Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0222%/8h= +24.3% APRpaid last 24h +0.086%

Price spread now: BloFin against Gate−0.041%63s7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs+$25as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.314% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.564%+$56 on $10k

Price spread, last 3 days (all we have)+0.070%+$7 · spread now −0.041%, 7d avg −0.032%

Together, before fees+0.634%+$63 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAUT_USDT	4,351.8	0	get 0.0000% / 8h	1h 22m	$131.8M	$8.0M	100x
Short	BloFin XAUT-USDT	4,350	0.0222	get 0.0111% / 4h	1h 22m	$2.4M	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now −0.041%Rate

Funding earned: $46.64
Price spread: −0.041% → −0.032%: −$0.94
Slippage, 4 orders: −$4.4
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: $14.3
Costs to cover: 0.314%
Break-even: 4.9 days

Slippage from Gate: live order book, 2 min ago; BloFin: live order book, 6 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 Gate live order book, 2 min ago	0.12 bp	10.4 bp −$10	13.3 bp −$133	20.3 bp −$2,030	42.8 bp −$21.4K
Sell BloFin live order book, 6 min ago	0.12 bp	6.1 bp −$6	6.6 bp −$66	10.5 bp −$1,051	doesn't fit

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	−0.0202%	4h	4,351	−0.018%	$26.3M	$14.7M	75x	as long as short
Aftermath Perps XAUTUSD	−0.0197%	1h	4,351.3	−0.011%	$56K	$33K	20x	as long as short
Kraken Futures PF_XAUTUSD	−0.0105%	1h	4,353.2	+0.032%	$5.3M	$3.5M	50x	as long as short
Injective XAUT/USDC PERP	−0.0039%	1h	4,349.8	−0.046%	$8K	$149K	30x	as long as short
Gate XAUT_USDTlong	0.0000%	8h	4,351.8	long leg	$131.8M	$8.0M	100x
SoDEX XAUT-USD	+0.0050%	1h	4,351.9	+0.002%	$10.2M	$2.0M	25x	as long as short
Bybit XAUTUSDT	+0.0051%	4h	4,350.4	−0.033%	$120.6M	$26.9M	75x	as long as short
MEXC XAUT_USDT	+0.0052%	4h	4,350.1	−0.039%	$341.0M	$282.8M	1000x	as long as short
Variational Omni XAUT	+0.0059%	4h	4,349.6	−0.050%	$33.2M	$3.3M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,350.4	−0.032%	$4.2M	$979K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XAUTUSDT	+0.0100%	4h	4,351.5	−0.007%	$35.4M	$45.5M	75x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,352.6	+0.019%	$11.5M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,350.9	−0.020%	—	$17.8M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,351.3	−0.012%	$557	$112K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,350.9	−0.021%	$267	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,352.4	+0.015%	$1.8M	$179K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,355.8	+0.093%	$3K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,349.4	−0.055%	$1.8M	$230K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,350.4	−0.033%	$272K	$217K	25x	as long as short
BloFin XAUT-USDTshort	+0.0222%	4h	4,350	−0.041%	$2.4M	$1.7M	75x