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
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%
=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%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XAUTUSDT | 4,341.3 | 0.0080 | pay 0.0040% / 4h | 2h 49m | $35.3M | $45.4M | 75x |
| Short | Bybit XAUTUSDT | 4,342.3 | 0.0100 | get 0.0050% / 4h | 2h 49m | $120.6M | $27.3M | 75x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 7 min ago | 0.01 bp | 5.0 bp −$5 | 5.7 bp −$57 | 18.8 bp −$1,883 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.12 bp | 5.6 bp −$6 | 6.6 bp −$66 | 13.8 bp −$1,375 | 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 | −0.0253% | 1h | 4,342.2 | +0.021% | $56K | $33K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0182% | 4h | 4,339.4 | −0.044% | $26.3M | $14.9M | 75x | as long as short |
| Kraken Futures PF_XAUTUSD | −0.0097% | 1h | 4,343.3 | +0.046% | $5.3M | $3.4M | 50x | as long as short |
| Injective XAUT/USDC PERP | −0.0056% | 1h | 4,343.8 | +0.058% | $8K | $76K | 30x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,343.4 | +0.048% | $131.9M | $8.9M | 100x | as long as short |
| Variational Omni XAUT | +0.0002% | 4h | 4,342.5 | +0.027% | $33.1M | $3.3M | — | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,343.9 | +0.060% | $10.1M | $2.1M | 25x | as long as short |
| Binance XAUTUSDTlong | +0.0080% | 4h | 4,341.3 | long leg | $35.3M | $45.4M | 75x | |
| Extended XAUT-USD | +0.0080% | 1h | 4,340.9 | −0.009% | $272K | $217K | 25x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,342.4 | +0.025% | $4.2M | $917K | 10x | as long as short |
Show all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit XAUTUSDTshort | +0.0100% | 4h | 4,342.3 | +0.023% | $120.6M | $27.3M | 75x | |
| MEXC XAUT_USDT | +0.0100% | 4h | 4,342.7 | +0.032% | $351.3M | $275.5M | 1000x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,343.7 | +0.056% | $11.5M | $3.3M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,341.9 | +0.015% | — | $17.7M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,342.4 | +0.025% | $643 | $116K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,342.1 | +0.018% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,343.4 | +0.049% | $1.8M | $175K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,347.4 | +0.141% | $3K | $3.8M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,340.1 | −0.028% | $1.8M | $231K | 75x | as long as short |
| BloFin XAUT-USDT | +0.0340% | 4h | 4,342.6 | +0.030% | $2.4M | $1.7M | 75x | as long as short |
Binance XAUTUSDT
Bybit XAUTUSDT
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Kraken Futures PF_XAUTUSD
Injective XAUT/USDC PERP
Gate XAUT_USDT
Variational Omni XAUT
SoDEX XAUT-USD
Extended XAUT-USD
MEXC XAUT_USDT
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
BloFin XAUT-USDT