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

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.24 per $10,000 · paid last 24h +0.008%
Price spread now: SunX against Binance+0.134%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$740.741% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.093%+$9 on $10k
Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.134%, 7d avg +0.101%
Together, before fees+0.105%+$10 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 SunX is 0.034% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.101%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance XAUTUSDT4,339.70.0052pay 0.0026% / 4h3h 57m$35.1M$45.2M75x
ShortSunX XAUT-USDT4,345.50.0100get 0.0050% / 4h3h 57m$3K$3.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$10.08
Price spread: +0.134% → +0.101%
$3.36
Slippage, 4 orders
−$56.07
Fee Binance: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$60.64
Costs to cover
0.741%
Break-even
49.1 days
Slippage from Binance: live order book, 15 min ago; SunX: live order book, 11 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, 15 min ago0.01 bp5.2 bp −$56.2 bp −$6220.1 bp −$2,013doesn't fit
Sell SunX live order book, 11 min ago21.51 bp38.4 bp −$3868.0 bp −$680doesn't fitdoesn'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−0.0332%1h4,342.2+0.057%$56K$29K20xas long as short
Bitget XAUTUSDT−0.0048%4h4,338.6−0.027%$25.8M$15.4M75xas long as short
Variational Omni XAUT−0.0016%4h4,343+0.075%$33.1M$3.5Mas long as short
Gate XAUT_USDT0.0000%8h4,340.4+0.016%$130.2M$8.1M100xas long as short
Injective XAUT/USDC PERP+0.0033%1h4,349.8+0.232%$8K$149K30xas long as short
BingX XAUT-USDT+0.0049%4h4,339.6−0.003%$17.7Mas long as short
SoDEX XAUT-USD+0.0050%1h4,337.8−0.044%$10.1M$2.0M25xas long as short
Binance XAUTUSDTlong+0.0052%4h4,339.7long leg$35.1M$45.2M75x
Extended XAUT-USD+0.0056%1h4,338.3−0.034%$272K$215K25xas long as short
Nado XAUT-PERP+0.0100%1h4,339.4−0.007%$4.2M$909K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XAUTUSDT+0.0100%4h4,339.70.000%$120.0M$27.9M75xas long as short
MEXC XAUT_USDT+0.0100%4h4,339.6−0.003%$387.9M$269.2M1000xas long as short
KuCoin XAUTUSDTM+0.0100%4h4,340.4+0.016%$11.5M$2.9M75xas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,342.1+0.054%$547$108K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,340.2+0.011%$267$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,340.2+0.011%$1.8M$298K10xas long as short
SunX XAUT-USDTshort+0.0100%4h4,345.5+0.134%$3K$3.3M20x
HTX XAUT-USDT+0.0100%4h4,340+0.006%$1.8M$226K75xas long as short
Kraken Futures PF_XAUTUSD+0.0138%1h4,340.3+0.013%$5.7M$4.6M50xas long as short
BloFin XAUT-USDT+0.0240%4h4,342.9+0.073%$2.3M$1.6M75xas long as short