Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0327%/8h= −35.8% APRpaid last 24h −0.062%

Price spread now: Aftermath Perps against Bybit+0.024%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Aftermath Perps is 0.024% dearer against Bybit than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAUTUSDT	4,345.5	−0.0011	get 0.0005% / 4h	1h 08m	$120.2M	$28.0M	75x
Short	Aftermath Perps XAUTUSD	4,346.6	−0.0338	pay 0.0042% / 1h	8m 07s	$56K	$29K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bybit. 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 BybitbpFee Aftermath PerpsbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$68.74
Price spread: +0.024% → 0.000%: $2.39
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$86.35
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 min ago; Aftermath Perps: 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 Bybit live order book, 1 min ago	0.12 bp	5.7 bp −$6	6.6 bp −$66	12.9 bp −$1,294	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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 XAUTUSDshort	−0.0338%	1h	4,346.6	+0.024%	$56K	$29K	20x
Bitget XAUTUSDT	−0.0036%	4h	4,345.2	−0.007%	$25.8M	$15.2M	75x	as long as short
MEXC XAUT_USDT	−0.0012%	4h	4,346.2	+0.015%	$351.9M	$283.1M	1000x	as long as short
Bybit XAUTUSDTlong	−0.0011%	4h	4,345.5	long leg	$120.2M	$28.0M	75x
Gate XAUT_USDT	0.0000%	8h	4,348.1	+0.059%	$130.3M	$8.3M	100x	as long as short
Variational Omni XAUT	+0.0007%	4h	4,343.2	−0.054%	$33.0M	$3.5M	—	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.098%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,346.2	+0.015%	$10.1M	$2.0M	25x	as long as short
Binance XAUTUSDT	+0.0063%	4h	4,345.5	−0.002%	$35.2M	$45.7M	75x	as long as short
Extended XAUT-USD	+0.0064%	1h	4,345.4	−0.003%	$272K	$213K	25x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XAUT-USDT	+0.0066%	4h	4,346.1	+0.012%	—	$17.8M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,346.5	+0.023%	$4.2M	$1.0M	10x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,348.5	+0.069%	$11.5M	$2.9M	75x	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,346.1	+0.012%	$604	$109K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,346.3	+0.018%	$267	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,347.6	+0.049%	$1.8M	$286K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,352.8	+0.166%	$2K	$3.4M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,345.8	+0.005%	$1.8M	$233K	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0187%	1h	4,348.4	+0.067%	$5.7M	$4.6M	50x	as long as short
BloFin XAUT-USDT	+0.0226%	4h	4,346.2	+0.015%	$2.3M	$1.6M	75x	as long as short