Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.017%

Price spread now: Injective against BingX−0.238%7-day average +0.108% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 3 days (all we have)+0.477%+$48 · spread now −0.238%, 7d avg +0.108%

Together, before fees+0.346%+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.346% cheaper against BingX than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.108%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XAUT-USDT	4,360.2	0.0100	pay 0.0050% / 4h	3h 35m	—	$17.9M	—
Short	Injective XAUT/USDC PERP	4,349.8	0.0033	get 0.0004% / 1h	35m 04s	$8K	$149K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee InjectivebpOrdersPrice spread, now −0.238%Rate

Funding earned: −$14
Price spread: −0.238% → +0.108%: −$34.58
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$58.6
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 3 min ago; Injective: 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 BingX live order book, 3 min ago	0.14 bp	5.1 bp −$5	5.6 bp −$56	9.3 bp −$932	41.5 bp −$20.7K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 XAUTUSD	−0.0195%	1h	4,360.8	+0.013%	$56K	$31K	20x	as long as short
Bitget XAUTUSDT	−0.0056%	4h	4,359.1	−0.025%	$25.9M	$15.2M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,361.2	+0.023%	$131.4M	$8.1M	100x	as long as short
Injective XAUT/USDC PERPshort	+0.0033%	1h	4,349.8	−0.238%	$8K	$149K	30x
SoDEX XAUT-USD	+0.0050%	1h	4,361.3	+0.025%	$10.2M	$2.0M	25x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,359.6	−0.012%	$4.2M	$1.0M	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,359.5	−0.015%	$35.5M	$46.7M	75x	as long as short
Bybit XAUTUSDT	+0.0100%	4h	4,360.1	−0.003%	$121.0M	$27.8M	75x	as long as short
MEXC XAUT_USDT	+0.0100%	4h	4,359.7	−0.011%	$337.7M	$280.5M	1000x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,362.1	+0.043%	$11.4M	$2.9M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XAUT-USDTlong	+0.0100%	4h	4,360.2	long leg	—	$17.9M	—
Variational Omni XAUT	+0.0100%	4h	4,359.5	−0.016%	$33.3M	$3.4M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,358.8	−0.032%	$554	$115K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,360	−0.004%	$268	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,361.1	+0.020%	$1.9M	$245K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,364.1	+0.089%	$2K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,358.2	−0.045%	$1.9M	$231K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,358.5	−0.040%	$274K	$231K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0118%	1h	4,362.1	+0.043%	$5.3M	$4.0M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,360.9	+0.016%	$2.3M	$1.7M	75x	as long as short