Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0325%/8h= +35.6% APRpaid last 24h +0.062%

Price spread now: Orderly against Aftermath Perps−0.026%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 Orderly

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. Orderly is 0.026% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XAUTUSD	4,348.9	−0.0225	get 0.0028% / 1h	43m 14s	$56K	$33K	20x
Short	Orderly PERP_XAUT_USDC_mythos	4,347.8	0.0100	get 0.0050% / 4h	1h 43m	$267	$17K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.026%Rate

Funding earned: $68.31
Price spread: −0.026% → 0.000%: −$2.64
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: $50.67
Costs to cover: 0.150%
Break-even: 1.8 days

Slippage unknown: Aftermath Perps: no order-book sample; Orderly: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Aftermath Perps and Orderly: 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
Bitget XAUTUSDT	−0.0226%	4h	4,347.9	−0.024%	$26.2M	$14.7M	75x	as long as short
Aftermath Perps XAUTUSDlong	−0.0225%	1h	4,348.9	long leg	$56K	$33K	20x
Kraken Futures PF_XAUTUSD	−0.0105%	1h	4,350.5	+0.036%	$5.3M	$3.5M	50x	as long as short
Injective XAUT/USDC PERP	−0.0039%	1h	4,339.7	−0.213%	$8K	$119K	30x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,349.9	+0.022%	$132.0M	$7.9M	100x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,349.6	+0.015%	$10.2M	$2.0M	25x	as long as short
Variational Omni XAUT	+0.0077%	4h	4,347.2	−0.039%	$33.2M	$3.3M	—	as long as short
Bybit XAUTUSDT	+0.0089%	4h	4,348	−0.022%	$120.5M	$26.9M	75x	as long as short
MEXC XAUT_USDT	+0.0090%	4h	4,348	−0.022%	$341.1M	$280.7M	1000x	as long as short
Extended XAUT-USD	+0.0096%	1h	4,348.2	−0.017%	$272K	$217K	25x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XAUTUSDT	+0.0097%	4h	4,349	+0.001%	$35.4M	$45.4M	75x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,348	−0.022%	$4.2M	$977K	10x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,350.3	+0.031%	$11.5M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,348.6	−0.008%	—	$17.7M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,348.7	−0.006%	$622	$114K	10x	as long as short
Orderly PERP_XAUT_USDC_mythosshort	+0.0100%	4h	4,347.8	−0.026%	$267	$17K	10x
Derive XAUT-PERP	+0.0100%	1h	4,349.6	+0.015%	$1.8M	$175K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,353.8	+0.112%	$2K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,346.3	−0.061%	$1.8M	$230K	75x	as long as short
BloFin XAUT-USDT	+0.0329%	4h	4,348.1	−0.019%	$2.4M	$1.7M	75x	as long as short