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+0.0154%/8h= +16.9% APRnext payment +$0.77 per $10,000 · paid last 24h +0.007%
Price spread now: Bybit against Bitget+0.027%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$260.260% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.008%−$1 on $10k
Price spread, last 7 days−0.040%−$4 · spread now +0.027%, 7d avg +0.001%
Together, before fees−0.048%−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.026% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XAUTUSDT4,347.7−0.0054get 0.0027% / 4h3h 19m$25.8M$15.2M75x
ShortBybit XAUTUSDT4,348.80.0100get 0.0050% / 4h3h 19m$120.8M$27.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$32.34
Price spread: +0.027% → +0.001%
$2.56
Slippage, 4 orders
−$2.96
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$8.93
Costs to cover
0.260%
Break-even
5.1 days
Slippage from Bitget: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago0.01 bp7.1 bp −$710.1 bp −$101doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago0.12 bp5.9 bp −$67.5 bp −$7515.9 bp −$1,585doesn'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−0.0229%1h4,356+0.191%$56K$31K20xas long as short
Bitget XAUTUSDTlong−0.0054%4h4,347.7long leg$25.8M$15.2M75x
Gate XAUT_USDT0.0000%8h4,351.4+0.086%$131.0M$8.2M100xas long as short
Injective XAUT/USDC PERP+0.0033%1h4,349.8+0.049%$8K$149K30xas long as short
SoDEX XAUT-USD+0.0050%1h4,353.6+0.137%$10.2M$2.0M25xas long as short
Nado XAUT-PERP+0.0100%1h4,352.2+0.106%$4.2M$1.0M10xas long as short
Binance XAUTUSDT+0.0100%4h4,349.1+0.032%$35.4M$46.8M75xas long as short
Bybit XAUTUSDTshort+0.0100%4h4,348.8+0.027%$120.8M$27.8M75x
MEXC XAUT_USDT+0.0100%4h4,350.5+0.065%$337.4M$281.9M1000xas long as short
KuCoin XAUTUSDTM+0.0100%4h4,353.3+0.129%$11.4M$2.9M75xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XAUT-USDT+0.0100%4h4,350.9+0.075%$17.9Mas long as short
Variational Omni XAUT+0.0100%4h4,352.9+0.121%$33.1M$3.5Mas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,356.1+0.195%$466$113K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,353.3+0.130%$267$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,354.2+0.150%$1.9M$220K10xas long as short
SunX XAUT-USDT+0.0100%4h4,358.6+0.251%$2K$3.7M20xas long as short
HTX XAUT-USDT+0.0100%4h4,351.9+0.098%$1.8M$231K75xas long as short
Extended XAUT-USD+0.0104%1h4,350+0.053%$274K$231K25xas long as short
Kraken Futures PF_XAUTUSD+0.0118%1h4,354.3+0.152%$5.3M$4.0M50xas long as short
BloFin XAUT-USDT+0.0340%4h4,353.1+0.125%$2.3M$1.6M75xas long as short