Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0432%/8h= +47.3% APRpaid last 24h +0.074%

Price spread now: Orderly against Aftermath Perps−0.058%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 Orderly

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. Orderly is 0.058% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 11 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XAUTUSD	4,347.4	−0.0332	get 0.0042% / 1h	9m 37s	$56K	$29K	20x
Short	Orderly PERP_XAUT_USDC_mythos	4,344.9	0.0100	get 0.0050% / 4h	1h 09m	$267	$17K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.058%Rate

Funding earned: $90.76
Price spread: −0.058% → 0.000%: −$5.8
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: $69.97
Costs to cover: 0.150%
Break-even: 1.6 days

Slippage unknown: Aftermath Perps: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

Aftermath Perps and Orderly: 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	−0.0332%	1h	4,347.4	long leg	$56K	$29K	20x
Bitget XAUTUSDT	−0.0036%	4h	4,346.5	−0.022%	$25.9M	$15.2M	75x	as long as short
Bybit XAUTUSDT	−0.0014%	4h	4,346.5	−0.020%	$120.2M	$27.9M	75x	as long as short
MEXC XAUT_USDT	−0.0012%	4h	4,346.1	−0.030%	$351.8M	$283.1M	1000x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,348.1	+0.016%	$130.3M	$8.3M	100x	as long as short
Variational Omni XAUT	+0.0007%	4h	4,343.2	−0.097%	$33.0M	$3.5M	—	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.055%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,345.8	−0.037%	$10.1M	$2.0M	25x	as long as short
Binance XAUTUSDT	+0.0062%	4h	4,346.7	−0.016%	$35.1M	$45.7M	75x	as long as short
Extended XAUT-USD	+0.0064%	1h	4,345.4	−0.047%	$272K	$213K	25x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XAUT-USDT	+0.0066%	4h	4,346.6	−0.018%	—	$17.8M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,345.7	−0.041%	$4.2M	$1.0M	10x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,348	+0.014%	$11.5M	$2.9M	75x	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,347.2	−0.004%	$604	$109K	10x	as long as short
Orderly PERP_XAUT_USDC_mythosshort	+0.0100%	4h	4,344.9	−0.058%	$267	$17K	10x
Derive XAUT-PERP	+0.0100%	1h	4,346.9	−0.012%	$1.8M	$284K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,352	+0.104%	$2K	$3.4M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,343.1	−0.099%	$1.8M	$234K	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0187%	1h	4,347.7	+0.007%	$5.7M	$4.6M	50x	as long as short
BloFin XAUT-USDT	+0.0222%	4h	4,344.6	−0.065%	$2.3M	$1.6M	75x	as long as short