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+0.0136%/8h= +14.9% APRnext payment +$0.68 per $10,000 · paid last 24h +0.022%
Price spread now: SunX against Bitget+0.153%7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$780.784% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.107%+$11 on $10k
Price spread, last 4 days (all we have)+0.075%+$8 · spread now +0.153%, 7d avg +0.110%
Together, before fees+0.182%+$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and SunX is 0.043% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.110%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XAUTUSDT4,346.1−0.0036get 0.0018% / 4h1h 09m$25.9M$15.2M75x
ShortSunX XAUT-USDT4,352.80.0100get 0.0050% / 4h1h 09m$2K$3.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$28.56
Price spread: +0.153% → +0.110%
$4.29
Slippage, 4 orders
−$58.44
Fee Bitget: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$45.58
Costs to cover
0.784%
Break-even
18.2 days
Slippage from Bitget: live order book, 4 min ago; SunX: 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 Bitget live order book, 4 min ago0.01 bp6.9 bp −$79.8 bp −$98doesn't fitdoesn't fit
Sell SunX live order book, 8 min ago21.51 bp38.4 bp −$3868.0 bp −$680doesn'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−0.0335%1h4,347+0.022%$56K$29K20xas long as short
Bitget XAUTUSDTlong−0.0036%4h4,346.1long leg$25.9M$15.2M75x
Bybit XAUTUSDT−0.0014%4h4,346.4+0.008%$120.2M$28.0M75xas long as short
MEXC XAUT_USDT−0.0012%4h4,346.10.000%$351.8M$283.1M1000xas long as short
Gate XAUT_USDT0.0000%8h4,348.1+0.046%$130.3M$8.3M100xas long as short
Variational Omni XAUT+0.0007%4h4,343.2−0.067%$33.0M$3.5Mas long as short
Injective XAUT/USDC PERP+0.0033%1h4,349.8+0.085%$8K$149K30xas long as short
SoDEX XAUT-USD+0.0050%1h4,346.3+0.005%$10.1M$2.0M25xas long as short
Binance XAUTUSDT+0.0062%4h4,346.6+0.011%$35.1M$45.7M75xas long as short
Extended XAUT-USD+0.0064%1h4,345.5−0.015%$272K$213K25xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XAUT-USDT+0.0066%4h4,346.6+0.012%$17.8Mas long as short
Nado XAUT-PERP+0.0100%1h4,346.3+0.003%$4.2M$1.0M10xas long as short
KuCoin XAUTUSDTM+0.0100%4h4,348.1+0.045%$11.5M$2.9M75xas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,346.1−0.001%$604$109K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,346.10.000%$267$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,347.7+0.037%$1.8M$284K10xas long as short
SunX XAUT-USDTshort+0.0100%4h4,352.8+0.153%$2K$3.4M20x
HTX XAUT-USDT+0.0100%4h4,343.1−0.069%$1.8M$233K75xas long as short
Kraken Futures PF_XAUTUSD+0.0187%1h4,348.7+0.060%$5.7M$4.6M50xas long as short
BloFin XAUT-USDT+0.0226%4h4,346.2+0.002%$2.3M$1.6M75xas long as short