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

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.10 per $10,000 · paid last 24h −0.005%
Price spread now: Bybit against Binance+0.023%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$210.213% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.017%−$2 on $10k
Price spread, last 7 days−0.023%−$2 · spread now +0.023%, 7d avg 0.000%
Together, before fees−0.041%−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.023% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of 0.000%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance XAUTUSDT4,341.30.0080pay 0.0040% / 4h2h 49m$35.3M$45.4M75x
ShortBybit XAUTUSDT4,342.30.0100get 0.0050% / 4h2h 49m$120.6M$27.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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
$4.3
Price spread: +0.023% → 0.000%
$2.33
Slippage, 4 orders
−$0.25
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$14.63
Costs to cover
0.213%
Break-even
30.8 days
Slippage from Binance: live order book, 7 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 7 min ago0.01 bp5.0 bp −$55.7 bp −$5718.8 bp −$1,883doesn't fit
Sell Bybit live order book, 4 min ago0.12 bp5.6 bp −$66.6 bp −$6613.8 bp −$1,375doesn't fit

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
Aftermath Perps XAUTUSD−0.0253%1h4,342.2+0.021%$56K$33K20xas long as short
Bitget XAUTUSDT−0.0182%4h4,339.4−0.044%$26.3M$14.9M75xas long as short
Kraken Futures PF_XAUTUSD−0.0097%1h4,343.3+0.046%$5.3M$3.4M50xas long as short
Injective XAUT/USDC PERP−0.0056%1h4,343.8+0.058%$8K$76K30xas long as short
Gate XAUT_USDT0.0000%8h4,343.4+0.048%$131.9M$8.9M100xas long as short
Variational Omni XAUT+0.0002%4h4,342.5+0.027%$33.1M$3.3Mas long as short
SoDEX XAUT-USD+0.0050%1h4,343.9+0.060%$10.1M$2.1M25xas long as short
Binance XAUTUSDTlong+0.0080%4h4,341.3long leg$35.3M$45.4M75x
Extended XAUT-USD+0.0080%1h4,340.9−0.009%$272K$217K25xas long as short
Nado XAUT-PERP+0.0100%1h4,342.4+0.025%$4.2M$917K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XAUTUSDTshort+0.0100%4h4,342.3+0.023%$120.6M$27.3M75x
MEXC XAUT_USDT+0.0100%4h4,342.7+0.032%$351.3M$275.5M1000xas long as short
KuCoin XAUTUSDTM+0.0100%4h4,343.7+0.056%$11.5M$3.3M75xas long as short
BingX XAUT-USDT+0.0100%4h4,341.9+0.015%$17.7Mas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,342.4+0.025%$643$116K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,342.1+0.018%$267$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,343.4+0.049%$1.8M$175K10xas long as short
SunX XAUT-USDT+0.0100%4h4,347.4+0.141%$3K$3.8M20xas long as short
HTX XAUT-USDT+0.0100%4h4,340.1−0.028%$1.8M$231K75xas long as short
BloFin XAUT-USDT+0.0340%4h4,342.6+0.030%$2.4M$1.7M75xas long as short