Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%

Price spread now: Binance against Derive−0.041%166s7-day average −0.027% · you buy dearer than you sell

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

Long on Derive Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 4 days (all we have)−0.122%−$12 · spread now −0.041%, 7d avg −0.027%

Together, before fees−0.212%−$21 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive XAUT-PERP	4,306.1	0.0100	pay 0.0013% / 1h	33m 26s	$1.7M	$379K	10x
Short	Binance XAUTUSDT	4,304.3	0.0100	get 0.0050% / 4h	3h 33m	$35.9M	$48.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Derive. 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 DerivebpFee BinancebpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → −0.027%: −$1.41
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$17.41
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Binance: live order book, 9 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	0.01 bp	5.0 bp −$5	6.8 bp −$68	16.0 bp −$1,604	doesn't fit

Derive: 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	−0.0222%	1h	4,307.4	+0.031%	$55K	$11K	20x	as long as short
Bitget XAUTUSDT	−0.0092%	4h	4,303.5	−0.060%	$27.3M	$21.1M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,305.3	−0.018%	$130.0M	$9.4M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+1.016%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,305	−0.025%	$10.1M	$2.1M	25x	as long as short
Variational Omni XAUT	+0.0086%	4h	4,304.7	−0.031%	$32.7M	$3.4M	—	as long as short
MEXC XAUT_USDT	+0.0094%	4h	4,304.6	−0.034%	$386.2M	$285.8M	1000x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,304.2	−0.044%	$4.1M	$977K	10x	as long as short
Binance XAUTUSDTshort	+0.0100%	4h	4,304.3	−0.041%	$35.9M	$48.1M	75x
Bybit XAUTUSDT	+0.0100%	4h	4,304.4	−0.038%	$118.5M	$32.2M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTM	+0.0100%	4h	4,305.8	−0.007%	$12.0M	$3.3M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,305.4	−0.016%	—	$19.6M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,306	0.000%	$853	$107K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,308.7	+0.061%	$265	$17K	10x	as long as short
Derive XAUT-PERPlong	+0.0100%	1h	4,306.1	long leg	$1.7M	$379K	10x
SunX XAUT-USDT	+0.0100%	4h	4,311.1	+0.116%	$3K	$3.0M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,304.8	−0.028%	$1.8M	$202K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,303.1	−0.068%	$265K	$198K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0290%	1h	4,309.1	+0.070%	$5.8M	$5.4M	50x	as long as short
BloFin XAUT-USDT	+0.0339%	4h	4,305.8	−0.006%	$2.3M	$833K	75x	as long as short