Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: SunX against MEXC+0.087%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$690.686% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 4 days (all we have)+0.139%+$14 · spread now +0.087%, 7d avg +0.109%

Together, before fees+0.253%+$25 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: SunX is 0.022% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAUT_USDT	4,308	0.0100	pay 0.0050% / 4h	3h 45m	$381.7M	$283.3M	1000x
Short	SunX XAUT-USDT	4,311.7	0.0100	get 0.0050% / 4h	3h 45m	$2K	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against MEXC. 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 MEXCbpFee SunXbpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → +0.109%: −$2.22
Slippage, 4 orders: −$56.61
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$70.83
Costs to cover: 0.686%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; SunX: live order book, 3 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, 4 min ago	0.35 bp	2.3 bp −$2	2.3 bp −$23	3.9 bp −$387	23.7 bp −$11.8K
Sell SunX live order book, 3 min ago	21.51 bp	38.4 bp −$38	68.0 bp −$680	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	4,310.4	+0.055%	$55K	$11K	20x	as long as short
Bitget XAUTUSDT	−0.0078%	4h	4,306.7	−0.031%	$27.4M	$20.7M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,309.6	+0.037%	$130.2M	$9.3M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.970%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,305.5	−0.058%	$10.1M	$2.1M	25x	as long as short
Variational Omni XAUT	+0.0085%	4h	4,311.7	+0.087%	$32.8M	$3.4M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,310.4	+0.055%	$4.1M	$965K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,307.6	−0.009%	$35.8M	$47.7M	75x	as long as short
Bybit XAUTUSDT	+0.0100%	4h	4,307.4	−0.014%	$118.6M	$31.8M	75x	as long as short
MEXC XAUT_USDTlong	+0.0100%	4h	4,308	long leg	$381.7M	$283.3M	1000x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTM	+0.0100%	4h	4,311.1	+0.071%	$12.0M	$3.3M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,308	0.000%	—	$19.6M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,312.4	+0.102%	$302	$107K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,309	+0.023%	$265	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,313.1	+0.119%	$1.7M	$350K	10x	as long as short
SunX XAUT-USDTshort	+0.0100%	4h	4,311.7	+0.087%	$2K	$3.0M	20x
HTX XAUT-USDT	+0.0100%	4h	4,311.9	+0.091%	$1.8M	$206K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,306.7	−0.030%	$265K	$198K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0290%	1h	4,308.7	+0.017%	$5.8M	$5.4M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,307.4	−0.014%	$2.3M	$1.6M	75x	as long as short