Funding you earn now, next payment 08:00 UTC−0.0058%/8h= −6.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.062%
Price spread now: Bybit against BloFin−0.007%62s7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as 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−$240.235% of the position
Funding, last 7 days−0.469%−$47 on $10k
+Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.007%, 7d avg +0.001%
=The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 62 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 | BloFin XAUT-USDT | 4,319.8 | 0.0074 | pay 0.0037% / 4h | 1h 30m | $2.3M | $1.6M | 75x |
| Short | Bybit XAUTUSDT | 4,319.5 | 0.0016 | get 0.0008% / 4h | 1h 30m | $119.2M | $30.9M | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$12.2
- Price spread: −0.007% → +0.001%
- −$0.81
- Slippage, 4 orders
- −$0.52
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$36.53
- Costs to cover
- 0.235%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Bybit: live order book, 9 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 BloFin live order book, 3 min ago | 0.12 bp | 6.1 bp −$6 | 6.2 bp −$62 | 11.7 bp −$1,167 | doesn't fit |
| Sell Bybit live order book, 9 min ago | 0.12 bp | 5.7 bp −$6 | 6.5 bp −$65 | 13.1 bp −$1,312 | 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 | −0.0243% | 1h | 4,320.3 | +0.011% | $55K | $11K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0032% | 4h | 4,318.9 | −0.020% | $25.5M | $17.0M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,320.8 | +0.023% | $130.3M | $8.7M | 100x | as long as short |
| Bybit XAUTUSDTshort | +0.0016% | 4h | 4,319.5 | −0.007% | $119.2M | $30.9M | 75x | |
| MEXC XAUT_USDT | +0.0018% | 4h | 4,319.2 | −0.014% | $362.0M | $280.0M | 1000x | as long as short |
| Variational Omni XAUT | +0.0022% | 4h | 4,319.3 | −0.012% | $32.9M | $3.3M | — | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.694% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,318.7 | −0.025% | $10.1M | $2.1M | 25x | as long as short |
| BloFin XAUT-USDTlong | +0.0074% | 4h | 4,319.8 | long leg | $2.3M | $1.6M | 75x | |
| Nado XAUT-PERP | +0.0100% | 1h | 4,319.3 | −0.011% | $4.2M | $936K | 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 | 4,319.4 | −0.008% | $35.3M | $47.6M | 75x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,320.6 | +0.018% | $11.6M | $3.1M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,319.4 | −0.009% | — | $19.0M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,319.7 | −0.002% | $907 | $111K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,318.6 | −0.028% | $265 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,320 | +0.004% | $1.8M | $367K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,322.7 | +0.067% | $3K | $3.2M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,319 | −0.018% | $1.8M | $251K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,318.3 | −0.034% | $267K | $214K | 25x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0230% | 1h | 4,320.9 | +0.025% | $5.7M | $4.9M | 50x | as long as short |
BloFin XAUT-USDT
Bybit XAUTUSDT
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
MEXC XAUT_USDT
Variational Omni XAUT
Injective XAUT/USDC PERP
SoDEX XAUT-USD
Binance XAUTUSDT
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
Extended XAUT-USD
Kraken Futures PF_XAUTUSD