Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0307%/8h= +33.6% APRpaid last 24h +0.067%

Price spread now: BloFin against Injective−0.244%114s7-day average −0.108% · you buy dearer than you sell

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

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.522%+$52 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.244%, 7d avg −0.108%

Together, before fees+0.566%+$57 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.135% cheaper against Injective than usual: you would sell low and buy high (spread −0.244% now, against its 7-day average of −0.108%). If the spread goes back, that is −$14 on $10k: about 35 hours of funding at the current rate (+$9 a day). The two prices were read 114 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	Injective XAUT/USDC PERP	4,349.8	0.0033	pay 0.0004% / 1h	45m 24s	$8K	$149K	30x
Short	BloFin XAUT-USDT	4,339.2	0.0340	get 0.0170% / 4h	3h 45m	$2.3M	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now −0.244%Rate

Funding earned: $64.4
Price spread: −0.244% → −0.108%: −$13.54
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: $38.84
Costs to cover: 0.120%
Break-even: 2.8 days

Slippage unknown: Injective: no order-book sample; BloFin: 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	0.46 bp	7.2 bp −$7	8.6 bp −$86	13.9 bp −$1,393	26.6 bp −$13.3K

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	−0.0354%	1h	4,338.4	−0.261%	$56K	$29K	20x	as long as short
Bitget XAUTUSDT	−0.0046%	4h	4,338.1	−0.269%	$25.8M	$15.4M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,338.7	−0.255%	$130.2M	$8.1M	100x	as long as short
Variational Omni XAUT	+0.0008%	4h	4,338.9	−0.251%	$33.0M	$3.5M	—	as long as short
Injective XAUT/USDC PERPlong	+0.0033%	1h	4,349.8	long leg	$8K	$149K	30x
SoDEX XAUT-USD	+0.0050%	1h	4,337.9	−0.274%	$10.1M	$2.0M	25x	as long as short
Binance XAUTUSDT	+0.0055%	4h	4,337.1	−0.293%	$35.1M	$45.2M	75x	as long as short
Extended XAUT-USD	+0.0056%	1h	4,335.8	−0.322%	$272K	$215K	25x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,337.3	−0.287%	$4.2M	$911K	10x	as long as short
Bybit XAUTUSDT	+0.0100%	4h	4,337.9	−0.273%	$120.0M	$27.9M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XAUT_USDT	+0.0100%	4h	4,337.9	−0.274%	$389.3M	$270.4M	1000x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,339.6	−0.235%	$11.5M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,338.4	−0.262%	—	$17.7M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,338.1	−0.270%	$807	$106K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,337.4	−0.285%	$266	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,339	−0.248%	$1.8M	$299K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,344.4	−0.124%	$3K	$3.3M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,335.7	−0.324%	$1.8M	$226K	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0138%	1h	4,340.4	−0.217%	$5.7M	$4.4M	50x	as long as short
BloFin XAUT-USDTshort	+0.0340%	4h	4,339.2	−0.244%	$2.3M	$1.6M	75x