Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.028%

Price spread now: Orderly against Gate−0.039%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.039% cheaper against Gate than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 31 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAUT_USDT	4,324.9	0	get 0.0000% / 8h	1h 56m	$130.0M	$8.4M	100x
Short	Orderly PERP_XAUT_USDC_mythos	4,323.2	0.0100	get 0.0050% / 4h	1h 56m	$266	$17K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Gate. 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 GatebpFee OrderlybpOrdersPrice spread, now −0.039%Rate

Funding earned: $21
Price spread: −0.039% → 0.000%: −$3.93
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$3.93
Costs to cover: 0.210%
Break-even: 8.3 days

Slippage unknown: Gate: live order book, 3 min ago; Orderly: no order-book sample. 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 Gate live order book, 3 min ago	0.12 bp	8.9 bp −$9	11.7 bp −$117	19.3 bp −$1,928	44.1 bp −$22.1K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0238%	1h	4,326	+0.026%	$56K	$29K	20x	as long as short
Bitget XAUTUSDT	−0.0036%	4h	4,323	−0.043%	$25.4M	$16.8M	75x	as long as short
MEXC XAUT_USDT	−0.0034%	4h	4,323.4	−0.035%	$358.5M	$275.2M	1000x	as long as short
Bybit XAUTUSDT	−0.0029%	4h	4,322.6	−0.053%	$118.2M	$29.9M	75x	as long as short
Gate XAUT_USDTlong	0.0000%	8h	4,324.9	long leg	$130.0M	$8.4M	100x
Variational Omni XAUT	+0.0003%	4h	4,324.7	−0.003%	$33.0M	$3.4M	—	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.576%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,322	−0.067%	$10.1M	$2.0M	25x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,322.9	−0.046%	$4.2M	$916K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,323.6	−0.031%	$35.3M	$46.9M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTM	+0.0100%	4h	4,324.2	−0.017%	$11.7M	$3.0M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,323.7	−0.028%	—	$19.0M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,325.7	+0.019%	$826	$110K	10x	as long as short
Orderly PERP_XAUT_USDC_mythosshort	+0.0100%	4h	4,323.2	−0.039%	$266	$17K	10x
Derive XAUT-PERP	+0.0100%	1h	4,323	−0.045%	$1.8M	$367K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,326.7	+0.042%	$2K	$3.2M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,319.9	−0.115%	$1.8M	$247K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,321.9	−0.069%	$267K	$214K	25x	as long as short
BloFin XAUT-USDT	+0.0222%	4h	4,322.1	−0.065%	$2.3M	$1.6M	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0230%	1h	4,323.4	−0.035%	$5.7M	$4.8M	50x	as long as short