Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h +0.013%

Price spread now: Nado against Bybit+0.001%49s7-day average +0.009% · 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—prices read too far apart to compare

costs, in and out, $10k−$200.204% of the position

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.042%+$4 on $10k

Price spread, last 7 days+0.037%+$4 · spread now +0.001%, 7d avg +0.009%

Together, before fees+0.079%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAUTUSDT	4,367.1	0.0066	pay 0.0033% / 4h	3h 59m	$121.1M	$27.5M	75x
Short	Nado XAUT-PERP	4,367.1	0.0100	get 0.0012% / 1h	59m 42s	$4.2M	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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 BybitbpFee NadobpOrdersPrice spread, now +0.001%Rate

Funding earned: $7.17
Price spread: +0.001% → +0.009%: −$0.8
Slippage, 4 orders: −$2.45
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$14.08
Costs to cover: 0.204%
Break-even: 20.8 days

Slippage from Bybit: live order book, 9 min ago; Nado: live order book, 4 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 Bybit live order book, 9 min ago	0.12 bp	5.6 bp −$6	6.4 bp −$64	13.8 bp −$1,380	doesn't fit
Sell Nado live order book, 4 min ago	0.11 bp	4.4 bp −$4	7.6 bp −$76	doesn't fit	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	−0.0138%	1h	4,366.5	−0.012%	$56K	$31K	20x	as long as short
Bitget XAUTUSDT	−0.0074%	4h	4,365.6	−0.035%	$26.1M	$15.2M	75x	as long as short
Injective XAUT/USDC PERP	−0.0055%	1h	4,349.8	−0.395%	$8K	$149K	30x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,368.3	+0.028%	$131.8M	$8.1M	100x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,369	+0.044%	$10.2M	$2.0M	25x	as long as short
MEXC XAUT_USDT	+0.0064%	4h	4,366.9	−0.004%	$342.9M	$274.0M	1000x	as long as short
Bybit XAUTUSDTlong	+0.0066%	4h	4,367.1	long leg	$121.1M	$27.5M	75x
Variational Omni XAUT	+0.0078%	4h	4,365.9	−0.027%	$33.3M	$3.4M	—	as long as short
Nado XAUT-PERPshort	+0.0100%	1h	4,367.1	+0.001%	$4.2M	$1.0M	10x
Binance XAUTUSDT	+0.0100%	4h	4,367.7	+0.014%	$35.6M	$46.6M	75x	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	4,369.5	+0.056%	$11.4M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,366.5	−0.014%	—	$18.0M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,363.7	−0.077%	$781	$115K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,367.6	+0.012%	$268	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,369.6	+0.059%	$1.9M	$213K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,374.1	+0.162%	$3K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,363.4	−0.084%	$1.9M	$232K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,366.6	−0.010%	$272K	$231K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0105%	1h	4,369.3	+0.051%	$5.3M	$3.6M	50x	as long as short
BloFin XAUT-USDT	+0.0246%	4h	4,365.7	−0.031%	$2.3M	$1.7M	75x	as long as short