Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.009%

Price spread now: Derive against MEXC+0.056%7-day average +0.037% · you sell dearer than you buy

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

Long on MEXC Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 3 days (all we have)−0.011%−$1 · spread now +0.056%, 7d avg +0.037%

Together, before fees+0.098%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAUT_USDT	4,359.2	0.0050	pay 0.0025% / 4h	1h 04m	$345.3M	$285.9M	1000x
Short	Derive XAUT-PERP	4,361.6	0.0100	get 0.0013% / 1h	4m 51s	$1.8M	$179K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpFee DerivebpOrdersPrice spread, now +0.056%Rate

Funding earned: $10.5
Price spread: +0.056% → +0.037%: $1.91
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Derive: 3 bp × 2 orders: −$6
Net: $2.41
Costs to cover: 0.100%
Break-even: 5.4 days

Slippage unknown: MEXC: live order book, 9 min ago; Derive: 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 MEXC live order book, 9 min ago	0.34 bp	2.3 bp −$2	2.4 bp −$24	4.5 bp −$451	23.9 bp −$11.9K
Sell Derive no order-book sample	—	—	—	—	—

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	−0.0204%	1h	4,358.1	−0.025%	$56K	$32K	20x	as long as short
Bitget XAUTUSDT	−0.0176%	4h	4,359.7	+0.011%	$26.3M	$14.8M	75x	as long as short
Kraken Futures PF_XAUTUSD	−0.0105%	1h	4,362.5	+0.076%	$5.3M	$3.5M	50x	as long as short
Injective XAUT/USDC PERP	−0.0039%	1h	4,349.8	−0.216%	$8K	$149K	30x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,361.1	+0.044%	$132.0M	$8.1M	100x	as long as short
Bybit XAUTUSDT	+0.0048%	4h	4,359.1	−0.002%	$120.8M	$27.0M	75x	as long as short
MEXC XAUT_USDTlong	+0.0050%	4h	4,359.2	long leg	$345.3M	$285.9M	1000x
SoDEX XAUT-USD	+0.0050%	1h	4,362	+0.064%	$10.2M	$2.0M	25x	as long as short
Variational Omni XAUT	+0.0058%	4h	4,357.9	−0.031%	$33.3M	$3.3M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,359.2	0.000%	$4.2M	$986K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XAUTUSDT	+0.0100%	4h	4,361	+0.041%	$35.5M	$45.8M	75x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,361.7	+0.057%	$11.4M	$3.0M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,359.7	+0.012%	—	$17.9M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,357.9	−0.029%	$880	$111K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,359.6	+0.009%	$268	$17K	10x	as long as short
Derive XAUT-PERPshort	+0.0100%	1h	4,361.6	+0.056%	$1.8M	$179K	10x
SunX XAUT-USDT	+0.0100%	4h	4,365.4	+0.142%	$2K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,356.4	−0.064%	$1.9M	$231K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,359.5	+0.006%	$272K	$217K	25x	as long as short
BloFin XAUT-USDT	+0.0203%	4h	4,358.3	−0.021%	$2.3M	$1.7M	75x	as long as short