Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: BingX against Derive−0.031%7-day average −0.025% · you buy dearer than you sell

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

Long on Derive Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 3 days (all we have)−0.009%−$1 · spread now −0.031%, 7d avg −0.025%

Together, before fees−0.042%−$4 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	4,363.5	0.0100	pay 0.0013% / 1h	20m 52s	$1.9M	$209K	10x
Short	BingX XAUT-USDT	4,362.2	0.0100	get 0.0050% / 4h	20m 52s	—	$17.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.025%: −$0.59
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$16.59
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; BingX: live order book, 3 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 BingX live order book, 3 min ago	0.10 bp	5.1 bp −$5	5.5 bp −$55	9.9 bp −$986	32.4 bp −$16.2K

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	−0.0158%	1h	4,360.9	−0.060%	$56K	$32K	20x	as long as short
Bitget XAUTUSDT	−0.0108%	4h	4,361.3	−0.051%	$26.2M	$15.0M	75x	as long as short
Injective XAUT/USDC PERP	−0.0055%	1h	4,349.8	−0.315%	$8K	$149K	30x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,363.3	−0.005%	$131.7M	$8.0M	100x	as long as short
Bybit XAUTUSDT	+0.0043%	4h	4,362	−0.036%	$120.9M	$27.4M	75x	as long as short
MEXC XAUT_USDT	+0.0044%	4h	4,361.5	−0.047%	$342.4M	$279.7M	1000x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,363.1	−0.010%	$10.2M	$2.0M	25x	as long as short
Variational Omni XAUT	+0.0058%	4h	4,360.9	−0.061%	$33.3M	$3.4M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,362.1	−0.033%	$4.2M	$995K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,362.4	−0.027%	$35.5M	$46.3M	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	4,364.1	+0.014%	$11.4M	$2.9M	75x	as long as short
BingX XAUT-USDTshort	+0.0100%	4h	4,362.2	−0.031%	—	$17.9M	—
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,359.8	−0.085%	$719	$114K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,361.8	−0.040%	$268	$17K	10x	as long as short
Derive XAUT-PERPlong	+0.0100%	1h	4,363.5	long leg	$1.9M	$209K	10x
SunX XAUT-USDT	+0.0100%	4h	4,369.5	+0.136%	$3K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,359.8	−0.087%	$1.9M	$232K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,361.5	−0.047%	$272K	$231K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0105%	1h	4,364	+0.010%	$5.3M	$3.6M	50x	as long as short
BloFin XAUT-USDT	+0.0184%	4h	4,361.6	−0.044%	$2.3M	$1.7M	75x	as long as short