Settings8H · net · $10k
Funding arb · Price arb /

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%
Price spread now: KuCoin against Bybit+0.030%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$280.276% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.081%+$8 on $10k
Price spread, last 7 days−0.005%$0 · spread now +0.030%, 7d avg +0.023%
Together, before fees+0.077%+$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XAUTUSDT4,322.90.0100pay 0.0050% / 4h8m 40s$119.2M$38.4M75x
ShortKuCoin XAUTUSDTM4,324.20.0100get 0.0050% / 4h8m 40s$12.3M$3.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$0
Price spread: +0.030% → +0.023%
$0.73
Slippage, 4 orders
−$4.56
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$26.83
Costs to cover
0.276%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 3 min ago0.12 bp5.6 bp −$66.6 bp −$6613.7 bp −$1,368doesn't fit
Sell KuCoin live order book, 3 min ago0.01 bp8.1 bp −$8doesn't fitdoesn't fitdoesn't fit

XAUT on 20 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XAUTUSDT−0.0080%4h4,322.2−0.016%$24.3M$25.4M75xas long as short
Aftermath Perps XAUTUSD−0.0068%1h4,321.1−0.041%$55K$7K20xas long as short
Gate XAUT_USDT0.0000%8h4,324.1+0.029%$131.0M$11.0M100xas long as short
Injective XAUT/USDC PERP+0.0033%1h4,349.8+0.623%$8K$149K30xas long as short
SoDEX XAUT-USD+0.0050%1h4,320.5−0.054%$10.1M$2.2M25xas long as short
Nado XAUT-PERP+0.0100%1h4,322.2−0.015%$4.1M$888K10xas long as short
Binance XAUTUSDT+0.0100%4h4,322.4−0.011%$36.3M$46.9M75xas long as short
Bybit XAUTUSDTlong+0.0100%4h4,322.9long leg$119.2M$38.4M75x
MEXC XAUT_USDT+0.0100%4h4,322.5−0.008%$415.0M$301.4M1000xas long as short
KuCoin XAUTUSDTMshort+0.0100%4h4,324.2+0.030%$12.3M$3.7M75x
Show all 20 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XAUT-USDT+0.0100%4h4,322.7−0.003%$21.0Mas long as short
Variational Omni XAUT+0.0100%4h4,321.2−0.039%$33.1M$3.0Mas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,321.6−0.028%$635$107K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,321.1−0.040%$265$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,323.6+0.018%$1.8M$435K10xas long as short
SunX XAUT-USDT+0.0100%4h4,326.7+0.089%$2K$2.3M20xas long as short
HTX XAUT-USDT+0.0100%4h4,319.4−0.080%$1.8M$170K75xas long as short
Extended XAUT-USD+0.0104%1h4,320.8−0.047%$274K$254K25xas long as short
Kraken Futures PF_XAUTUSD+0.0133%1h4,323.6+0.017%$5.9M$6.0M50xas long as short
BloFin XAUT-USDT+0.0340%4h4,322.6−0.006%$2.3M$722K75xas long as short