Funding you earn now, next payment 00:00 UTC+0.0056%/8h= +6.2% APRnext payment +$0.28 per $10,000 · paid last 24h +0.005%
Price spread now: Binance against Bybit+0.019%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$220.225% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 7 days−0.013%−$1 · spread now +0.019%, 7d avg 0.000%
=The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XAUTUSDT | 4,362.8 | 0.0044 | pay 0.0022% / 4h | 55m 50s | $120.8M | $27.1M | 75x |
| Short | Binance XAUTUSDT | 4,363.6 | 0.0100 | get 0.0050% / 4h | 55m 50s | $35.5M | $46.1M | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $11.84
- Price spread: +0.019% → 0.000%
- $1.85
- Slippage, 4 orders
- −$1.47
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$8.78
- Costs to cover
- 0.225%
- Break-even
- 12.2 days
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 16 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 Bybit live order book, 3 min ago | 0.12 bp | 6.4 bp −$6 | 7.1 bp −$71 | 13.3 bp −$1,330 | doesn't fit |
| Sell Binance live order book, 16 min ago | 0.01 bp | 5.0 bp −$5 | 5.8 bp −$58 | 15.1 bp −$1,513 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps XAUTUSD | −0.0198% | 1h | 4,361.4 | −0.031% | $56K | $32K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0162% | 4h | 4,362.3 | −0.011% | $26.2M | $14.8M | 75x | as long as short |
| Injective XAUT/USDC PERP | −0.0055% | 1h | 4,349.8 | −0.298% | $8K | $149K | 30x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,364 | +0.028% | $131.9M | $7.8M | 100x | as long as short |
| MEXC XAUT_USDT | +0.0040% | 4h | 4,362.9 | +0.002% | $343.0M | $275.5M | 1000x | as long as short |
| Bybit XAUTUSDTlong | +0.0044% | 4h | 4,362.8 | long leg | $120.8M | $27.1M | 75x | |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,364.7 | +0.044% | $10.2M | $2.0M | 25x | as long as short |
| Variational Omni XAUT | +0.0053% | 4h | 4,361.1 | −0.040% | $33.3M | $3.2M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,361.4 | −0.033% | $4.2M | $989K | 10x | as long as short |
| Binance XAUTUSDTshort | +0.0100% | 4h | 4,363.6 | +0.019% | $35.5M | $46.1M | 75x |
Show all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,364.7 | +0.043% | $11.4M | $3.0M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,362.7 | −0.002% | — | $17.9M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,362.4 | −0.009% | $1K | $111K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,362.6 | −0.005% | $268 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,363.6 | +0.018% | $1.9M | $179K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,367.9 | +0.117% | $2K | $3.7M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,354.6 | −0.187% | $1.9M | $231K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,362.7 | −0.001% | $272K | $217K | 25x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0105% | 1h | 4,364.5 | +0.038% | $5.3M | $3.6M | 50x | as long as short |
| BloFin XAUT-USDT | +0.0166% | 4h | 4,360.8 | −0.046% | $2.3M | $1.7M | 75x | as long as short |
Bybit XAUTUSDT
Binance XAUTUSDT
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Injective XAUT/USDC PERP
Gate XAUT_USDT
MEXC XAUT_USDT
SoDEX XAUT-USD
Variational Omni XAUT
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
Extended XAUT-USD
Kraken Futures PF_XAUTUSD
BloFin XAUT-USDT