Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Derive against Binance+0.009%7-day average +0.029% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 3 days (all we have)+0.059%+$6 · spread now +0.009%, 7d avg +0.029%

Together, before fees+0.150%+$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAUTUSDT	4,354.5	0.0100	pay 0.0050% / 4h	1h 12m	$35.5M	$45.6M	75x
Short	Derive XAUT-PERP	4,354.9	0.0100	get 0.0013% / 1h	12m 13s	$1.8M	$179K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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

Position, each leg$Hold fordaysFee BinancebpFee DerivebpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.029%: −$2
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: −$18
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 15 min ago; Derive: 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 Binance live order book, 15 min ago	0.01 bp	5.2 bp −$5	7.1 bp −$71	19.1 bp −$1,911	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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 XAUTUSD	−0.0203%	1h	4,353.1	−0.033%	$56K	$32K	20x	as long as short
Bitget XAUTUSDT	−0.0190%	4h	4,352.9	−0.037%	$26.3M	$14.7M	75x	as long as short
Kraken Futures PF_XAUTUSD	−0.0105%	1h	4,356.5	+0.045%	$5.3M	$3.5M	50x	as long as short
Injective XAUT/USDC PERP	−0.0039%	1h	4,349.8	−0.108%	$8K	$149K	30x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,354.3	−0.005%	$131.9M	$8.0M	100x	as long as short
Bybit XAUTUSDT	+0.0049%	4h	4,353.4	−0.025%	$120.7M	$26.9M	75x	as long as short
MEXC XAUT_USDT	+0.0050%	4h	4,353.8	−0.016%	$344.7M	$284.2M	1000x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,355.1	+0.014%	$10.2M	$2.0M	25x	as long as short
Variational Omni XAUT	+0.0056%	4h	4,350.6	−0.090%	$33.2M	$3.3M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,352.8	−0.039%	$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 XAUTUSDTlong	+0.0100%	4h	4,354.5	long leg	$35.5M	$45.6M	75x
KuCoin XAUTUSDTM	+0.0100%	4h	4,355.8	+0.028%	$11.6M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,353.1	−0.033%	—	$17.8M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,351.4	−0.072%	$540	$111K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,352.6	−0.044%	$267	$17K	10x	as long as short
Derive XAUT-PERPshort	+0.0100%	1h	4,354.9	+0.009%	$1.8M	$179K	10x
SunX XAUT-USDT	+0.0100%	4h	4,358.2	+0.084%	$3K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,349.4	−0.117%	$1.8M	$231K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,352.8	−0.039%	$272K	$217K	25x	as long as short
BloFin XAUT-USDT	+0.0206%	4h	4,349.9	−0.106%	$2.3M	$1.7M	75x	as long as short