Funding you earn now, next payment 00:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.22 per $10,000 · paid last 24h −0.013%
Price spread now: Bybit against SunX−0.142%46s7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$760.757% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 3 days (all we have)+0.040%+$4 · spread now −0.142%, 7d avg −0.101%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.041% cheaper against SunX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.101%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX XAUT-USDT | 4,364.5 | 0.0100 | pay 0.0050% / 4h | 29m 36s | $2K | $3.7M | 20x |
| Short | Bybit XAUTUSDT | 4,358.3 | 0.0055 | get 0.0028% / 4h | 29m 36s | $120.8M | $27.3M | 75x |
SunX XAUT-USDT
Bybit XAUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against SunX. 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
- −$9.38
- Price spread: −0.142% → −0.101%
- −$4.1
- Slippage, 4 orders
- −$56.66
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$89.15
- Costs to cover
- 0.757%
- Break-even
- never at this rate
Slippage from SunX: live order book, 8 min ago; Bybit: live order book, 4 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 SunX live order book, 8 min ago | 21.51 bp | 25.5 bp −$26 | 54.7 bp −$547 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.12 bp | 6.2 bp −$6 | 7.1 bp −$71 | 14.0 bp −$1,404 | 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 | −0.0160% | 1h | 4,359.8 | −0.108% | $56K | $32K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0120% | 4h | 4,358.4 | −0.139% | $26.2M | $14.9M | 75x | as long as short |
| Injective XAUT/USDC PERP | −0.0055% | 1h | 4,349.8 | −0.337% | $8K | $149K | 30x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,359.8 | −0.107% | $131.7M | $8.0M | 100x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,360.2 | −0.098% | $10.2M | $2.0M | 25x | as long as short |
| MEXC XAUT_USDT | +0.0054% | 4h | 4,358.2 | −0.144% | $341.6M | $278.2M | 1000x | as long as short |
| Bybit XAUTUSDTshort | +0.0055% | 4h | 4,358.3 | −0.142% | $120.8M | $27.3M | 75x | |
| Variational Omni XAUT | +0.0065% | 4h | 4,357.8 | −0.152% | $33.3M | $3.3M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,358.4 | −0.138% | $4.2M | $995K | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,359.5 | −0.115% | $35.5M | $46.2M | 75x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Injective XAUT/USDC PERP
Gate XAUT_USDT
SoDEX XAUT-USD
MEXC XAUT_USDT
Variational Omni XAUT
Nado XAUT-PERP
Binance XAUTUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,360.1 | −0.100% | $11.4M | $2.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,358.5 | −0.137% | — | $17.9M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,358 | −0.150% | $379 | $113K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,358.2 | −0.144% | $268 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,360 | −0.103% | $1.9M | $209K | 10x | as long as short |
| SunX XAUT-USDTlong | +0.0100% | 4h | 4,364.5 | long leg | $2K | $3.7M | 20x | |
| HTX XAUT-USDT | +0.0100% | 4h | 4,356.3 | −0.188% | $1.9M | $232K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,357.9 | −0.151% | $272K | $231K | 25x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0105% | 1h | 4,360.4 | −0.095% | $5.3M | $3.6M | 50x | as long as short |
| BloFin XAUT-USDT | +0.0225% | 4h | 4,357.5 | −0.160% | $2.3M | $1.7M | 75x | as long as short |
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
HTX XAUT-USDT
Extended XAUT-USD
Kraken Futures PF_XAUTUSD
BloFin XAUT-USDT