Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.005%

Price spread now: Injective against Gate+0.055%7-day average +0.074% · you sell dearer than you buy

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)+0.231%+$23 · spread now +0.055%, 7d avg +0.074%

Together, before fees+0.271%+$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAUT_USDT	4,347.4	0	get 0.0000% / 8h	5h 10m	$130.3M	$8.2M	100x
Short	Injective XAUT/USDC PERP	4,349.8	0.0033	get 0.0004% / 1h	10m 41s	$8K	$149K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee InjectivebpOrdersPrice spread, now +0.055%Rate

Funding earned: $7
Price spread: +0.055% → +0.074%: −$1.84
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$9.86
Costs to cover: 0.150%
Break-even: 16.9 days

Slippage unknown: Gate: live order book, 3 min ago; Injective: 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 Gate live order book, 3 min ago	0.12 bp	8.2 bp −$8	11.4 bp −$114	19.6 bp −$1,958	42.8 bp −$21.4K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0334%	1h	4,347.3	−0.002%	$56K	$29K	20x	as long as short
Bitget XAUTUSDT	−0.0036%	4h	4,345.3	−0.047%	$25.9M	$15.2M	75x	as long as short
Bybit XAUTUSDT	−0.0018%	4h	4,345.6	−0.041%	$120.2M	$27.9M	75x	as long as short
MEXC XAUT_USDT	−0.0016%	4h	4,345.5	−0.044%	$351.8M	$283.1M	1000x	as long as short
Gate XAUT_USDTlong	0.0000%	8h	4,347.4	long leg	$130.3M	$8.2M	100x
Variational Omni XAUT	+0.0007%	4h	4,343.2	−0.097%	$33.0M	$3.5M	—	as long as short
Injective XAUT/USDC PERPshort	+0.0033%	1h	4,349.8	+0.055%	$8K	$149K	30x
SoDEX XAUT-USD	+0.0050%	1h	4,345.5	−0.044%	$10.1M	$2.0M	25x	as long as short
Binance XAUTUSDT	+0.0062%	4h	4,346.1	−0.031%	$35.1M	$45.7M	75x	as long as short
Extended XAUT-USD	+0.0064%	1h	4,345	−0.055%	$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	4,345.7	−0.039%	—	$17.8M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,344.2	−0.074%	$4.2M	$1.0M	10x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,347.5	+0.002%	$11.5M	$2.9M	75x	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,347.2	−0.004%	$604	$109K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,344.1	−0.076%	$267	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,346	−0.033%	$1.8M	$284K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,351.9	+0.103%	$2K	$3.4M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,343.1	−0.098%	$1.8M	$234K	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0187%	1h	4,347.9	+0.012%	$5.7M	$4.6M	50x	as long as short
BloFin XAUT-USDT	+0.0222%	4h	4,344.6	−0.064%	$2.3M	$1.6M	75x	as long as short