Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.028%

Price spread now: Gate against Orderly+0.037%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 Gate

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

The price spread pays, funding is against you. Gate is 0.037% dearer against Orderly than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XAUT_USDC_mythos	4,348.8	0.0100	pay 0.0050% / 4h	1h 15m	$267	$17K	10x
Short	Gate XAUT_USDT	4,350.4	0	get 0.0000% / 8h	5h 15m	$130.4M	$8.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.037%Rate

Funding earned: −$21
Price spread: +0.037% → 0.000%: $3.68
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$38.32
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago	0.12 bp	9.1 bp −$9	11.9 bp −$119	19.7 bp −$1,969	50.9 bp −$25.5K

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	−0.0315%	1h	4,351.6	+0.064%	$56K	$29K	20x	as long as short
Bitget XAUTUSDT	−0.0034%	4h	4,348.2	−0.015%	$25.9M	$15.2M	75x	as long as short
MEXC XAUT_USDT	−0.0014%	4h	4,348.9	+0.002%	$350.9M	$282.9M	1000x	as long as short
Bybit XAUTUSDT	−0.0014%	4h	4,348.6	−0.006%	$120.2M	$27.9M	75x	as long as short
Gate XAUT_USDTshort	0.0000%	8h	4,350.4	+0.037%	$130.4M	$8.2M	100x
Variational Omni XAUT	+0.0011%	4h	4,348.2	−0.014%	$33.1M	$3.5M	—	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.023%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,348	−0.018%	$10.1M	$2.0M	25x	as long as short
Extended XAUT-USD	+0.0064%	1h	4,347.4	−0.032%	$272K	$213K	25x	as long as short
Binance XAUTUSDT	+0.0066%	4h	4,348.9	+0.001%	$35.1M	$45.6M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XAUT-USDT	+0.0070%	4h	4,349.1	+0.006%	—	$17.8M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,349	+0.005%	$4.2M	$1.0M	10x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,351.1	+0.052%	$11.5M	$2.9M	75x	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,349.5	+0.016%	$605	$109K	10x	as long as short
Orderly PERP_XAUT_USDC_mythoslong	+0.0100%	4h	4,348.8	long leg	$267	$17K	10x
Derive XAUT-PERP	+0.0100%	1h	4,349.5	+0.015%	$1.9M	$284K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,355.9	+0.163%	$2K	$3.4M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,348.5	−0.008%	$1.9M	$234K	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0187%	1h	4,350.5	+0.038%	$5.7M	$4.5M	50x	as long as short
BloFin XAUT-USDT	+0.0223%	4h	4,349.7	+0.021%	$2.3M	$1.6M	75x	as long as short