Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0325%/8h= −35.6% APRpaid last 24h −0.062%

Price spread now: Aftermath Perps against Orderly+0.026%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Aftermath Perps is 0.026% dearer against Orderly than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XAUT_USDC_mythos	4,347.8	0.0100	pay 0.0050% / 4h	1h 43m	$267	$17K	10x
Short	Aftermath Perps XAUTUSD	4,348.9	−0.0225	pay 0.0028% / 1h	43m 08s	$56K	$33K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Orderly. 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 OrderlybpFee Aftermath PerpsbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$68.31
Price spread: +0.026% → 0.000%: $2.64
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$80.67
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Aftermath Perps: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Orderly and Aftermath Perps: 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
Bitget XAUTUSDT	−0.0226%	4h	4,347.9	+0.003%	$26.2M	$14.7M	75x	as long as short
Aftermath Perps XAUTUSDshort	−0.0225%	1h	4,348.9	+0.026%	$56K	$33K	20x
Kraken Futures PF_XAUTUSD	−0.0105%	1h	4,350.5	+0.063%	$5.3M	$3.5M	50x	as long as short
Injective XAUT/USDC PERP	−0.0039%	1h	4,339.7	−0.186%	$8K	$119K	30x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,350	+0.051%	$132.0M	$7.9M	100x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,349.6	+0.041%	$10.2M	$2.0M	25x	as long as short
Variational Omni XAUT	+0.0077%	4h	4,347.2	−0.013%	$33.2M	$3.3M	—	as long as short
Bybit XAUTUSDT	+0.0089%	4h	4,348.1	+0.007%	$120.5M	$26.9M	75x	as long as short
MEXC XAUT_USDT	+0.0090%	4h	4,348	+0.005%	$341.1M	$280.7M	1000x	as long as short
Extended XAUT-USD	+0.0096%	1h	4,348.2	+0.009%	$272K	$217K	25x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XAUTUSDT	+0.0097%	4h	4,349	+0.027%	$35.4M	$45.4M	75x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,348	+0.005%	$4.2M	$977K	10x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,350.3	+0.057%	$11.5M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,348.6	+0.019%	—	$17.7M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,348.7	+0.020%	$622	$114K	10x	as long as short
Orderly PERP_XAUT_USDC_mythoslong	+0.0100%	4h	4,347.8	long leg	$267	$17K	10x
Derive XAUT-PERP	+0.0100%	1h	4,349.6	+0.041%	$1.8M	$175K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,353.8	+0.138%	$2K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,346.3	−0.035%	$1.8M	$230K	75x	as long as short
BloFin XAUT-USDT	+0.0329%	4h	4,348.1	+0.007%	$2.4M	$1.7M	75x	as long as short