Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0412%/8h= +45.1% APRpaid last 24h +0.083%

Price spread now: BingX against Aftermath Perps−0.128%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.128% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.128% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 25 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XAUTUSD	4,339.6	−0.0320	get 0.0040% / 1h	35m 18s	$56K	$29K	20x
Short	BingX XAUT-USDT	4,334.1	0.0092	get 0.0046% / 4h	2h 35m	—	$17.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Aftermath Perps. 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 Aftermath PerpsbpFee BingXbpOrdersPrice spread, now −0.128%Rate

Funding earned: $86.47
Price spread: −0.128% → 0.000%: −$12.78
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: $54.69
Costs to cover: 0.190%
Break-even: 2.6 days

Slippage unknown: Aftermath Perps: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell BingX live order book, 3 min ago	0.14 bp	5.5 bp −$6	7.5 bp −$75	12.7 bp −$1,271	35.1 bp −$17.6K

Aftermath Perps: 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 XAUTUSDlong	−0.0320%	1h	4,339.6	long leg	$56K	$29K	20x
Bitget XAUTUSDT	−0.0036%	4h	4,333	−0.153%	$25.9M	$16.2M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,335	−0.107%	$130.2M	$8.2M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.234%	$8K	$149K	30x	as long as short
Variational Omni XAUT	+0.0045%	4h	4,332.2	−0.172%	$33.1M	$3.4M	—	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,332.4	−0.167%	$10.1M	$2.0M	25x	as long as short
MEXC XAUT_USDT	+0.0082%	4h	4,334.2	−0.125%	$388.6M	$270.6M	1000x	as long as short
Bybit XAUTUSDT	+0.0083%	4h	4,333.4	−0.143%	$120.3M	$27.9M	75x	as long as short
Extended XAUT-USD	+0.0088%	1h	4,332.8	−0.157%	$268K	$214K	25x	as long as short
Binance XAUTUSDT	+0.0091%	4h	4,333.9	−0.133%	$35.3M	$45.4M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XAUT-USDTshort	+0.0092%	4h	4,334.1	−0.128%	—	$17.8M	—
Nado XAUT-PERP	+0.0100%	1h	4,333.7	−0.136%	$4.2M	$890K	10x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,334.7	−0.113%	$11.5M	$2.9M	75x	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,336.8	−0.066%	$1K	$105K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,333.4	−0.144%	$266	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,334.3	−0.123%	$1.8M	$304K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,339.3	−0.007%	$3K	$3.2M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,334.7	−0.114%	$1.8M	$236K	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0168%	1h	4,335.3	−0.101%	$5.6M	$4.6M	50x	as long as short
BloFin XAUT-USDT	+0.0323%	4h	4,334.2	−0.125%	$2.3M	$1.6M	75x	as long as short