Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.009%

Price spread now: SoDEX against BingX+0.020%7-day average +0.048% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$190.186% of the position

Long on BingX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.036%−$4 on $10k

Price spread, last 3 days (all we have)+0.097%+$10 · spread now +0.020%, 7d avg +0.048%

Together, before fees+0.062%+$6 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 0.029% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.048%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XAUT-USDT	4,353	0.0100	pay 0.0050% / 4h	2h 23m	—	$17.7M	—
Short	SoDEX XAUT-USD	4,353.9	0.0050	get 0.0006% / 1h	23m 30s	$10.2M	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against BingX. 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 BingXbpFee SoDEXbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$10.5
Price spread: +0.020% → +0.048%: −$2.86
Slippage, 4 orders: −$0.55
Fee BingX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$31.91
Costs to cover: 0.186%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; SoDEX: live order book, 1 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 BingX live order book, 10 min ago	0.13 bp	5.1 bp −$5	5.6 bp −$56	9.7 bp −$975	42.6 bp −$21.3K
Sell SoDEX live order book, 1 min ago	0.12 bp	4.1 bp −$4	5.1 bp −$51	43.9 bp −$4,390	doesn't fit

XAUT on 19 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	−0.0283%	1h	4,353	−0.001%	$56K	$30K	20x	as long as short
Bitget XAUTUSDT	−0.0040%	4h	4,352.9	−0.004%	$25.9M	$15.2M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,354.5	+0.034%	$130.5M	$8.3M	100x	as long as short
Bybit XAUTUSDT	+0.0024%	4h	4,352.6	−0.009%	$120.6M	$27.7M	75x	as long as short
MEXC XAUT_USDT	+0.0028%	4h	4,352.6	−0.010%	$333.7M	$285.5M	1000x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	−0.074%	$8K	$149K	30x	as long as short
SoDEX XAUT-USDshort	+0.0050%	1h	4,353.9	+0.020%	$10.2M	$2.0M	25x
Variational Omni XAUT	+0.0057%	4h	4,350.7	−0.053%	$33.1M	$3.5M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,352.6	−0.010%	$4.2M	$994K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,352.7	−0.009%	$35.3M	$46.8M	75x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTM	+0.0100%	4h	4,354.9	+0.042%	$11.4M	$2.9M	75x	as long as short
BingX XAUT-USDTlong	+0.0100%	4h	4,353	long leg	—	$17.7M	—
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,353.1	+0.001%	$1K	$110K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,352.6	−0.010%	$267	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,353.3	+0.006%	$1.9M	$267K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,357.6	+0.105%	$3K	$3.6M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,350.9	−0.050%	$1.9M	$243K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,351.6	−0.033%	$272K	$213K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0301%	1h	4,354.1	+0.025%	$5.3M	$4.1M	50x	as long as short