Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Gate against SunX−0.090%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$830.830% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 3 days (all we have)−0.005%−$1 · spread now −0.090%, 7d avg −0.066%

Together, before fees−0.215%−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.023% cheaper against SunX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.066%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAUT-USDT	4,355.7	0.0100	pay 0.0050% / 4h	1h 23m	$2K	$3.7M	20x
Short	Gate XAUT_USDT	4,351.8	0	get 0.0000% / 8h	1h 23m	$131.8M	$8.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.090%Rate

Funding earned: −$21
Price spread: −0.090% → −0.066%: −$2.32
Slippage, 4 orders: −$59.95
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$106.27
Costs to cover: 0.830%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; Gate: live order book, 1 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, 5 min ago	28.02 bp	32.0 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.12 bp	8.5 bp −$8	10.9 bp −$109	19.8 bp −$1,982	50.8 bp −$25.4K

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	−0.0204%	4h	4,350.4	−0.122%	$26.3M	$14.7M	75x	as long as short
Aftermath Perps XAUTUSD	−0.0196%	1h	4,351.3	−0.101%	$56K	$33K	20x	as long as short
Kraken Futures PF_XAUTUSD	−0.0105%	1h	4,353.1	−0.060%	$5.3M	$3.5M	50x	as long as short
Injective XAUT/USDC PERP	−0.0039%	1h	4,349.8	−0.135%	$8K	$149K	30x	as long as short
Gate XAUT_USDTshort	0.0000%	8h	4,351.8	−0.090%	$131.8M	$8.0M	100x
SoDEX XAUT-USD	+0.0050%	1h	4,351.8	−0.090%	$10.2M	$2.0M	25x	as long as short
Bybit XAUTUSDT	+0.0053%	4h	4,350.2	−0.126%	$120.6M	$26.9M	75x	as long as short
MEXC XAUT_USDT	+0.0054%	4h	4,350.1	−0.129%	$341.0M	$282.8M	1000x	as long as short
Variational Omni XAUT	+0.0059%	4h	4,349.6	−0.140%	$33.2M	$3.3M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,350.3	−0.125%	$4.2M	$980K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XAUTUSDT	+0.0100%	4h	4,351.2	−0.103%	$35.4M	$45.5M	75x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,352.6	−0.071%	$11.5M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,350.8	−0.114%	—	$17.8M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,351.3	−0.101%	$557	$112K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,353.2	−0.057%	$267	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,352.5	−0.073%	$1.8M	$179K	10x	as long as short
SunX XAUT-USDTlong	+0.0100%	4h	4,355.7	long leg	$2K	$3.7M	20x
HTX XAUT-USDT	+0.0100%	4h	4,349.4	−0.144%	$1.8M	$231K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,350.4	−0.121%	$272K	$217K	25x	as long as short
BloFin XAUT-USDT	+0.0222%	4h	4,350	−0.131%	$2.4M	$1.7M	75x	as long as short