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

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0156%/8h= +17.1% APRnext payment +$0.78 per $10,000 · paid last 24h +0.021%
Price spread now: HTX against Bitget+0.002%7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$460.458% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.040%−$4 on $10k
Price spread, last 3 days (all we have)−0.065%−$7 · spread now +0.002%, 7d avg −0.031%
Together, before fees−0.105%−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and HTX is 0.033% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.031%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XAUTUSDT4,355.1−0.0056get 0.0028% / 4h3h 25m$25.9M$15.2M75x
ShortHTX XAUT-USDT4,355.20.0100get 0.0050% / 4h3h 25m$1.9M$230K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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
$32.76
Price spread: +0.002% → −0.031%
$3.31
Slippage, 4 orders
−$21.81
Fee Bitget: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$9.75
Costs to cover
0.458%
Break-even
9.1 days
Slippage from Bitget: live order book, 3 min ago; HTX: live order book, 3 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 Bitget live order book, 3 min ago0.01 bp7.4 bp −$79.6 bp −$96doesn't fitdoesn't fit
Sell HTX live order book, 3 min ago4.82 bp13.1 bp −$1319.5 bp −$195doesn't fitdoesn'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−0.0214%1h4,356.1+0.022%$56K$31K20xas long as short
Bitget XAUTUSDTlong−0.0056%4h4,355.1long leg$25.9M$15.2M75x
Gate XAUT_USDT0.0000%8h4,357.3+0.050%$131.3M$8.1M100xas long as short
Injective XAUT/USDC PERP+0.0033%1h4,349.8−0.122%$8K$149K30xas long as short
SoDEX XAUT-USD+0.0050%1h4,357.6+0.057%$10.2M$2.0M25xas long as short
Variational Omni XAUT+0.0100%4h4,354.6−0.011%$33.2M$3.5Mas long as short
Nado XAUT-PERP+0.0100%1h4,355.9+0.017%$4.2M$1.0M10xas long as short
Binance XAUTUSDT+0.0100%4h4,355.8+0.015%$35.5M$46.7M75xas long as short
Bybit XAUTUSDT+0.0100%4h4,355.7+0.014%$121.0M$27.8M75xas long as short
MEXC XAUT_USDT+0.0100%4h4,355.9+0.018%$338.5M$281.2M1000xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XAUTUSDTM+0.0100%4h4,357.8+0.062%$11.4M$2.9M75xas long as short
BingX XAUT-USDT+0.0100%4h4,356.2+0.025%$17.9Mas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,357.4+0.052%$732$116K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,355.8+0.015%$268$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,358.2+0.069%$1.9M$220K10xas long as short
SunX XAUT-USDT+0.0100%4h4,362+0.157%$3K$3.7M20xas long as short
HTX XAUT-USDTshort+0.0100%4h4,355.2+0.002%$1.9M$230K75x
Extended XAUT-USD+0.0104%1h4,354.6−0.011%$274K$231K25xas long as short
Kraken Futures PF_XAUTUSD+0.0118%1h4,358.7+0.082%$5.3M$4.0M50xas long as short
BloFin XAUT-USDT+0.0340%4h4,358.5+0.077%$2.3M$1.6M75xas long as short