XAUT Funding Rate — perpetuals across 9 venues

TradFi perpetual · compared across 9 venues · net of estimated fees · updated every few minutes

XAUT is a commodity-linked perpetual referencing XAUT. Its price tracks the commodity, not an equity.

Live annualized XAUT perpetual funding across all 9 venues Perpia tracks. Right now XAUT funding is positive on 8 and negative on 0, ranging from +10.9% on MEXC to +0.0% on Gate.io — a spread of 10.9%. The widest delta-neutral trade is long Gate.io / short MEXC at 9.4% net APR.

venues

paying positive

10.9%

funding spread

Best XAUT spread now

9.4%

net APR after fees

Long Gate.io→Short MEXC

size depends on live venue depth — see the real cap in the scanner

XAUT funding trend & liquidity

168h of history

10.9%

current gross APR

8.2%

24h average

3.9%

7-day average

$123.2M

pair OI · lower leg

$12.9M

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

XAUT funding rate history

30d · 6h buckets · 9 venues

14.8%0-27.5%

6 Aug5 Sep

XAUT — average across 9 venuesBinanceBitgetKuCoinMEXC

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +5.7%. A break in a line means no data was recorded for that stretch, not a zero rate.

XAUT funding rate by venue

20 pairs scanned

Venue	Funding APR	Interval
MEXC ↗	+10.9%	4h
BingX ↗	+10.9%	4h
KuCoin ↗	+10.9%	4h
Bybit ↗	+10.9%	4h
Variational ↗	+10.9%	4h
Binance ↗	+9.6%	4h
Sodex ↗	+5.5%	1h
Bitget ↗	+4.2%	4h
Gate.io ↗	+0.0%	8h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Gate.io vs MEXC page.

XAUT arbitrage — 30-day backtest

long Gate.io · short MEXC

2.1%

backtested APR

+$17

historical net P&L on $10,000

0.06%

max drawdown

$10,000$10,017

30 days agostarting capital $10,000today

Over the last 30 days, holding long Gate.io / short MEXC would have produced 2.1% APR — versus the 9.4% the live spread implies right now (equity $10,000 → $10,017). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading XAUT backtest…

XAUT funding — FAQ

Is XAUT funding positive right now?

XAUT perpetual funding is positive on 8 of 9 venues Perpia tracks. The highest is +10.9% on MEXC; the lowest is +0.0% on Gate.io.

What is the best XAUT funding arbitrage right now?

Go long Gate.io and short MEXC for about 9.4% net APR after fees — the widest delta-neutral XAUT spread Perpia currently sees.

Which exchange has the highest XAUT funding rate?

MEXC, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How XAUT funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to XAUT

Markets also quoted on both Gate.io and MEXC — the same two exchanges you would already have funded for the XAUT trade.

See every spread between them on the Gate.io vs MEXC page.

Open the live scanner →All funding rates Funding by exchange How we calculate this