Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0303%/8h= +33.2% APRpaid last 24h +0.042%

Price spread now: GRVT against Aftermath Perps−0.039%67s7-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 GRVT

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.039% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 10 hours of funding at the current rate (+$9 a day). The two prices were read 67 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	Aftermath Perps XAUTUSD	4,353.1	−0.0203	get 0.0025% / 1h	12m 26s	$56K	$32K	20x
Short	GRVT XAUT_USDT_Perp	4,351.4	0.0100	get 0.0050% / 4h	1h 12m	$540	$111K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.039%Rate

Funding earned: $63.65
Price spread: −0.039% → 0.000%: −$3.88
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $41.77
Costs to cover: 0.180%
Break-even: 2.4 days

Slippage unknown: Aftermath Perps: no order-book sample; GRVT: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aftermath Perps no order-book sample	—	—	—	—	—
Sell GRVT live order book, 4 min ago	1.25 bp	5.8 bp −$6	doesn't fit	doesn't fit	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	−0.0203%	1h	4,353.1	long leg	$56K	$32K	20x
Bitget XAUTUSDT	−0.0190%	4h	4,352.9	−0.004%	$26.3M	$14.7M	75x	as long as short
Kraken Futures PF_XAUTUSD	−0.0105%	1h	4,355.6	+0.059%	$5.3M	$3.5M	50x	as long as short
Injective XAUT/USDC PERP	−0.0039%	1h	4,349.8	−0.075%	$8K	$149K	30x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,354.3	+0.028%	$131.9M	$8.0M	100x	as long as short
Bybit XAUTUSDT	+0.0049%	4h	4,352.8	−0.005%	$120.7M	$26.9M	75x	as long as short
MEXC XAUT_USDT	+0.0050%	4h	4,352.8	−0.006%	$344.7M	$284.0M	1000x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,354.3	+0.028%	$10.2M	$2.0M	25x	as long as short
Variational Omni XAUT	+0.0056%	4h	4,350.6	−0.056%	$33.2M	$3.3M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,352.8	−0.005%	$4.2M	$982K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XAUTUSDT	+0.0100%	4h	4,353.7	+0.014%	$35.5M	$45.6M	75x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,355.1	+0.048%	$11.6M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,353.1	0.000%	—	$17.8M	—	as long as short
GRVT XAUT_USDT_Perpshort	+0.0100%	4h	4,351.4	−0.039%	$540	$111K	10x
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,352.6	−0.011%	$267	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,354.8	+0.040%	$1.8M	$179K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,358.2	+0.119%	$2K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,349.4	−0.084%	$1.8M	$231K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,352.8	−0.005%	$272K	$217K	25x	as long as short
BloFin XAUT-USDT	+0.0206%	4h	4,349.9	−0.073%	$2.3M	$1.7M	75x	as long as short