Funding you earn now, next payment 00:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.008%
Price spread now: Bybit against Derive−0.034%47s7-day average −0.030% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.108%−$11 on $10k
+Price spread, last 3 days (all we have)0.000%$0 · spread now −0.034%, 7d avg −0.030%
=The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive XAUT-PERP | 4,363.5 | 0.0100 | pay 0.0013% / 1h | 42m 31s | $1.9M | $209K | 10x |
| Short | Bybit XAUTUSDT | 4,362 | 0.0044 | get 0.0022% / 4h | 42m 31s | $120.9M | $27.3M | 75x |
Derive XAUT-PERP
Bybit XAUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Derive. 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
- −$11.79
- Price spread: −0.034% → −0.030%
- −$0.42
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$29.2
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.
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 Derive no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 0.12 bp | 5.6 bp −$6 | 6.6 bp −$66 | 13.3 bp −$1,328 | doesn't fit |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0189% | 1h | 4,362.4 | −0.025% | $56K | $32K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0140% | 4h | 4,362.5 | −0.022% | $26.2M | $14.9M | 75x | as long as short |
| Injective XAUT/USDC PERP | −0.0055% | 1h | 4,349.8 | −0.313% | $8K | $149K | 30x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,363.5 | +0.001% | $131.9M | $7.9M | 100x | as long as short |
| Bybit XAUTUSDTshort | +0.0044% | 4h | 4,362 | −0.034% | $120.9M | $27.3M | 75x | |
| MEXC XAUT_USDT | +0.0044% | 4h | 4,361.9 | −0.036% | $341.7M | $277.3M | 1000x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,363.4 | −0.001% | $10.2M | $2.0M | 25x | as long as short |
| Variational Omni XAUT | +0.0057% | 4h | 4,360.8 | −0.061% | $33.3M | $3.3M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,362.1 | −0.032% | $4.2M | $995K | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,362.7 | −0.018% | $35.5M | $46.3M | 75x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Injective XAUT/USDC PERP
Gate XAUT_USDT
MEXC XAUT_USDT
SoDEX XAUT-USD
Variational Omni XAUT
Nado XAUT-PERP
Binance XAUTUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,364.1 | +0.015% | $11.4M | $2.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,361.7 | −0.039% | — | $17.9M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,359.2 | −0.098% | $658 | $112K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,361.1 | −0.054% | $268 | $17K | 10x | as long as short |
| Derive XAUT-PERPlong | +0.0100% | 1h | 4,363.5 | long leg | $1.9M | $209K | 10x | |
| SunX XAUT-USDT | +0.0100% | 4h | 4,368 | +0.104% | $3K | $3.7M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,357.2 | −0.143% | $1.9M | $231K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,361.5 | −0.044% | $272K | $231K | 25x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0105% | 1h | 4,363.8 | +0.008% | $5.3M | $3.6M | 50x | as long as short |
| BloFin XAUT-USDT | +0.0162% | 4h | 4,360.1 | −0.077% | $2.3M | $1.7M | 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