Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.015%

Price spread now: Gate against Bybit+0.044%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$10 on $10k

Price spread, last 7 days+0.009%+$1 · spread now +0.044%, 7d avg +0.043%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.095%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAUTUSDT	4,345.3	−0.0032	get 0.0016% / 4h	29m 13s	$120.0M	$28.0M	75x
Short	Gate XAUT_USDT	4,347.2	0	get 0.0000% / 8h	4h 29m	$130.6M	$8.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.044%Rate

Funding earned: $6.7
Price spread: +0.044% → +0.043%: $0.15
Slippage, 4 orders: −$3.39
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$22.54
Costs to cover: 0.294%
Break-even: 30.5 days

Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago	0.12 bp	6.3 bp −$6	6.9 bp −$69	13.3 bp −$1,333	doesn't fit
Sell Gate live order book, 5 min ago	0.12 bp	9.3 bp −$9	12.3 bp −$123	20.3 bp −$2,031	49.9 bp −$25.0K

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	−0.0345%	1h	4,344.2	−0.025%	$56K	$29K	20x	as long as short
Bitget XAUTUSDT	−0.0042%	4h	4,344.8	−0.010%	$25.9M	$15.3M	75x	as long as short
MEXC XAUT_USDT	−0.0032%	4h	4,345.7	+0.010%	$355.2M	$273.7M	1000x	as long as short
Bybit XAUTUSDTlong	−0.0032%	4h	4,345.3	long leg	$120.0M	$28.0M	75x
Variational Omni XAUT	−0.0029%	4h	4,344.2	−0.025%	$33.1M	$3.5M	—	as long as short
Gate XAUT_USDTshort	0.0000%	8h	4,347.2	+0.044%	$130.6M	$8.1M	100x
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.104%	$8K	$149K	30x	as long as short
BingX XAUT-USDT	+0.0038%	4h	4,345.4	+0.003%	—	$17.8M	—	as long as short
Binance XAUTUSDT	+0.0040%	4h	4,345.1	−0.003%	$35.1M	$45.4M	75x	as long as short
Extended XAUT-USD	+0.0040%	1h	4,344.1	−0.027%	$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	4,345.7	+0.010%	$10.1M	$2.0M	25x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,345.5	+0.006%	$4.2M	$964K	10x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,347.4	+0.049%	$11.5M	$2.9M	75x	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,344.6	−0.015%	$912	$107K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,344.6	−0.015%	$267	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,346.2	+0.021%	$1.8M	$297K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,350.6	+0.123%	$3K	$3.4M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,344	−0.029%	$1.8M	$226K	75x	as long as short
BloFin XAUT-USDT	+0.0207%	4h	4,345.6	+0.008%	$2.3M	$1.6M	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0222%	1h	4,347.4	+0.050%	$5.7M	$4.5M	50x	as long as short