Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.017%

Price spread now: Derive against Bitget+0.054%7-day average +0.038% · you sell dearer than you buy

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

Long on Bitget Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 3 days (all we have)−0.009%−$1 · spread now +0.054%, 7d avg +0.038%

Together, before fees+0.094%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAUTUSDT	4,353.3	−0.0040	get 0.0020% / 4h	2h 19m	$25.9M	$15.3M	75x
Short	Derive XAUT-PERP	4,355.6	0.0100	get 0.0013% / 1h	19m 48s	$1.9M	$267K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Bitget. 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 BitgetbpFee DerivebpOrdersPrice spread, now +0.054%Rate

Funding earned: $29.4
Price spread: +0.054% → +0.038%: $1.56
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Derive: 3 bp × 2 orders: −$6
Net: $12.96
Costs to cover: 0.180%
Break-even: 3.9 days

Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago	0.24 bp	7.0 bp −$7	9.8 bp −$98	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 19 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	−0.0285%	1h	4,353.4	+0.003%	$56K	$30K	20x	as long as short
Bitget XAUTUSDTlong	−0.0040%	4h	4,353.3	long leg	$25.9M	$15.3M	75x
Gate XAUT_USDT	0.0000%	8h	4,355.8	+0.058%	$130.6M	$8.3M	100x	as long as short
MEXC XAUT_USDT	+0.0022%	4h	4,353.8	+0.012%	$334.5M	$286.1M	1000x	as long as short
Bybit XAUTUSDT	+0.0023%	4h	4,353.8	+0.012%	$120.6M	$27.6M	75x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	−0.079%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,355.3	+0.047%	$10.2M	$2.0M	25x	as long as short
Variational Omni XAUT	+0.0059%	4h	4,353.5	+0.007%	$33.1M	$3.5M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,354.4	+0.027%	$4.2M	$995K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,353.9	+0.014%	$35.3M	$46.8M	75x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTM	+0.0100%	4h	4,356	+0.063%	$11.4M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,354	+0.018%	—	$17.8M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,354.1	+0.020%	$1K	$110K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,354.4	+0.026%	$267	$17K	10x	as long as short
Derive XAUT-PERPshort	+0.0100%	1h	4,355.6	+0.054%	$1.9M	$267K	10x
SunX XAUT-USDT	+0.0100%	4h	4,360.1	+0.157%	$3K	$3.6M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,354.1	+0.020%	$1.9M	$243K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,352.8	−0.012%	$272K	$213K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0300%	1h	4,355.9	+0.060%	$5.3M	$4.1M	50x	as long as short