Settings8H · net · $10k
Funding arb · Price arb /

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0083%/8h= +9.1% APRnext payment +$0.42 per $10,000 · paid last 24h +0.009%
Price spread now: BingX against Bybit+0.021%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$220.222% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.077%+$8 on $10k
Price spread, last 7 days−0.006%−$1 · spread now +0.021%, 7d avg +0.005%
Together, before fees+0.071%+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XAUTUSDT4,343.7−0.0021get 0.0011% / 4h1h 06m$120.0M$28.0M75x
ShortBingX XAUT-USDT4,344.60.0062get 0.0031% / 4h1h 06m$17.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$17.48
Price spread: +0.021% → +0.005%
$1.59
Slippage, 4 orders
−$1.2
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$3.13
Costs to cover
0.222%
Break-even
8.3 days
Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 3 min ago0.12 bp5.7 bp −$66.6 bp −$6612.9 bp −$1,294doesn't fit
Sell BingX live order book, 2 min ago0.13 bp5.8 bp −$66.7 bp −$6712.3 bp −$1,23245.2 bp −$22.6K

XAUT on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps XAUTUSD−0.0335%1h4,347+0.078%$56K$29K20xas long as short
Bitget XAUTUSDT−0.0038%4h4,343.5−0.005%$25.8M$15.2M75xas long as short
Bybit XAUTUSDTlong−0.0021%4h4,343.7long leg$120.0M$28.0M75x
MEXC XAUT_USDT−0.0016%4h4,343.7+0.001%$352.0M$283.3M1000xas long as short
Gate XAUT_USDT0.0000%8h4,346+0.054%$130.3M$8.3M100xas long as short
Variational Omni XAUT+0.0007%4h4,343.2−0.011%$33.0M$3.5Mas long as short
Injective XAUT/USDC PERP+0.0033%1h4,349.8+0.141%$8K$149K30xas long as short
SoDEX XAUT-USD+0.0050%1h4,343.8+0.003%$10.1M$2.0M25xas long as short
Binance XAUTUSDT+0.0061%4h4,343.2−0.010%$35.2M$45.7M75xas long as short
BingX XAUT-USDTshort+0.0062%4h4,344.6+0.021%$17.8M
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended XAUT-USD+0.0064%1h4,342.7−0.022%$272K$213K25xas long as short
Nado XAUT-PERP+0.0100%1h4,343.1−0.013%$4.2M$1.0M10xas long as short
KuCoin XAUTUSDTM+0.0100%4h4,346.4+0.063%$11.4M$2.9M75xas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,346.8+0.072%$604$109K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,344.5+0.019%$267$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,345.1+0.033%$1.8M$286K10xas long as short
SunX XAUT-USDT+0.0100%4h4,350+0.145%$3K$3.4M20xas long as short
HTX XAUT-USDT+0.0100%4h4,345.8+0.048%$1.8M$233K75xas long as short
Kraken Futures PF_XAUTUSD+0.0188%1h4,346.3+0.060%$5.7M$4.6M50xas long as short
BloFin XAUT-USDT+0.0229%4h4,343.6−0.002%$2.3M$1.6M75xas long as short