Settings8H · net · $10k
Funding arb · Price arb /

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0081%/8h= −8.9% APRnext payment $0.41 per $10,000 · paid last 24h −0.011%
Price spread now: Bybit against BingX−0.004%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$220.220% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.077%−$8 on $10k
Price spread, last 7 days−0.004%$0 · spread now −0.004%, 7d avg −0.004%
Together, before fees−0.081%−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX XAUT-USDT4,320.30.0100pay 0.0050% / 4h1h 30m$19.0M
ShortBybit XAUTUSDT4,320.20.0019get 0.0009% / 4h1h 30m$119.2M$30.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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

Funding earned
−$17.09
Price spread: −0.004% → −0.004%
$0.06
Slippage, 4 orders
−$1.02
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$39.05
Costs to cover
0.220%
Break-even
never at this rate
Slippage from BingX: live order book, 3 min ago; Bybit: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 3 min ago0.17 bp5.5 bp −$65.9 bp −$5911.6 bp −$1,15756.7 bp −$28.4K
Sell Bybit live order book, 8 min ago0.12 bp5.7 bp −$66.5 bp −$6513.1 bp −$1,312doesn't fit

XAUT on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps XAUTUSD−0.0245%1h4,320.6+0.005%$55K$29K20xas long as short
Bitget XAUTUSDT−0.0032%4h4,320.2−0.003%$25.5M$17.0M75xas long as short
Gate XAUT_USDT0.0000%8h4,322.1+0.041%$130.4M$8.7M100xas long as short
Variational Omni XAUT+0.0008%4h4,317.8−0.059%$32.9M$3.4Mas long as short
MEXC XAUT_USDT+0.0018%4h4,320.3−0.001%$361.8M$279.8M1000xas long as short
Bybit XAUTUSDTshort+0.0019%4h4,320.2−0.004%$119.2M$30.8M75x
Injective XAUT/USDC PERP+0.0033%1h4,349.8+0.682%$8K$149K30xas long as short
SoDEX XAUT-USD+0.0050%1h4,319.6−0.017%$10.1M$2.1M25xas long as short
BloFin XAUT-USDT+0.0074%4h4,319.8−0.012%$2.3M$1.6M75xas long as short
Nado XAUT-PERP+0.0100%1h4,320.5+0.003%$4.2M$936K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance XAUTUSDT+0.0100%4h4,320.2−0.004%$35.4M$47.6M75xas long as short
KuCoin XAUTUSDTM+0.0100%4h4,321.5+0.026%$11.6M$3.1M75xas long as short
BingX XAUT-USDTlong+0.0100%4h4,320.3long leg$19.0M
GRVT XAUT_USDT_Perp+0.0100%4h4,319.7−0.015%$907$111K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,319.8−0.012%$265$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,320−0.009%$1.8M$367K10xas long as short
SunX XAUT-USDT+0.0100%4h4,323.9+0.083%$3K$3.2M20xas long as short
HTX XAUT-USDT+0.0100%4h4,319−0.030%$1.8M$251K75xas long as short
Extended XAUT-USD+0.0104%1h4,319.3−0.025%$267K$214K25xas long as short
Kraken Futures PF_XAUTUSD+0.0230%1h4,321.7+0.032%$5.7M$4.9M50xas long as short