Funding you earn now, next payment 06:00 UTC−0.0017%/8h= −1.8% APRpaid last 24h +0.005%
Price spread now: SoDEX against Bybit+0.002%46s7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$200.195% of the position
Funding, last 3 days (all we have)−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.096%+$10 · spread now +0.002%, 7d avg +0.049%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and SoDEX is 0.047% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.049%). Swap the legs. The two prices were read 46 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 | Bybit XAUTUSDT | 4,327.7 | 0.0067 | pay 0.0033% / 4h | 2h 26m | $119.2M | $29.0M | 75x |
| Short | SoDEX XAUT-USD | 4,327.8 | 0.0050 | get 0.0006% / 1h | 26m 34s | $10.1M | $2.0M | 25x |
Bybit XAUTUSDT
SoDEX XAUT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Bybit. 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
- −$3.49
- Price spread: +0.002% → +0.049%
- −$4.74
- Slippage, 4 orders
- −$0.52
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$27.76
- Costs to cover
- 0.195%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; SoDEX: live order book, 3 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 Bybit live order book, 2 min ago | 0.12 bp | 5.6 bp −$6 | 6.7 bp −$67 | 13.2 bp −$1,324 | doesn't fit |
| Sell SoDEX live order book, 3 min ago | 0.12 bp | 4.1 bp −$4 | 5.0 bp −$50 | 44.8 bp −$4,479 | 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 | −0.0318% | 1h | 4,330.8 | +0.071% | $56K | $29K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0036% | 4h | 4,328.9 | +0.028% | $25.7M | $16.5M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,329.3 | +0.037% | $130.0M | $8.3M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.510% | $8K | $149K | 30x | as long as short |
| Variational Omni XAUT | +0.0044% | 4h | 4,329.8 | +0.048% | $33.0M | $3.4M | — | as long as short |
| SoDEX XAUT-USDshort | +0.0050% | 1h | 4,327.8 | +0.002% | $10.1M | $2.0M | 25x | |
| Bybit XAUTUSDTlong | +0.0067% | 4h | 4,327.7 | long leg | $119.2M | $29.0M | 75x | |
| MEXC XAUT_USDT | +0.0068% | 4h | 4,327.2 | −0.012% | $373.8M | $278.1M | 1000x | as long as short |
| Extended XAUT-USD | +0.0096% | 1h | 4,326.3 | −0.032% | $268K | $214K | 25x | as long as short |
| BingX XAUT-USDT | +0.0096% | 4h | 4,327.3 | −0.009% | — | $17.9M | — | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Injective XAUT/USDC PERP
Variational Omni XAUT
MEXC XAUT_USDT
Extended XAUT-USD
BingX XAUT-USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance XAUTUSDT | +0.0097% | 4h | 4,328 | +0.007% | $35.3M | $46.3M | 75x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,327.4 | −0.007% | $4.2M | $905K | 10x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,328.9 | +0.028% | $11.7M | $3.0M | 75x | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,325.7 | −0.048% | $415 | $107K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,326.2 | −0.035% | $266 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,326.8 | −0.021% | $1.8M | $304K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,332.5 | +0.110% | $3K | $3.3M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,323.2 | −0.104% | $1.8M | $238K | 75x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0168% | 1h | 4,329.7 | +0.046% | $5.6M | $4.7M | 50x | as long as short |
| BloFin XAUT-USDT | +0.0279% | 4h | 4,326.1 | −0.037% | $2.3M | $1.6M | 75x | as long as short |
Binance XAUTUSDT
Nado XAUT-PERP
KuCoin XAUTUSDTM
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
Kraken Futures PF_XAUTUSD
BloFin XAUT-USDT