Funding you earn now, next payment 00:00 UTC−0.0236%/8h= −25.8% APRnext payment −$1.18 per $10,000 · paid last 24h −0.008%
Price spread now: Bitget against Binance−0.071%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 7 days+0.075%+$8 · spread now −0.071%, 7d avg −0.001%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.071% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.001%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.003% in total (about -0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.18 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XAUTUSDT | 4,342.9 | 0.0080 | pay 0.0040% / 4h | 2h 57m | $35.3M | $45.4M | 75x |
| Short | Bitget XAUTUSDT | 4,339.8 | −0.0156 | pay 0.0078% / 4h | 2h 57m | $26.4M | $14.9M | 75x |
Binance XAUTUSDT
Bitget XAUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$49.52
- Price spread: −0.071% → −0.001%
- −$7.06
- Slippage, 4 orders
- −$1.09
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$79.67
- Costs to cover
- 0.231%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Bitget: live order book, 1 min ago.
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 Binance live order book, 14 min ago | 0.01 bp | 5.0 bp −$5 | 5.8 bp −$58 | 19.5 bp −$1,950 | doesn't fit |
| Sell Bitget live order book, 1 min ago | 0.01 bp | 6.8 bp −$7 | 9.2 bp −$92 | doesn't fit | doesn't fit |
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 XAUTUSD | −0.0233% | 1h | 4,341.9 | −0.023% | $56K | $33K | 20x | as long as short |
| Bitget XAUTUSDTshort | −0.0156% | 4h | 4,339.8 | −0.071% | $26.4M | $14.9M | 75x | |
| Kraken Futures PF_XAUTUSD | −0.0097% | 1h | 4,344.4 | +0.036% | $5.3M | $3.4M | 50x | as long as short |
| Injective XAUT/USDC PERP | −0.0056% | 1h | 4,343.8 | +0.021% | $8K | $76K | 30x | as long as short |
| Variational Omni XAUT | −0.0019% | 4h | 4,342 | −0.020% | $33.1M | $3.3M | — | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,344 | +0.026% | $131.9M | $8.9M | 100x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,343.7 | +0.019% | $10.1M | $2.1M | 25x | as long as short |
| Binance XAUTUSDTlong | +0.0080% | 4h | 4,342.9 | long leg | $35.3M | $45.4M | 75x | |
| Extended XAUT-USD | +0.0080% | 1h | 4,342.3 | −0.012% | $272K | $217K | 25x | as long as short |
| Nado XAUT-PERP | +0.0093% | 1h | 4,342 | −0.019% | $4.2M | $921K | 10x | as long as short |
Aftermath Perps XAUTUSD
Kraken Futures PF_XAUTUSD
Injective XAUT/USDC PERP
Variational Omni XAUT
Gate XAUT_USDT
SoDEX XAUT-USD
Extended XAUT-USD
Nado XAUT-PERPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit XAUTUSDT | +0.0100% | 4h | 4,342.2 | −0.016% | $120.6M | $27.2M | 75x | as long as short |
| MEXC XAUT_USDT | +0.0100% | 4h | 4,342.3 | −0.013% | $351.8M | $275.2M | 1000x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,343.8 | +0.022% | $11.5M | $3.3M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,342 | −0.019% | — | $17.6M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,342.4 | −0.011% | $712 | $117K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,343.2 | +0.008% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,343.2 | +0.008% | $1.8M | $175K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,349.8 | +0.159% | $2K | $3.8M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,340.1 | −0.064% | $1.8M | $231K | 75x | as long as short |
| BloFin XAUT-USDT | +0.0340% | 4h | 4,341.9 | −0.022% | $2.4M | $1.7M | 75x | as long as short |
Bybit XAUTUSDT
MEXC XAUT_USDT
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
BloFin XAUT-USDT