Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: BingX against Binance+0.028%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$210.211% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$6 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.028%, 7d avg +0.004%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.024% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAUTUSDT	4,350.2	0.0100	pay 0.0050% / 4h	2h 43m	$35.3M	$46.8M	75x
Short	BingX XAUT-USDT	4,351.4	0.0100	get 0.0050% / 4h	2h 43m	—	$17.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → +0.004%: $2.41
Slippage, 4 orders: −$1.1
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$18.69
Costs to cover: 0.211%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; BingX: live order book, 10 min ago.

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 Binance live order book, 14 min ago	0.01 bp	5.8 bp −$6	7.3 bp −$73	19.9 bp −$1,990	doesn't fit
Sell BingX live order book, 10 min ago	0.14 bp	5.1 bp −$5	5.8 bp −$58	10.1 bp −$1,013	29.3 bp −$14.7K

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	−0.0264%	1h	4,354.7	+0.104%	$56K	$30K	20x	as long as short
Bitget XAUTUSDT	−0.0042%	4h	4,349.9	−0.006%	$25.8M	$15.2M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,352.3	+0.049%	$130.5M	$8.2M	100x	as long as short
Bybit XAUTUSDT	+0.0013%	4h	4,350.4	+0.005%	$120.5M	$27.8M	75x	as long as short
MEXC XAUT_USDT	+0.0020%	4h	4,350.5	+0.007%	$326.5M	$280.6M	1000x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	−0.009%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,353.2	+0.069%	$10.2M	$2.0M	25x	as long as short
Variational Omni XAUT	+0.0070%	4h	4,353.5	+0.076%	$33.1M	$3.5M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,351.5	+0.029%	$4.2M	$990K	10x	as long as short
Binance XAUTUSDTlong	+0.0100%	4h	4,350.2	long leg	$35.3M	$46.8M	75x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTM	+0.0100%	4h	4,352.8	+0.059%	$11.4M	$2.9M	75x	as long as short
BingX XAUT-USDTshort	+0.0100%	4h	4,351.4	+0.028%	—	$17.8M	—
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,353.1	+0.066%	$844	$112K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,352.3	+0.049%	$267	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,353.2	+0.069%	$1.9M	$252K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,358.3	+0.187%	$3K	$3.6M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,351.7	+0.036%	$1.9M	$242K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,350.8	+0.014%	$272K	$231K	25x	as long as short
BloFin XAUT-USDT	+0.0141%	4h	4,358.5	+0.191%	$2.3M	$1.6M	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0301%	1h	4,352.6	+0.055%	$5.3M	$4.1M	50x	as long as short