Funding you earn now, next payment 00:00 UTC−0.0334%/8h= −36.6% APRnext payment −$1.67 per $10,000 · paid last 24h −0.011%
Price spread now: Bitget against BingX+0.025%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 7 days−0.026%−$3 · spread now +0.025%, 7d avg −0.006%
=The price spread pays, funding is against you. Bitget is 0.031% dearer against BingX than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.006%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.061% in total) that is about 3.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.061% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.67 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 | BingX XAUT-USDT | 4,331.7 | 0.0100 | pay 0.0050% / 4h | 2h 14m | — | $17.7M | — |
| Short | Bitget XAUTUSDT | 4,332.8 | −0.0234 | pay 0.0117% / 4h | 2h 14m | $26.3M | $15.2M | 75x |
BingX XAUT-USDT
Bitget XAUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- −$70.14
- Price spread: +0.025% → −0.006%
- $3.08
- Slippage, 4 orders
- −$6
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$95.06
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; Bitget: 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 BingX live order book, 9 min ago | 0.24 bp | 5.5 bp −$6 | 6.1 bp −$61 | 11.6 bp −$1,165 | 58.0 bp −$29.0K |
| Sell Bitget live order book, 4 min ago | 0.01 bp | 7.5 bp −$8 | 10.9 bp −$109 | 24.5 bp −$2,449 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget XAUTUSDTshort | −0.0234% | 4h | 4,332.8 | +0.025% | $26.3M | $15.2M | 75x | |
| Aftermath Perps XAUTUSD | −0.0198% | 1h | 4,341.6 | +0.228% | $56K | $33K | 20x | as long as short |
| Kraken Futures PF_XAUTUSD | −0.0097% | 1h | 4,334.9 | +0.073% | $5.3M | $3.5M | 50x | as long as short |
| Injective XAUT/USDC PERP | −0.0056% | 1h | 4,343.8 | +0.279% | $8K | $76K | 30x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,331.3 | −0.010% | $131.8M | $9.0M | 100x | as long as short |
| Variational Omni XAUT | +0.0046% | 4h | 4,340.6 | +0.204% | $33.1M | $3.3M | — | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,334.7 | +0.069% | $10.1M | $2.1M | 25x | as long as short |
| Binance XAUTUSDT | +0.0070% | 4h | 4,334.1 | +0.054% | $35.3M | $45.9M | 75x | as long as short |
| Extended XAUT-USD | +0.0072% | 1h | 4,329.3 | −0.055% | $272K | $217K | 25x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,337.1 | +0.123% | $4.2M | $916K | 10x | as long as short |
Aftermath Perps XAUTUSD
Kraken Futures PF_XAUTUSD
Injective XAUT/USDC PERP
Gate XAUT_USDT
Variational Omni XAUT
SoDEX XAUT-USD
Binance XAUTUSDT
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 | 4,333.9 | +0.050% | $120.0M | $28.0M | 75x | as long as short |
| MEXC XAUT_USDT | +0.0100% | 4h | 4,333.3 | +0.036% | $346.8M | $277.4M | 1000x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,329.9 | −0.042% | $11.5M | $3.1M | 75x | as long as short |
| BingX XAUT-USDTlong | +0.0100% | 4h | 4,331.7 | long leg | — | $17.7M | — | |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,341 | +0.213% | $499 | $116K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,336 | +0.099% | $266 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,335.8 | +0.095% | $1.8M | $175K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,340.1 | +0.194% | $3K | $3.8M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,331.7 | 0.000% | $1.8M | $230K | 75x | as long as short |
| BloFin XAUT-USDT | +0.0340% | 4h | 4,332.7 | +0.022% | $2.3M | $1.7M | 75x | as long as short |
Bybit XAUTUSDT
MEXC XAUT_USDT
KuCoin XAUTUSDTM
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
BloFin XAUT-USDT