Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.022%

Price spread now: Derive against Bitget+0.019%7-day average +0.038% · you sell dearer than you buy

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

Long on Bitget Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now +0.019%, 7d avg +0.038%

Together, before fees+0.171%+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAUTUSDT	4,342.1	−0.0048	get 0.0024% / 4h	4m 11s	$25.8M	$15.3M	75x
Short	Derive XAUT-PERP	4,343	0.0100	get 0.0013% / 1h	4m 11s	$1.8M	$298K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee DerivebpOrdersPrice spread, now +0.019%Rate

Funding earned: $31.08
Price spread: +0.019% → +0.038%: −$1.85
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Derive: 3 bp × 2 orders: −$6
Net: $11.23
Costs to cover: 0.180%
Break-even: 4.5 days

Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago	0.01 bp	7.0 bp −$7	10.1 bp −$101	doesn't fit	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	−0.0331%	1h	4,344.1	+0.046%	$56K	$29K	20x	as long as short
Bitget XAUTUSDTlong	−0.0048%	4h	4,342.1	long leg	$25.8M	$15.3M	75x
Variational Omni XAUT	−0.0021%	4h	4,343.2	+0.024%	$33.1M	$3.5M	—	as long as short
MEXC XAUT_USDT	−0.0006%	4h	4,342.1	−0.001%	$386.0M	$278.5M	1000x	as long as short
Bybit XAUTUSDT	−0.0005%	4h	4,342.4	+0.006%	$120.0M	$28.0M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,343.6	+0.034%	$130.4M	$8.2M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.177%	$8K	$149K	30x	as long as short
BingX XAUT-USDT	+0.0042%	4h	4,342.5	+0.008%	—	$17.8M	—	as long as short
Binance XAUTUSDT	+0.0047%	4h	4,342.2	+0.002%	$35.1M	$45.3M	75x	as long as short
Extended XAUT-USD	+0.0048%	1h	4,340.9	−0.029%	$272K	$215K	25x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX XAUT-USD	+0.0050%	1h	4,341.5	−0.015%	$10.1M	$2.0M	25x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,342.3	+0.003%	$4.2M	$908K	10x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,343.3	+0.026%	$11.5M	$2.9M	75x	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,344.8	+0.061%	$756	$107K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,343	+0.020%	$267	$17K	10x	as long as short
Derive XAUT-PERPshort	+0.0100%	1h	4,343	+0.019%	$1.8M	$298K	10x
SunX XAUT-USDT	+0.0100%	4h	4,348.5	+0.147%	$2K	$3.3M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,340.5	−0.038%	$1.8M	$226K	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0222%	1h	4,344.3	+0.051%	$5.7M	$4.5M	50x	as long as short
BloFin XAUT-USDT	+0.0233%	4h	4,342.7	+0.013%	$2.3M	$1.6M	75x	as long as short