Funding you earn now, next payment 23:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.008%
Price spread now: Derive against Bybit+0.034%7-day average +0.030% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.108%+$11 on $10k
+Price spread, last 3 days (all we have)+0.013%+$1 · spread now +0.034%, 7d avg +0.030%
=The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: $0 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 | 4,348.1 | 0.0089 | pay 0.0045% / 4h | 1h 42m | $120.5M | $26.9M | 75x |
| Short | Derive XAUT-PERP | 4,349.6 | 0.0100 | get 0.0013% / 1h | 42m 59s | $1.8M | $175K | 10x |
Bybit XAUTUSDT
Derive XAUT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- $2.28
- Price spread: +0.034% → +0.030%
- $0.47
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$14.25
- Costs to cover
- 0.170%
- Break-even
- 50.7 days
Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago | 0.12 bp | 5.6 bp −$6 | 5.6 bp −$56 | 11.4 bp −$1,141 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget XAUTUSDT | −0.0226% | 4h | 4,347.9 | −0.004% | $26.2M | $14.7M | 75x | as long as short |
| Aftermath Perps XAUTUSD | −0.0225% | 1h | 4,348.9 | +0.019% | $56K | $33K | 20x | as long as short |
| Kraken Futures PF_XAUTUSD | −0.0105% | 1h | 4,350.5 | +0.056% | $5.3M | $3.5M | 50x | as long as short |
| Injective XAUT/USDC PERP | −0.0039% | 1h | 4,339.7 | −0.193% | $8K | $119K | 30x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,350 | +0.044% | $132.0M | $7.9M | 100x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,349.6 | +0.034% | $10.2M | $2.0M | 25x | as long as short |
| Variational Omni XAUT | +0.0077% | 4h | 4,347.2 | −0.020% | $33.2M | $3.3M | — | as long as short |
| Bybit XAUTUSDTlong | +0.0089% | 4h | 4,348.1 | long leg | $120.5M | $26.9M | 75x | |
| MEXC XAUT_USDT | +0.0090% | 4h | 4,348 | −0.002% | $341.1M | $280.7M | 1000x | as long as short |
| Extended XAUT-USD | +0.0096% | 1h | 4,348.2 | +0.002% | $272K | $217K | 25x | as long as short |
Bitget XAUTUSDT
Aftermath Perps XAUTUSD
Kraken Futures PF_XAUTUSD
Injective XAUT/USDC PERP
Gate XAUT_USDT
SoDEX XAUT-USD
Variational Omni XAUT
MEXC XAUT_USDT
Extended XAUT-USDShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance XAUTUSDT | +0.0097% | 4h | 4,349 | +0.020% | $35.4M | $45.4M | 75x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,348 | −0.002% | $4.2M | $977K | 10x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,350.3 | +0.050% | $11.5M | $2.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,348.6 | +0.012% | — | $17.7M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,348.7 | +0.013% | $622 | $114K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,347.8 | −0.007% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERPshort | +0.0100% | 1h | 4,349.6 | +0.034% | $1.8M | $175K | 10x | |
| SunX XAUT-USDT | +0.0100% | 4h | 4,353.8 | +0.132% | $2K | $3.7M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,346.3 | −0.042% | $1.8M | $230K | 75x | as long as short |
| BloFin XAUT-USDT | +0.0329% | 4h | 4,348.1 | 0.000% | $2.4M | $1.7M | 75x | as long as short |
Binance XAUTUSDT
Nado XAUT-PERP
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
SunX XAUT-USDT
HTX XAUT-USDT
BloFin XAUT-USDT