Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.019%

Price spread now: Bybit against HTX+0.019%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)+0.055%+$6 · spread now +0.019%, 7d avg +0.040%

Together, before fees+0.085%+$9 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: Bybit is 0.021% cheaper against HTX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAUT-USDT	4,337.7	0.0100	pay 0.0050% / 4h	3h 28m	$1.8M	$227K	75x
Short	Bybit XAUTUSDT	4,338.5	0.0100	get 0.0050% / 4h	3h 28m	$120.1M	$27.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against HTX. 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 HTXbpFee BybitbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → +0.040%: −$2.12
Slippage, 4 orders: −$13.31
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$38.43
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from HTX: live order book, just now; Bybit: live order book, 5 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 HTX live order book, just now	3.67 bp	11.7 bp −$12	16.8 bp −$168	30.5 bp −$3,045	doesn't fit
Sell Bybit live order book, 5 min ago	0.12 bp	5.9 bp −$6	7.7 bp −$77	15.3 bp −$1,533	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	−0.0338%	1h	4,338.3	+0.013%	$56K	$29K	20x	as long as short
Bitget XAUTUSDT	−0.0044%	4h	4,337.9	+0.004%	$25.8M	$15.4M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,339.9	+0.051%	$130.4M	$8.2M	100x	as long as short
Variational Omni XAUT	+0.0028%	4h	4,338.1	+0.009%	$33.0M	$3.5M	—	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.279%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,337.4	−0.007%	$10.1M	$2.0M	25x	as long as short
Binance XAUTUSDT	+0.0056%	4h	4,338.8	+0.026%	$35.2M	$45.3M	75x	as long as short
Extended XAUT-USD	+0.0056%	1h	4,337.6	−0.003%	$272K	$215K	25x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,338.6	+0.020%	$4.2M	$912K	10x	as long as short
Bybit XAUTUSDTshort	+0.0100%	4h	4,338.5	+0.019%	$120.1M	$27.9M	75x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XAUT_USDT	+0.0100%	4h	4,338.7	+0.023%	$391.8M	$271.1M	1000x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,339.5	+0.041%	$11.5M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,338.7	+0.024%	—	$17.7M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,338.2	+0.011%	$308	$107K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,338.7	+0.023%	$267	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,339	+0.031%	$1.8M	$304K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,345.7	+0.186%	$3K	$3.3M	20x	as long as short
HTX XAUT-USDTlong	+0.0100%	4h	4,337.7	long leg	$1.8M	$227K	75x
Kraken Futures PF_XAUTUSD	+0.0138%	1h	4,340.1	+0.056%	$5.7M	$4.4M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,337.9	+0.005%	$2.3M	$1.6M	75x	as long as short