Funding you earn now, next payment 00:00 UTC−0.0310%/8h= −33.9% APRnext payment −$1.55 per $10,000 · paid last 24h −0.003%
Price spread now: Bitget against MEXC−0.043%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$190.185% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 7 days+0.045%+$5 · spread now −0.043%, 7d avg +0.003%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bitget is 0.045% cheaper against MEXC than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.003%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.55 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC XAUT_USDT | 4,341.1 | 0.0100 | pay 0.0050% / 4h | 2h 33m | $350.3M | $275.8M | 1000x |
| Short | Bitget XAUTUSDT | 4,339.2 | −0.0210 | pay 0.0105% / 4h | 2h 33m | $26.4M | $15.1M | 75x |
MEXC XAUT_USDT
Bitget XAUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$65.1
- Price spread: −0.043% → +0.003%
- −$4.55
- Slippage, 4 orders
- −$2.53
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$88.18
- Costs to cover
- 0.185%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; Bitget: live order book, 5 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 MEXC live order book, 5 min ago | 0.46 bp | 2.5 bp −$2 | 3.2 bp −$32 | 25.6 bp −$2,560 | 65.1 bp −$32.6K |
| Sell Bitget live order book, 5 min ago | 0.01 bp | 7.6 bp −$8 | 11.8 bp −$118 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps XAUTUSD | −0.0212% | 1h | 4,341.8 | +0.015% | $56K | $33K | 20x | as long as short |
| Bitget XAUTUSDTshort | −0.0210% | 4h | 4,339.2 | −0.043% | $26.4M | $15.1M | 75x | |
| Kraken Futures PF_XAUTUSD | −0.0097% | 1h | 4,341.9 | +0.019% | $5.3M | $3.4M | 50x | as long as short |
| Injective XAUT/USDC PERP | −0.0056% | 1h | 4,343.8 | +0.062% | $8K | $76K | 30x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,342.3 | +0.028% | $131.9M | $8.9M | 100x | as long as short |
| Variational Omni XAUT | +0.0024% | 4h | 4,340.1 | −0.023% | $33.1M | $3.3M | — | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,343.2 | +0.048% | $10.1M | $2.1M | 25x | as long as short |
| Extended XAUT-USD | +0.0064% | 1h | 4,339.6 | −0.035% | $272K | $217K | 25x | as long as short |
| Binance XAUTUSDT | +0.0065% | 4h | 4,340.1 | −0.023% | $35.3M | $45.5M | 75x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,340.6 | −0.013% | $4.2M | $916K | 10x | as long as short |
Aftermath Perps XAUTUSD
Kraken Futures PF_XAUTUSD
Injective XAUT/USDC PERP
Gate XAUT_USDT
Variational Omni XAUT
SoDEX XAUT-USD
Extended XAUT-USD
Binance XAUTUSDT
Nado XAUT-PERPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit XAUTUSDT | +0.0100% | 4h | 4,340.3 | −0.018% | $120.5M | $27.3M | 75x | as long as short |
| MEXC XAUT_USDTlong | +0.0100% | 4h | 4,341.1 | long leg | $350.3M | $275.8M | 1000x | |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,342 | +0.021% | $11.5M | $3.1M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,340.2 | −0.021% | — | $17.7M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,340.7 | −0.008% | $538 | $116K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,340.7 | −0.009% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,341.6 | +0.012% | $1.8M | $175K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,347.2 | +0.140% | $2K | $3.8M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,339 | −0.048% | $1.8M | $230K | 75x | as long as short |
| BloFin XAUT-USDT | +0.0340% | 4h | 4,341.8 | +0.016% | $2.4M | $1.7M | 75x | as long as short |
Bybit XAUTUSDT
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
BloFin XAUT-USDT