Funding you earn now, next payment 12:00 UTC−0.0250%/8h= −27.4% APRnext payment −$1.25 per $10,000 · paid last 24h −0.013%
Price spread now: Bitget against Bybit−0.023%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$250.255% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 7 days+0.026%+$3 · spread now −0.023%, 7d avg −0.002%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.021% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.002%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.005% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.25 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XAUTUSDT | 4,316.9 | 0.0100 | pay 0.0050% / 4h | 2h 18m | $119.0M | $35.6M | 75x |
| Short | Bitget XAUTUSDT | 4,315.9 | −0.0150 | pay 0.0075% / 4h | 2h 18m | $27.0M | $22.6M | 75x |
Bybit XAUTUSDT
Bitget XAUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$52.5
- Price spread: −0.023% → −0.002%
- −$2.11
- Slippage, 4 orders
- −$2.49
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$80.1
- Costs to cover
- 0.255%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 3 min ago.
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 Bybit live order book, 3 min ago | 0.12 bp | 5.6 bp −$6 | 6.3 bp −$63 | 13.2 bp −$1,321 | doesn't fit |
| Sell Bitget live order book, 3 min ago | 0.01 bp | 7.3 bp −$7 | 12.1 bp −$121 | doesn't fit | doesn't fit |
XAUT on 19 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps XAUTUSD | −0.0165% | 1h | 4,317.2 | +0.007% | $55K | $11K | 20x | as long as short |
| Bitget XAUTUSDTshort | −0.0150% | 4h | 4,315.9 | −0.023% | $27.0M | $22.6M | 75x | |
| Gate XAUT_USDT | 0.0000% | 8h | 4,318.8 | +0.045% | $130.5M | $10.5M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.763% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,317.2 | +0.008% | $10.1M | $2.1M | 25x | as long as short |
| Variational Omni XAUT | +0.0088% | 4h | 4,316.1 | −0.018% | $33.0M | $3.6M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,316.4 | −0.011% | $4.2M | $907K | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,316.7 | −0.003% | $36.0M | $48.9M | 75x | as long as short |
| Bybit XAUTUSDTlong | +0.0100% | 4h | 4,316.9 | long leg | $119.0M | $35.6M | 75x | |
| MEXC XAUT_USDT | +0.0100% | 4h | 4,316.9 | +0.001% | $358.2M | $299.9M | 1000x | as long as short |
Aftermath Perps XAUTUSD
Gate XAUT_USDT
Injective XAUT/USDC PERP
SoDEX XAUT-USD
Variational Omni XAUT
Nado XAUT-PERP
Binance XAUTUSDT
MEXC XAUT_USDTShow all 19 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,319.2 | +0.054% | $12.2M | $3.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,317.1 | +0.006% | — | $21.1M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,314.9 | −0.045% | $721 | $108K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,317 | +0.003% | $265 | $17K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,322.4 | +0.127% | $3K | $2.8M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,315 | −0.043% | $1.8M | $195K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,315.7 | −0.026% | $274K | $206K | 25x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0174% | 1h | 4,319.7 | +0.066% | $5.7M | $5.5M | 50x | as long as short |
| BloFin XAUT-USDT | +0.0340% | 4h | 4,316.4 | −0.011% | $2.3M | $725K | 75x | as long as short |
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
SunX XAUT-USDT
HTX XAUT-USDT
Extended XAUT-USD
Kraken Futures PF_XAUTUSD
BloFin XAUT-USDT