Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.007%

Price spread now: SoDEX against Binance−0.004%7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$180.183% of the position

Long on Binance Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 3 days (all we have)+0.123%+$12 · spread now −0.004%, 7d avg +0.053%

Together, before fees+0.116%+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.057% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.053%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAUTUSDT	4,373.3	0.0100	pay 0.0050% / 4h	3h 56m	$35.7M	$46.7M	75x
Short	SoDEX XAUT-USD	4,373.1	0.0050	get 0.0006% / 1h	56m 55s	$10.2M	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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

Position, each leg$Hold fordaysFee BinancebpFee SoDEXbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$10.5
Price spread: −0.004% → +0.053%: −$5.68
Slippage, 4 orders: −$0.3
Fee Binance: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$34.48
Costs to cover: 0.183%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; SoDEX: live order book, 2 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 Binance live order book, 15 min ago	0.01 bp	5.0 bp −$5	6.9 bp −$69	19.2 bp −$1,919	doesn't fit
Sell SoDEX live order book, 2 min ago	0.11 bp	4.1 bp −$4	5.1 bp −$51	45.6 bp −$4,563	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	−0.0139%	1h	4,367.3	−0.137%	$56K	$31K	20x	as long as short
Bitget XAUTUSDT	−0.0072%	4h	4,372.4	−0.020%	$26.1M	$15.3M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,374.2	+0.021%	$131.8M	$7.9M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	−0.537%	$8K	$149K	30x	as long as short
SoDEX XAUT-USDshort	+0.0050%	1h	4,373.1	−0.004%	$10.2M	$2.0M	25x
Variational Omni XAUT	+0.0078%	4h	4,365.9	−0.170%	$33.3M	$3.4M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,368.4	−0.112%	$4.2M	$1.0M	10x	as long as short
Binance XAUTUSDTlong	+0.0100%	4h	4,373.3	long leg	$35.7M	$46.7M	75x
Bybit XAUTUSDT	+0.0100%	4h	4,372.7	−0.014%	$121.1M	$27.6M	75x	as long as short
MEXC XAUT_USDT	+0.0100%	4h	4,373.1	−0.004%	$343.2M	$275.4M	1000x	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	4,374.5	+0.027%	$11.4M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,372.8	−0.012%	—	$18.0M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,368.1	−0.119%	$738	$116K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,371.2	−0.048%	$269	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,373	−0.006%	$1.9M	$213K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,374.9	+0.036%	$2K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,363.4	−0.226%	$1.9M	$232K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,372	−0.029%	$274K	$231K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0118%	1h	4,373.7	+0.009%	$5.3M	$3.9M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,370.6	−0.061%	$2.3M	$1.7M	75x	as long as short