Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0362%/8h= −39.7% APRpaid last 24h −0.053%

Price spread now: Aftermath Perps against Bybit+0.022%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Aftermath Perps is 0.022% dearer against Bybit than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAUTUSDT	4,350.5	0.0100	pay 0.0050% / 4h	3h 15m	$120.8M	$27.8M	75x
Short	Aftermath Perps XAUTUSD	4,351.4	−0.0262	pay 0.0033% / 1h	15m 57s	$56K	$31K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee Aftermath PerpsbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$76.04
Price spread: +0.022% → 0.000%: $2.24
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$93.8
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Aftermath Perps: 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 Bybit live order book, 3 min ago	0.12 bp	5.6 bp −$6	6.8 bp −$68	13.7 bp −$1,374	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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 XAUTUSDshort	−0.0262%	1h	4,351.4	+0.022%	$56K	$31K	20x
Bitget XAUTUSDT	−0.0054%	4h	4,350.1	−0.009%	$25.9M	$15.2M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,352.1	+0.038%	$131.0M	$8.2M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	−0.015%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,351.4	+0.022%	$10.2M	$2.0M	25x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,349.9	−0.012%	$4.2M	$1.0M	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,350.9	+0.010%	$35.4M	$46.7M	75x	as long as short
Bybit XAUTUSDTlong	+0.0100%	4h	4,350.5	long leg	$120.8M	$27.8M	75x
MEXC XAUT_USDT	+0.0100%	4h	4,350.3	−0.003%	$337.8M	$282.9M	1000x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,352.8	+0.053%	$11.4M	$2.9M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XAUT-USDT	+0.0100%	4h	4,350.7	+0.005%	—	$17.9M	—	as long as short
Variational Omni XAUT	+0.0100%	4h	4,349.2	−0.029%	$33.1M	$3.5M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,353.9	+0.078%	$466	$113K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,351.3	+0.020%	$267	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,352.2	+0.041%	$1.9M	$220K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,356.6	+0.140%	$3K	$3.6M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,351.9	+0.033%	$1.8M	$231K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,349.9	−0.012%	$272K	$231K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0118%	1h	4,352.8	+0.054%	$5.3M	$4.0M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,350.1	−0.008%	$2.3M	$1.6M	75x	as long as short