Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: KuCoin against Derive+0.002%7-day average −0.002% · you sell dearer than you buy

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

Long on Derive Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.002%, 7d avg −0.002%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive XAUT-PERP	4,361	0.0100	pay 0.0013% / 1h	38m 06s	$1.9M	$245K	10x
Short	KuCoin XAUTUSDTM	4,361.1	0.0100	get 0.0050% / 4h	3h 38m	$11.4M	$2.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.002%Rate

Funding earned: $0
Price spread: +0.002% → −0.002%: $0.38
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$17.62
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	0.50 bp	7.2 bp −$7	12.7 bp −$127	doesn't fit	doesn't fit

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	−0.0189%	1h	4,362.6	+0.035%	$56K	$31K	20x	as long as short
Bitget XAUTUSDT	−0.0058%	4h	4,358.3	−0.064%	$26.0M	$15.3M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,360.3	−0.017%	$131.4M	$8.1M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	−0.258%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,360.5	−0.012%	$10.2M	$2.0M	25x	as long as short
Variational Omni XAUT	+0.0097%	4h	4,360.2	−0.020%	$33.3M	$3.4M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,359.6	−0.034%	$4.2M	$1.0M	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,359.2	−0.043%	$35.5M	$46.8M	75x	as long as short
Bybit XAUTUSDT	+0.0100%	4h	4,359	−0.047%	$121.0M	$27.8M	75x	as long as short
MEXC XAUT_USDT	+0.0100%	4h	4,359.4	−0.038%	$338.2M	$280.1M	1000x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTMshort	+0.0100%	4h	4,361.1	+0.002%	$11.4M	$2.9M	75x
BingX XAUT-USDT	+0.0100%	4h	4,359.1	−0.045%	—	$17.9M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,363.6	+0.058%	$1K	$115K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,359.5	−0.035%	$268	$17K	10x	as long as short
Derive XAUT-PERPlong	+0.0100%	1h	4,361	long leg	$1.9M	$245K	10x
SunX XAUT-USDT	+0.0100%	4h	4,364	+0.068%	$2K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,357	−0.093%	$1.9M	$231K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,358.1	−0.067%	$274K	$231K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0118%	1h	4,361.5	+0.012%	$5.3M	$4.0M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,360	−0.024%	$2.3M	$1.7M	75x	as long as short