Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%

Price spread now: BingX against Orderly+0.028%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 BingX

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.028% dearer against Orderly than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XAUT_USDC_mythos	4,321.4	0.0100	pay 0.0050% / 4h	43m 05s	$265	$17K	10x
Short	BingX XAUT-USDT	4,322.6	0.0100	get 0.0050% / 4h	43m 05s	—	$18.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → 0.000%: $2.85
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$13.15
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; BingX: live order book, 10 min ago. 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 BingX live order book, 10 min ago	0.13 bp	5.1 bp −$5	6.8 bp −$68	15.3 bp −$1,527	39.1 bp −$19.5K

Orderly: 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
Aftermath Perps XAUTUSD	−0.0228%	1h	4,321.5	+0.003%	$55K	$11K	20x	as long as short
Bitget XAUTUSDT	−0.0006%	4h	4,323.6	+0.052%	$25.5M	$16.8M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,324.6	+0.074%	$131.5M	$8.6M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.657%	$8K	$149K	30x	as long as short
Variational Omni XAUT	+0.0048%	4h	4,321.2	−0.004%	$32.9M	$3.4M	—	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,322.3	+0.021%	$10.1M	$2.1M	25x	as long as short
MEXC XAUT_USDT	+0.0078%	4h	4,322.2	+0.019%	$361.3M	$276.9M	1000x	as long as short
Bybit XAUTUSDT	+0.0085%	4h	4,322.8	+0.032%	$119.2M	$30.9M	75x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,321.9	+0.011%	$4.2M	$901K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,322.9	+0.035%	$35.5M	$47.0M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTM	+0.0100%	4h	4,323.7	+0.053%	$11.7M	$3.1M	75x	as long as short
BingX XAUT-USDTshort	+0.0100%	4h	4,322.6	+0.028%	—	$18.8M	—
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,320.6	−0.019%	$722	$111K	10x	as long as short
Orderly PERP_XAUT_USDC_mythoslong	+0.0100%	4h	4,321.4	long leg	$265	$17K	10x
Derive XAUT-PERP	+0.0100%	1h	4,323.6	+0.050%	$1.8M	$353K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,327.9	+0.151%	$3K	$3.1M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,319.6	−0.041%	$1.8M	$251K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,321.3	−0.002%	$267K	$214K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0228%	1h	4,324.7	+0.075%	$5.9M	$5.3M	50x	as long as short
BloFin XAUT-USDT	+0.0320%	4h	4,321.7	+0.007%	$2.3M	$1.5M	75x	as long as short