Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0027%/8h= +2.9% APRpaid last 24h −0.015%

Price spread now: Gate against Bybit+0.025%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$10 on $10k

Price spread, last 7 days+0.028%+$3 · spread now +0.025%, 7d avg +0.043%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.095%, 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	Bybit XAUTUSDT	4,347.5	−0.0027	get 0.0013% / 4h	23m 14s	$120.1M	$28.1M	75x
Short	Gate XAUT_USDT	4,348.6	0	get 0.0000% / 8h	4h 23m	$130.5M	$8.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.025%Rate

Funding earned: $5.58
Price spread: +0.025% → +0.043%: −$1.76
Slippage, 4 orders: −$2.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$24.93
Costs to cover: 0.287%
Break-even: 38.3 days

Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 6 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, 1 min ago	0.12 bp	5.6 bp −$6	6.1 bp −$61	12.5 bp −$1,254	doesn't fit
Sell Gate live order book, 6 min ago	0.12 bp	9.3 bp −$9	12.1 bp −$121	20.1 bp −$2,008	49.7 bp −$24.8K

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
Aftermath Perps XAUTUSD	−0.0345%	1h	4,347.3	−0.005%	$56K	$29K	20x	as long as short
Bitget XAUTUSDT	−0.0044%	4h	4,346.8	−0.017%	$25.9M	$15.3M	75x	as long as short
MEXC XAUT_USDT	−0.0028%	4h	4,347.8	+0.007%	$375.7M	$276.4M	1000x	as long as short
Bybit XAUTUSDTlong	−0.0027%	4h	4,347.5	long leg	$120.1M	$28.1M	75x
Variational Omni XAUT	−0.0026%	4h	4,347.3	−0.004%	$33.1M	$3.5M	—	as long as short
Gate XAUT_USDTshort	0.0000%	8h	4,348.6	+0.025%	$130.5M	$8.2M	100x
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.053%	$8K	$149K	30x	as long as short
Binance XAUTUSDT	+0.0040%	4h	4,347.1	−0.009%	$35.1M	$45.4M	75x	as long as short
Extended XAUT-USD	+0.0040%	1h	4,346	−0.035%	$272K	$215K	25x	as long as short
BingX XAUT-USDT	+0.0040%	4h	4,347.2	−0.007%	—	$17.8M	—	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX XAUT-USD	+0.0050%	1h	4,347.1	−0.009%	$10.1M	$2.0M	25x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,347.6	+0.003%	$4.2M	$942K	10x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,349.1	+0.037%	$11.5M	$2.9M	75x	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,348	+0.011%	$913	$107K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,346.1	−0.032%	$267	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,348.2	+0.015%	$1.8M	$298K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,352.4	+0.113%	$2K	$3.3M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,346.9	−0.014%	$1.8M	$226K	75x	as long as short
BloFin XAUT-USDT	+0.0211%	4h	4,347.6	+0.002%	$2.3M	$1.6M	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0222%	1h	4,349	+0.035%	$5.7M	$4.5M	50x	as long as short