Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0169%/8h= +18.5% APRpaid last 24h −0.005%

Price spread now: Injective against Bitget−0.011%7-day average +0.132% · you buy dearer than you sell

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

Long on Bitget Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 3 days (all we have)+0.276%+$28 · spread now −0.011%, 7d avg +0.132%

Together, before fees+0.208%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.143% cheaper against Bitget than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.132%). If the spread goes back, that is −$14 on $10k: about 2.8 days of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.068%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAUTUSDT	4,350.3	−0.0208	get 0.0104% / 4h	1h 26m	$26.3M	$14.7M	75x
Short	Injective XAUT/USDC PERP	4,349.8	−0.0039	pay 0.0005% / 1h	26m 47s	$8K	$149K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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

Position, each leg$Hold fordaysFee BitgetbpFee InjectivebpOrdersPrice spread, now −0.011%Rate

Funding earned: $35.49
Price spread: −0.011% → +0.132%: −$14.33
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $9.15
Costs to cover: 0.120%
Break-even: 5.2 days

Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago	0.01 bp	7.7 bp −$8	9.5 bp −$95	doesn't fit	doesn't fit
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
Bitget XAUTUSDTlong	−0.0208%	4h	4,350.3	long leg	$26.3M	$14.7M	75x
Aftermath Perps XAUTUSD	−0.0195%	1h	4,351.3	+0.023%	$56K	$33K	20x	as long as short
Kraken Futures PF_XAUTUSD	−0.0105%	1h	4,353	+0.062%	$5.3M	$3.5M	50x	as long as short
Injective XAUT/USDC PERPshort	−0.0039%	1h	4,349.8	−0.011%	$8K	$149K	30x
Gate XAUT_USDT	0.0000%	8h	4,352	+0.039%	$131.8M	$8.0M	100x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,352	+0.039%	$10.2M	$2.0M	25x	as long as short
Variational Omni XAUT	+0.0059%	4h	4,348.6	−0.039%	$33.2M	$3.3M	—	as long as short
MEXC XAUT_USDT	+0.0062%	4h	4,350.6	+0.007%	$341.0M	$282.8M	1000x	as long as short
Bybit XAUTUSDT	+0.0064%	4h	4,350.5	+0.004%	$120.6M	$26.9M	75x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,350.6	+0.006%	$4.2M	$978K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XAUTUSDT	+0.0100%	4h	4,351.4	+0.025%	$35.4M	$45.5M	75x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,352.9	+0.060%	$11.6M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,350.8	+0.011%	—	$17.8M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,351.3	+0.022%	$557	$112K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,351.2	+0.021%	$267	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,352.4	+0.049%	$1.8M	$175K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,356.1	+0.134%	$2K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,349.4	−0.020%	$1.8M	$230K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,350.9	+0.015%	$272K	$217K	25x	as long as short
BloFin XAUT-USDT	+0.0256%	4h	4,350	−0.007%	$2.3M	$1.7M	75x	as long as short