Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: SunX against Bybit+0.151%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$750.753% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$11 on $10k

Price spread, last 3 days (all we have)−0.056%−$6 · spread now +0.151%, 7d avg +0.101%

Together, before fees+0.058%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.049% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAUTUSDT	4,356.7	0.0100	pay 0.0050% / 4h	3h 04m	$120.9M	$27.7M	75x
Short	SunX XAUT-USDT	4,363.3	0.0100	get 0.0050% / 4h	3h 04m	$2K	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.151%Rate

Funding earned: $0
Price spread: +0.151% → +0.101%: $4.95
Slippage, 4 orders: −$56.33
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$70.38
Costs to cover: 0.753%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; SunX: live order book, 4 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, 5 min ago	0.12 bp	5.8 bp −$6	6.8 bp −$68	13.1 bp −$1,309	doesn't fit
Sell SunX live order book, 4 min ago	21.51 bp	38.4 bp −$38	68.0 bp −$680	doesn't fit	doesn't fit

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	−0.0266%	1h	4,356.5	−0.005%	$56K	$30K	20x	as long as short
Bitget XAUTUSDT	−0.0050%	4h	4,356.6	−0.003%	$25.9M	$15.2M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,358.9	+0.051%	$131.1M	$8.2M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	−0.158%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,358.5	+0.042%	$10.2M	$2.0M	25x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,357	+0.006%	$4.2M	$981K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,357.3	+0.014%	$35.5M	$46.6M	75x	as long as short
Bybit XAUTUSDTlong	+0.0100%	4h	4,356.7	long leg	$120.9M	$27.7M	75x
MEXC XAUT_USDT	+0.0100%	4h	4,356.8	+0.003%	$336.0M	$284.8M	1000x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,359.3	+0.061%	$11.4M	$2.9M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XAUT-USDT	+0.0100%	4h	4,357.3	+0.014%	—	$17.9M	—	as long as short
Variational Omni XAUT	+0.0100%	4h	4,356	−0.015%	$33.1M	$3.5M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,356	−0.016%	$366	$114K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,357.1	+0.010%	$268	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,358.7	+0.047%	$1.9M	$221K	10x	as long as short
SunX XAUT-USDTshort	+0.0100%	4h	4,363.3	+0.151%	$2K	$3.6M	20x
HTX XAUT-USDT	+0.0100%	4h	4,354.3	−0.055%	$1.8M	$231K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,356.4	−0.007%	$272K	$231K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0118%	1h	4,359.5	+0.064%	$5.3M	$4.0M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,356.2	−0.011%	$2.3M	$1.6M	75x	as long as short