Settings8H · net · $10k
Funding arb · Price arb /

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0167%/8h= −18.3% APRpaid last 24h −0.018%
Price spread now: Kraken Futures against Binance+0.027%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$260.259% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.028%+$3 on $10k
Price spread, last 3 days (all we have)+0.064%+$6 · spread now +0.027%, 7d avg +0.022%
Together, before fees+0.092%+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance XAUTUSDT4,341.70.0070pay 0.0035% / 4h2h 20m$35.2M$45.5M75x
ShortKraken Futures PF_XAUTUSD4,342.9−0.0097pay 0.0012% / 1h20m 18s$5.3M$3.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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

Funding earned
−$35.16
Price spread: +0.027% → +0.022%
$0.56
Slippage, 4 orders
−$5.88
Fee Binance: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$60.48
Costs to cover
0.259%
Break-even
never at this rate
Slippage from Binance: live order book, 7 min ago; Kraken Futures: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 7 min ago0.01 bp5.1 bp −$58.4 bp −$8422.7 bp −$2,269doesn't fit
Sell Kraken Futures live order book, 4 min ago1.96 bp8.8 bp −$911.1 bp −$11123.6 bp −$2,357doesn't fit

XAUT on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XAUTUSDT−0.0228%4h4,339.5−0.051%$26.4M$15.1M75xas long as short
Aftermath Perps XAUTUSD−0.0203%1h4,341.5−0.004%$56K$33K20xas long as short
Kraken Futures PF_XAUTUSDshort−0.0097%1h4,342.9+0.027%$5.3M$3.4M50x
Injective XAUT/USDC PERP−0.0056%1h4,343.8+0.048%$8K$76K30xas long as short
Gate XAUT_USDT0.0000%8h4,342.6+0.021%$131.9M$8.9M100xas long as short
Variational Omni XAUT+0.0040%4h4,340.9−0.018%$33.1M$3.3Mas long as short
SoDEX XAUT-USD+0.0050%1h4,343.1+0.032%$10.1M$2.1M25xas long as short
Binance XAUTUSDTlong+0.0070%4h4,341.7long leg$35.2M$45.5M75x
Extended XAUT-USD+0.0072%1h4,341.1−0.013%$272K$217K25xas long as short
Nado XAUT-PERP+0.0100%1h4,341.2−0.012%$4.2M$915K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XAUTUSDT+0.0100%4h4,341.2−0.012%$120.5M$27.3M75xas long as short
MEXC XAUT_USDT+0.0100%4h4,341.4−0.007%$349.0M$276.2M1000xas long as short
KuCoin XAUTUSDTM+0.0100%4h4,342.5+0.018%$11.5M$3.1M75xas long as short
BingX XAUT-USDT+0.0100%4h4,341−0.016%$17.7Mas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,341.2−0.011%$521$115K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,341.3−0.009%$267$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,342.4+0.016%$1.8M$175K10xas long as short
SunX XAUT-USDT+0.0100%4h4,347+0.122%$2K$3.8M20xas long as short
HTX XAUT-USDT+0.0100%4h4,339−0.063%$1.8M$230K75xas long as short
BloFin XAUT-USDT+0.0340%4h4,341.8+0.002%$2.4M$1.7M75xas long as short