Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0254%/8h= +27.8% APRpaid last 24h +0.049%

Price spread now: Bybit against Aftermath Perps−0.021%53s7-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 Bybit

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. Bybit is 0.021% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$8 a day). The two prices were read 53 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	Aftermath Perps XAUTUSD	4,351.3	−0.0195	get 0.0024% / 1h	26m 33s	$56K	$33K	20x
Short	Bybit XAUTUSDT	4,350.4	0.0060	get 0.0030% / 4h	1h 26m	$120.6M	$26.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.021%Rate

Funding earned: $53.41
Price spread: −0.021% → 0.000%: −$2.13
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $31.28
Costs to cover: 0.200%
Break-even: 2.9 days

Slippage unknown: Aftermath Perps: no order-book sample; Bybit: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	0.12 bp	5.6 bp −$6	6.5 bp −$65	13.4 bp −$1,344	doesn't fit

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
Bitget XAUTUSDT	−0.0206%	4h	4,350.3	−0.023%	$26.3M	$14.7M	75x	as long as short
Aftermath Perps XAUTUSDlong	−0.0195%	1h	4,351.3	long leg	$56K	$33K	20x
Kraken Futures PF_XAUTUSD	−0.0105%	1h	4,353	+0.039%	$5.3M	$3.5M	50x	as long as short
Injective XAUT/USDC PERP	−0.0039%	1h	4,349.8	−0.035%	$8K	$149K	30x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,352	+0.016%	$131.8M	$8.0M	100x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,352	+0.016%	$10.2M	$2.0M	25x	as long as short
Variational Omni XAUT	+0.0059%	4h	4,348.6	−0.062%	$33.2M	$3.3M	—	as long as short
Bybit XAUTUSDTshort	+0.0060%	4h	4,350.4	−0.021%	$120.6M	$26.9M	75x
MEXC XAUT_USDT	+0.0062%	4h	4,350.4	−0.021%	$341.0M	$282.8M	1000x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,350.6	−0.017%	$4.2M	$978K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XAUTUSDT	+0.0100%	4h	4,351.1	−0.005%	$35.4M	$45.5M	75x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,352.9	+0.036%	$11.6M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,350.8	−0.013%	—	$17.8M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,351.3	−0.001%	$557	$112K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,351.2	−0.002%	$267	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,352.4	+0.026%	$1.8M	$175K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,356.1	+0.111%	$2K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,349.4	−0.043%	$1.8M	$230K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,350.5	−0.017%	$272K	$217K	25x	as long as short
BloFin XAUT-USDT	+0.0256%	4h	4,350	−0.030%	$2.3M	$1.7M	75x	as long as short