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

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0110%/8h= −12.1% APRpaid last 24h +0.005%
Price spread now: Bitget against Injective−0.088%71s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.088% cheaper against Injective than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.069%, so the current rate has only just turned against you. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective XAUT/USDC PERP4,343.8−0.0056get 0.0007% / 1h54m 08s$8K$76K30x
ShortBitget XAUTUSDT4,340−0.0166pay 0.0083% / 4h2h 54m$26.3M$14.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Injective. 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
−$23.18
Price spread: −0.088% → 0.000%
−$8.79
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$44
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Injective: no order-book sample; Bitget: 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
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Bitget live order book, 5 min ago0.01 bp6.8 bp −$79.2 bp −$92doesn't fitdoesn't fit
Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps XAUTUSD−0.0243%1h4,341.9−0.043%$56K$33K20xas long as short
Bitget XAUTUSDTshort−0.0166%4h4,340−0.088%$26.3M$14.9M75x
Kraken Futures PF_XAUTUSD−0.0097%1h4,344.1+0.006%$5.3M$3.4M50xas long as short
Injective XAUT/USDC PERPlong−0.0056%1h4,343.8long leg$8K$76K30x
Variational Omni XAUT−0.0011%4h4,341.9−0.043%$33.1M$3.3Mas long as short
Gate XAUT_USDT0.0000%8h4,343.9+0.002%$131.9M$8.9M100xas long as short
SoDEX XAUT-USD+0.0050%1h4,343.80.000%$10.1M$2.1M25xas long as short
Extended XAUT-USD+0.0080%1h4,341.7−0.049%$272K$217K25xas long as short
Binance XAUTUSDT+0.0081%4h4,342.1−0.038%$35.3M$45.4M75xas long as short
Nado XAUT-PERP+0.0090%1h4,343−0.019%$4.2M$916K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XAUTUSDT+0.0100%4h4,342.7−0.025%$120.6M$27.3M75xas long as short
MEXC XAUT_USDT+0.0100%4h4,343.2−0.014%$351.4M$275.5M1000xas long as short
KuCoin XAUTUSDTM+0.0100%4h4,343.7−0.002%$11.5M$3.3M75xas long as short
BingX XAUT-USDT+0.0100%4h4,341.9−0.043%$17.7Mas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,342.4−0.032%$712$117K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,342.7−0.025%$267$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,343.4−0.010%$1.8M$175K10xas long as short
SunX XAUT-USDT+0.0100%4h4,348.5+0.108%$2K$3.8M20xas long as short
HTX XAUT-USDT+0.0100%4h4,340.1−0.085%$1.8M$231K75xas long as short
BloFin XAUT-USDT+0.0340%4h4,342−0.041%$1.7M$1.7M75xas long as short