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

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0298%/8h= −32.7% APRnext payment $1.49 per $10,000 · paid last 24h −0.072%
Price spread now: Bitget against BloFin+0.039%95s7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$270.266% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.453%−$45 on $10k
Price spread, last 3 days (all we have)−0.079%−$8 · spread now +0.039%, 7d avg −0.011%
Together, before fees−0.533%−$53 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.050% dearer against BloFin than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.011%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 13 hours. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin XAUT-USDT4,357.50.0184pay 0.0092% / 4h23m 36s$1.7M$1.7M75x
ShortBitget XAUTUSDT4,359.2−0.0114pay 0.0057% / 4h23m 36s$26.2M$15.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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
−$62.68
Price spread: +0.039% → −0.011%
$5.01
Slippage, 4 orders
−$2.57
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$84.24
Costs to cover
0.266%
Break-even
never at this rate
Slippage from BloFin: live order book, 4 min ago; Bitget: live order book, 5 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 BloFin live order book, 4 min ago0.12 bp6.1 bp −$67.6 bp −$7611.7 bp −$1,170doesn't fit
Sell Bitget live order book, 5 min ago0.01 bp7.4 bp −$79.5 bp −$95doesn'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−0.0153%1h4,359.1+0.036%$56K$32K20xas long as short
Bitget XAUTUSDTshort−0.0114%4h4,359.2+0.039%$26.2M$15.0M75x
Injective XAUT/USDC PERP−0.0055%1h4,349.8−0.177%$8K$149K30xas long as short
Gate XAUT_USDT0.0000%8h4,361.2+0.085%$131.7M$8.0M100xas long as short
MEXC XAUT_USDT+0.0044%4h4,359.1+0.037%$342.5M$278.9M1000xas long as short
Bybit XAUTUSDT+0.0044%4h4,359.3+0.041%$120.8M$27.4M75xas long as short
SoDEX XAUT-USD+0.0050%1h4,360.5+0.069%$10.2M$2.0M25xas long as short
Variational Omni XAUT+0.0054%4h4,356.9−0.013%$33.2M$3.3Mas long as short
Nado XAUT-PERP+0.0100%1h4,357.6+0.002%$4.2M$994K10xas long as short
Binance XAUTUSDT+0.0100%4h4,359.8+0.053%$35.5M$46.3M75xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XAUTUSDTM+0.0100%4h4,361.2+0.086%$11.4M$2.9M75xas long as short
BingX XAUT-USDT+0.0100%4h4,359.9+0.055%$17.9Mas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,357.7+0.005%$553$114K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,359.1+0.037%$268$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,360.3+0.064%$1.9M$209K10xas long as short
SunX XAUT-USDT+0.0100%4h4,365.5+0.183%$3K$3.7M20xas long as short
HTX XAUT-USDT+0.0100%4h4,356−0.035%$1.9M$232K75xas long as short
Extended XAUT-USD+0.0104%1h4,359.4+0.043%$272K$231K25xas long as short
Kraken Futures PF_XAUTUSD+0.0105%1h4,362.3+0.110%$5.3M$3.6M50xas long as short
BloFin XAUT-USDTlong+0.0184%4h4,357.5long leg$1.7M$1.7M75x