Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.005%

Price spread now: SoDEX against Bybit−0.026%7-day average +0.049% · 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−$27as in the Price arb table

costs, in and out, $10k−$200.195% of the position

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.026%, 7d avg +0.049%

Together, before fees+0.131%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.074% cheaper against Bybit than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.049%). If the spread goes back, that is −$7 on $10k: about 7.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAUTUSDT	4,320.8	0.0019	pay 0.0009% / 4h	1h 31m	$119.2M	$30.8M	75x
Short	SoDEX XAUT-USD	4,319.7	0.0050	get 0.0006% / 1h	31m 37s	$10.1M	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.026%Rate

Funding earned: $6.59
Price spread: −0.026% → +0.049%: −$7.42
Slippage, 4 orders: −$0.52
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$20.35
Costs to cover: 0.195%
Break-even: 28.6 days

Slippage from Bybit: live order book, 7 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 Bybit live order book, 7 min ago	0.12 bp	5.6 bp −$6	6.4 bp −$64	13.2 bp −$1,320	doesn't fit
Sell SoDEX live order book, 2 min ago	0.12 bp	4.1 bp −$4	5.0 bp −$50	45.3 bp −$4,531	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	−0.0250%	1h	4,320.5	−0.007%	$55K	$29K	20x	as long as short
Bitget XAUTUSDT	−0.0032%	4h	4,320.1	−0.016%	$25.5M	$17.0M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,322.4	+0.037%	$130.4M	$8.7M	100x	as long as short
Variational Omni XAUT	+0.0008%	4h	4,317.8	−0.070%	$32.9M	$3.4M	—	as long as short
MEXC XAUT_USDT	+0.0018%	4h	4,320.6	−0.005%	$361.7M	$279.7M	1000x	as long as short
Bybit XAUTUSDTlong	+0.0019%	4h	4,320.8	long leg	$119.2M	$30.8M	75x
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.671%	$8K	$149K	30x	as long as short
SoDEX XAUT-USDshort	+0.0050%	1h	4,319.7	−0.026%	$10.1M	$2.1M	25x
Nado XAUT-PERP	+0.0100%	1h	4,320.3	−0.011%	$4.2M	$936K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,320.5	−0.007%	$35.4M	$47.5M	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	4,321.8	+0.023%	$11.6M	$3.1M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,320.3	−0.011%	—	$19.0M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,319.9	−0.021%	$1K	$112K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,320	−0.019%	$265	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,320	−0.020%	$1.8M	$367K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,324.5	+0.084%	$3K	$3.2M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,319	−0.041%	$1.8M	$251K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,319.5	−0.029%	$267K	$214K	25x	as long as short
BloFin XAUT-USDT	+0.0111%	4h	4,320.2	−0.014%	$2.3M	$1.6M	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0230%	1h	4,322	+0.027%	$5.7M	$4.9M	50x	as long as short