Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%

Price spread now: BingX against Derive+0.016%7-day average −0.025% · you sell dearer than you buy

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

Long on Derive Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.016%, 7d avg −0.025%

Together, before fees−0.089%−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.041% dearer against Derive than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive XAUT-PERP	4,314	0.0100	pay 0.0013% / 1h	23m 53s	$1.8M	$343K	10x
Short	BingX XAUT-USDT	4,314.7	0.0100	get 0.0050% / 4h	23m 53s	—	$19.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Derive. 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 DerivebpFee BingXbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.025%: $4.07
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$11.93
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; BingX: live order book, 5 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell BingX live order book, 5 min ago	0.14 bp	5.1 bp −$5	6.0 bp −$60	12.2 bp −$1,224	22.2 bp −$11.1K

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
Aftermath Perps XAUTUSD	−0.0202%	1h	4,315.7	+0.039%	$55K	$11K	20x	as long as short
Bitget XAUTUSDT	−0.0002%	4h	4,313.9	−0.002%	$25.4M	$17.9M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,315.6	+0.037%	$131.4M	$8.8M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.830%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,312.3	−0.040%	$10.1M	$2.1M	25x	as long as short
Variational Omni XAUT	+0.0060%	4h	4,311.3	−0.064%	$32.8M	$3.4M	—	as long as short
MEXC XAUT_USDT	+0.0090%	4h	4,314	0.000%	$379.3M	$282.6M	1000x	as long as short
Bybit XAUTUSDT	+0.0090%	4h	4,314.3	+0.007%	$119.1M	$31.4M	75x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,312.5	−0.036%	$4.2M	$913K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,313.7	−0.008%	$35.5M	$47.9M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTM	+0.0100%	4h	4,316.1	+0.047%	$11.8M	$3.2M	75x	as long as short
BingX XAUT-USDTshort	+0.0100%	4h	4,314.7	+0.016%	—	$19.6M	—
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,313.2	−0.019%	$565	$111K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,312.2	−0.042%	$265	$17K	10x	as long as short
Derive XAUT-PERPlong	+0.0100%	1h	4,314	long leg	$1.8M	$343K	10x
SunX XAUT-USDT	+0.0100%	4h	4,317.4	+0.079%	$3K	$3.1M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,310.7	−0.076%	$1.8M	$210K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,313	−0.022%	$267K	$196K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0229%	1h	4,315.6	+0.036%	$5.9M	$5.3M	50x	as long as short
BloFin XAUT-USDT	+0.0330%	4h	4,312.4	−0.037%	$2.3M	$1.5M	75x	as long as short