Funding you earn now, next payment 04:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.16 per $10,000 · paid last 24h −0.007%
Price spread now: Bybit against Binance+0.004%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$220.224% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 7 days−0.009%−$1 · spread now +0.004%, 7d avg −0.001%
=The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XAUTUSDT | 4,348.3 | 0.0100 | pay 0.0050% / 4h | 2h 02m | $35.2M | $46.6M | 75x |
| Short | Bybit XAUTUSDT | 4,348.5 | 0.0067 | get 0.0034% / 4h | 2h 02m | $120.5M | $27.6M | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.91
- Price spread: +0.004% → −0.001%
- $0.48
- Slippage, 4 orders
- −$1.43
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$28.87
- Costs to cover
- 0.224%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 1 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, 9 min ago | 0.01 bp | 5.0 bp −$5 | 6.3 bp −$63 | 20.7 bp −$2,065 | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.12 bp | 5.8 bp −$6 | 7.2 bp −$72 | 13.1 bp −$1,313 | doesn't fit |
XAUT on 19 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 | 4,346.6 | −0.040% | $56K | $30K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0042% | 4h | 4,348.7 | +0.008% | $25.8M | $15.3M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,349.4 | +0.025% | $130.2M | $8.3M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.034% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,348.4 | +0.002% | $10.1M | $2.0M | 25x | as long as short |
| Bybit XAUTUSDTshort | +0.0067% | 4h | 4,348.5 | +0.004% | $120.5M | $27.6M | 75x | |
| MEXC XAUT_USDT | +0.0068% | 4h | 4,348 | −0.008% | $342.0M | $289.2M | 1000x | as long as short |
| Variational Omni XAUT | +0.0070% | 4h | 4,345.8 | −0.058% | $33.0M | $3.5M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,346.5 | −0.043% | $4.2M | $998K | 10x | as long as short |
| Binance XAUTUSDTlong | +0.0100% | 4h | 4,348.3 | long leg | $35.2M | $46.6M | 75x |
Show all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,349.5 | +0.027% | $11.3M | $2.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,348.4 | +0.001% | — | $17.7M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,345.5 | −0.064% | $317 | $110K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,346.8 | −0.035% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,348.5 | +0.004% | $1.9M | $269K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,351.2 | +0.066% | $3K | $3.5M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,346.8 | −0.036% | $1.8M | $244K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,347 | −0.031% | $272K | $213K | 25x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0301% | 1h | 4,350.4 | +0.048% | $5.7M | $4.4M | 50x | as long as short |
Binance XAUTUSDT
Bybit XAUTUSDT
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Injective XAUT/USDC PERP
SoDEX XAUT-USD
MEXC XAUT_USDT
Variational Omni XAUT
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
Extended XAUT-USD
Kraken Futures PF_XAUTUSD