Settings8H · net · $10k
Funding arb · Price arb /

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRnext payment $0.16 per $10,000 · paid last 24h −0.011%
Price spread now: Binance against KuCoin−0.028%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$250.255% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.060%−$6 on $10k
Price spread, last 7 days+0.004%$0 · spread now −0.028%, 7d avg −0.021%
Together, before fees−0.057%−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin XAUTUSDTM4,342.30.0100pay 0.0050% / 4h3h 17m$11.5M$2.9M75x
ShortBinance XAUTUSDT4,3410.0068get 0.0034% / 4h3h 17m$35.2M$45.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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

Funding earned
−$6.67
Price spread: −0.028% → −0.021%
−$0.72
Slippage, 4 orders
−$3.46
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$32.85
Costs to cover
0.255%
Break-even
never at this rate
Slippage from KuCoin: live order book, 1 min ago; Binance: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 1 min ago0.01 bp8.3 bp −$815.2 bp −$152doesn't fitdoesn't fit
Sell Binance live order book, 10 min ago0.01 bp5.8 bp −$68.4 bp −$8415.8 bp −$1,578doesn't fit

XAUT on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps XAUTUSD−0.0331%1h4,340.5−0.040%$56K$29K20xas long as short
Bitget XAUTUSDT−0.0040%4h4,340.7−0.035%$25.9M$15.5M75xas long as short
Gate XAUT_USDT0.0000%8h4,342.5+0.006%$130.5M$8.2M100xas long as short
Injective XAUT/USDC PERP+0.0033%1h4,349.8+0.174%$8K$149K30xas long as short
Variational Omni XAUT+0.0041%4h4,340.5−0.041%$33.1M$3.5Mas long as short
SoDEX XAUT-USD+0.0050%1h4,338.9−0.077%$10.1M$2.0M25xas long as short
Extended XAUT-USD+0.0064%1h4,339.8−0.056%$272K$215K25xas long as short
Binance XAUTUSDTshort+0.0068%4h4,341−0.028%$35.2M$45.3M75x
Nado XAUT-PERP+0.0100%1h4,340.9−0.030%$4.2M$909K10xas long as short
Bybit XAUTUSDT+0.0100%4h4,341.4−0.020%$120.4M$27.9M75xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC XAUT_USDT+0.0100%4h4,341.1−0.027%$392.4M$271.7M1000xas long as short
KuCoin XAUTUSDTMlong+0.0100%4h4,342.3long leg$11.5M$2.9M75x
BingX XAUT-USDT+0.0100%4h4,341.1−0.027%$17.7Mas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,341−0.029%$300$106K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,340.7−0.036%$267$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,340.8−0.034%$1.8M$304K10xas long as short
SunX XAUT-USDT+0.0100%4h4,346+0.086%$2K$3.3M20xas long as short
HTX XAUT-USDT+0.0100%4h4,335.9−0.147%$1.8M$236K75xas long as short
Kraken Futures PF_XAUTUSD+0.0138%1h4,341.8−0.011%$5.7M$4.4M50xas long as short
BloFin XAUT-USDT+0.0340%4h4,341.6−0.015%$2.3M$1.6M75xas long as short