Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h −0.067%

Price spread now: Injective against BloFin+0.694%114s7-day average +0.115% · you sell dearer than you buy

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.522%−$52 on $10k

Price spread, last 4 days (all we have)−0.483%−$48 · spread now +0.694%, 7d avg +0.115%

Together, before fees−1.005%−$101 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.579% dearer against BloFin than usual: you sell high and buy low (spread +0.694% now, against its 7-day average of +0.115%): +$58 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 47 days. At the pace of the last 7 days (−0.522% in total) that is about 7.8 days. The two prices were read 114 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 29m	$2.3M	$1.6M	75x
Short	Injective XAUT/USDC PERP	4,349.8	0.0033	get 0.0004% / 1h	29m 23s	$8K	$149K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now +0.694%Rate

Funding earned: −$8.62
Price spread: +0.694% → +0.115%: $57.92
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $37.28
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 4 min ago; Injective: 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 BloFin live order book, 4 min ago	0.12 bp	6.1 bp −$6	6.2 bp −$62	11.7 bp −$1,167	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0239%	1h	4,320	+0.005%	$55K	$11K	20x	as long as short
Bitget XAUTUSDT	−0.0032%	4h	4,318.6	−0.028%	$25.5M	$17.0M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,320.6	+0.019%	$130.3M	$8.7M	100x	as long as short
Bybit XAUTUSDT	+0.0015%	4h	4,318.8	−0.023%	$119.2M	$30.9M	75x	as long as short
MEXC XAUT_USDT	+0.0016%	4h	4,318.8	−0.023%	$361.8M	$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 PERPshort	+0.0033%	1h	4,349.8	+0.694%	$8K	$149K	30x
SoDEX XAUT-USD	+0.0050%	1h	4,318.3	−0.035%	$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	4,318.9	−0.021%	$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	4,318.9	−0.021%	$35.3M	$47.5M	75x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,320	+0.006%	$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	−0.003%	$907	$111K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,318.5	−0.030%	$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	4,324	+0.097%	$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	4,317.8	−0.047%	$267K	$214K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0230%	1h	4,321.4	+0.036%	$5.7M	$4.9M	50x	as long as short