0.0100%	4h	4,362.1	−0.105%	$121.1M	$27.8M	75x
MEXC XAUT_USDT	+0.0100%	4h	4,362.6	−0.093%	$338.7M	$279.2M	1000x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTM	+0.0100%	4h	4,364.4	−0.053%	$11.4M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,362.2	−0.102%	—	$18.0M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,369.4	+0.062%	$323	$115K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,362.8	−0.089%	$268	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,364.6	−0.046%	$1.9M	$240K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,368.1	+0.032%	$2K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,362.9	−0.086%	$1.9M	$230K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,362.1	−0.104%	$274K	$231K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0118%	1h	4,364.8	−0.042%	$5.3M	$4.0M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,362.4	−0.098%	$2.3M	$1.7M	75x	as long as short