Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Derive against SunX−0.085%7-day average −0.070% · you buy dearer than you sell

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

Long on SunX Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 3 days (all we have)+0.017%+$2 · spread now −0.085%, 7d avg −0.070%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAUT-USDT	4,369.8	0.0100	pay 0.0050% / 4h	7m 24s	$3K	$3.7M	20x
Short	Derive XAUT-PERP	4,366.1	0.0100	get 0.0013% / 1h	7m 24s	$1.9M	$213K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against SunX. 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 SunXbpFee DerivebpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → −0.070%: −$1.44
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Derive: 3 bp × 2 orders: −$6
Net: −$15.44
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; Derive: 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 SunX live order book, 10 min ago	21.50 bp	25.5 bp −$26	54.6 bp −$546	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	−0.0135%	1h	4,365.8	−0.092%	$56K	$31K	20x	as long as short
Bitget XAUTUSDT	−0.0084%	4h	4,363	−0.156%	$26.1M	$15.1M	75x	as long as short
Injective XAUT/USDC PERP	−0.0055%	1h	4,349.8	−0.457%	$8K	$149K	30x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,364.9	−0.112%	$131.7M	$8.1M	100x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,365.7	−0.094%	$10.2M	$2.0M	25x	as long as short
Bybit XAUTUSDT	+0.0059%	4h	4,363.5	−0.144%	$121.0M	$27.5M	75x	as long as short
MEXC XAUT_USDT	+0.0060%	4h	4,362.8	−0.160%	$342.5M	$283.2M	1000x	as long as short
Variational Omni XAUT	+0.0075%	4h	4,365.8	−0.091%	$33.3M	$3.4M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,362.3	−0.172%	$4.2M	$1.0M	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,364.3	−0.125%	$35.6M	$46.6M	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	4,365.5	−0.098%	$11.4M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,363.3	−0.149%	—	$17.9M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,364.7	−0.115%	$454	$115K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,363.8	−0.137%	$268	$17K	10x	as long as short
Derive XAUT-PERPshort	+0.0100%	1h	4,366.1	−0.085%	$1.9M	$213K	10x
SunX XAUT-USDTlong	+0.0100%	4h	4,369.8	long leg	$3K	$3.7M	20x
HTX XAUT-USDT	+0.0100%	4h	4,365.8	−0.092%	$1.9M	$231K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,362	−0.179%	$272K	$231K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0105%	1h	4,365.9	−0.090%	$5.3M	$3.6M	50x	as long as short
BloFin XAUT-USDT	+0.0241%	4h	4,364.3	−0.126%	$2.3M	$1.7M	75x	as long as short