Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Gate against SunX−0.098%7-day average −0.067% · you buy dearer than you sell

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

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 3 days (all we have)+0.022%+$2 · spread now −0.098%, 7d avg −0.067%

Together, before fees−0.188%−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.031% cheaper against SunX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.067%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAUT-USDT	4,361.5	0.0100	pay 0.0050% / 4h	2h 47m	$3K	$3.6M	20x
Short	Gate XAUT_USDT	4,357.2	0	get 0.0000% / 8h	6h 47m	$130.6M	$8.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now −0.098%Rate

Funding earned: −$21
Price spread: −0.098% → −0.067%: −$3.07
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$47.07
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 11 min ago; Gate: live order book, 2 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 SunX live order book, 11 min ago	500.01 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.12 bp	9.5 bp −$9	12.7 bp −$127	21.7 bp −$2,174	54.4 bp −$27.2K

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	−0.0268%	1h	4,358	−0.080%	$56K	$30K	20x	as long as short
Bitget XAUTUSDT	−0.0044%	4h	4,355.2	−0.144%	$25.8M	$15.3M	75x	as long as short
Gate XAUT_USDTshort	0.0000%	8h	4,357.2	−0.098%	$130.6M	$8.1M	100x
Bybit XAUTUSDT	+0.0021%	4h	4,354.5	−0.159%	$120.7M	$27.9M	75x	as long as short
MEXC XAUT_USDT	+0.0030%	4h	4,354.8	−0.153%	$327.7M	$280.0M	1000x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	−0.268%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,357.1	−0.100%	$10.2M	$2.0M	25x	as long as short
Variational Omni XAUT	+0.0079%	4h	4,359.6	−0.044%	$33.1M	$3.5M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,353.4	−0.185%	$4.2M	$989K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,355.8	−0.129%	$35.4M	$46.8M	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	4,357.1	−0.101%	$11.4M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,355.7	−0.132%	—	$17.9M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,358.4	−0.071%	$846	$112K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,354.8	−0.153%	$268	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,356.8	−0.108%	$1.9M	$252K	10x	as long as short
SunX XAUT-USDTlong	+0.0100%	4h	4,361.5	long leg	$3K	$3.6M	20x
HTX XAUT-USDT	+0.0100%	4h	4,352.2	−0.212%	$1.8M	$232K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,354.3	−0.164%	$272K	$231K	25x	as long as short
BloFin XAUT-USDT	+0.0141%	4h	4,358.5	−0.068%	$2.3M	$1.6M	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0300%	1h	4,357.1	−0.101%	$5.3M	$4.0M	50x	as long as short