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

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0142%/8h= +15.5% APRnext payment +$0.71 per $10,000 · paid last 24h +0.016%
Price spread now: BingX against Bitget+0.035%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$240.243% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 7 days−0.032%−$3 · spread now +0.035%, 7d avg +0.006%
Together, before fees+0.037%+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BingX is 0.029% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XAUTUSDT4,352.2−0.0042get 0.0021% / 4h2h 31m$25.8M$15.2M75x
ShortBingX XAUT-USDT4,353.70.0100get 0.0050% / 4h2h 31m$17.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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
$29.82
Price spread: +0.035% → +0.006%
$2.86
Slippage, 4 orders
−$2.29
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
$8.38
Costs to cover
0.243%
Break-even
5.0 days
Slippage from Bitget: live order book, 2 min ago; BingX: live order book, 2 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 Bitget live order book, 2 min ago0.01 bp7.3 bp −$710.5 bp −$105doesn't fitdoesn't fit
Sell BingX live order book, 2 min ago0.13 bp5.2 bp −$56.5 bp −$6511.5 bp −$1,14928.5 bp −$14.2K

XAUT on 19 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−0.0282%1h4,353+0.020%$56K$30K20xas long as short
Bitget XAUTUSDTlong−0.0042%4h4,352.2long leg$25.8M$15.2M75x
Gate XAUT_USDT0.0000%8h4,355.7+0.081%$130.5M$8.2M100xas long as short
MEXC XAUT_USDT+0.0004%4h4,353.6+0.033%$331.2M$283.4M1000xas long as short
Bybit XAUTUSDT+0.0007%4h4,352.9+0.016%$120.7M$27.8M75xas long as short
Injective XAUT/USDC PERP+0.0033%1h4,349.8−0.054%$8K$149K30xas long as short
SoDEX XAUT-USD+0.0050%1h4,355.3+0.072%$10.2M$2.0M25xas long as short
Variational Omni XAUT+0.0060%4h4,350.7−0.034%$33.0M$3.5Mas long as short
Nado XAUT-PERP+0.0100%1h4,353.2+0.025%$4.2M$992K10xas long as short
Binance XAUTUSDT+0.0100%4h4,353.1+0.022%$35.3M$46.8M75xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XAUTUSDTM+0.0100%4h4,355.1+0.067%$11.4M$2.9M75xas long as short
BingX XAUT-USDTshort+0.0100%4h4,353.7+0.035%$17.8M
GRVT XAUT_USDT_Perp+0.0100%4h4,354.4+0.050%$766$111K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,353.8+0.038%$267$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,354.8+0.060%$1.9M$265K10xas long as short
SunX XAUT-USDT+0.0100%4h4,359.2+0.161%$3K$3.6M20xas long as short
HTX XAUT-USDT+0.0100%4h4,356.1+0.090%$1.9M$242K75xas long as short
Extended XAUT-USD+0.0104%1h4,352.4+0.007%$272K$213K25xas long as short
Kraken Futures PF_XAUTUSD+0.0300%1h4,355.6+0.079%$5.3M$4.1M50xas long as short