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

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h −0.022%
Price spread now: Kraken Futures against BingX+0.038%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$240.244% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.033%−$3 on $10k
Price spread, last 3 days (all we have)+0.002%$0 · spread now +0.038%, 7d avg +0.020%
Together, before fees−0.030%−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX XAUT-USDT4,357.30.0100pay 0.0050% / 4h3h 04m$17.9M
ShortKraken Futures PF_XAUTUSD4,358.90.0118get 0.0015% / 1h4m 46s$5.3M$4.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$3.82
Price spread: +0.038% → +0.020%
$1.77
Slippage, 4 orders
−$4.36
Fee BingX: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$18.78
Costs to cover
0.244%
Break-even
41.4 days
Slippage from BingX: live order book, 3 min ago; Kraken Futures: live order book, 4 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 ago0.08 bp5.3 bp −$56.2 bp −$629.8 bp −$97639.8 bp −$19.9K
Sell Kraken Futures live order book, 4 min ago1.26 bp6.7 bp −$77.8 bp −$7816.4 bp −$1,644doesn'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−0.0264%1h4,356.4−0.021%$56K$30K20xas long as short
Bitget XAUTUSDT−0.0050%4h4,356.3−0.022%$25.9M$15.2M75xas long as short
Gate XAUT_USDT0.0000%8h4,358.6+0.030%$131.2M$8.2M100xas long as short
Injective XAUT/USDC PERP+0.0033%1h4,349.8−0.172%$8K$149K30xas long as short
SoDEX XAUT-USD+0.0050%1h4,358.5+0.028%$10.2M$2.0M25xas long as short
Nado XAUT-PERP+0.0100%1h4,357.1−0.006%$4.2M$982K10xas long as short
Binance XAUTUSDT+0.0100%4h4,357.1−0.004%$35.5M$46.7M75xas long as short
Bybit XAUTUSDT+0.0100%4h4,356.6−0.015%$120.9M$27.7M75xas long as short
MEXC XAUT_USDT+0.0100%4h4,356.7−0.014%$336.0M$284.8M1000xas long as short
KuCoin XAUTUSDTM+0.0100%4h4,359.3+0.046%$11.4M$2.9M75xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XAUT-USDTlong+0.0100%4h4,357.3long leg$17.9M
Variational Omni XAUT+0.0100%4h4,356−0.029%$33.1M$3.5Mas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,356−0.030%$366$114K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,357.1−0.004%$268$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,358.3+0.022%$1.9M$221K10xas long as short
SunX XAUT-USDT+0.0100%4h4,363.2+0.136%$2K$3.6M20xas long as short
HTX XAUT-USDT+0.0100%4h4,354.3−0.069%$1.8M$231K75xas long as short
Extended XAUT-USD+0.0104%1h4,355.6−0.038%$272K$231K25xas long as short
Kraken Futures PF_XAUTUSDshort+0.0118%1h4,358.9+0.038%$5.3M$4.0M50x
BloFin XAUT-USDT+0.0340%4h4,356.2−0.025%$2.3M$1.6M75xas long as short