Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Nado against Derive−0.038%7-day average −0.030% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.003%$0 · spread now −0.038%, 7d avg −0.030%

Together, before fees−0.002%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive XAUT-PERP	4,351.2	0.0100	pay 0.0013% / 1h	34m 45s	$1.8M	$175K	10x
Short	Nado XAUT-PERP	4,349.5	0.0100	get 0.0012% / 1h	34m 45s	$4.2M	$975K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Derive. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DerivebpFee NadobpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → −0.030%: −$0.83
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$13.83
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Nado: live order book, 4 min ago. Net counts fees only.

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 Derive no order-book sample	—	—	—	—	—
Sell Nado live order book, 4 min ago	0.12 bp	4.2 bp −$4	6.9 bp −$69	doesn't fit	doesn't fit

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bitget XAUTUSDT	−0.0214%	4h	4,350.5	−0.015%	$26.2M	$14.7M	75x	as long as short
Aftermath Perps XAUTUSD	−0.0212%	1h	4,350.8	−0.008%	$56K	$33K	20x	as long as short
Kraken Futures PF_XAUTUSD	−0.0105%	1h	4,352.3	+0.027%	$5.3M	$3.5M	50x	as long as short
Injective XAUT/USDC PERP	−0.0039%	1h	4,339.7	−0.264%	$8K	$119K	30x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,352	+0.019%	$131.9M	$8.0M	100x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,351.4	+0.005%	$10.2M	$2.0M	25x	as long as short
Variational Omni XAUT	+0.0061%	4h	4,348.5	−0.060%	$33.2M	$3.3M	—	as long as short
MEXC XAUT_USDT	+0.0068%	4h	4,349.9	−0.029%	$339.2M	$281.7M	1000x	as long as short
Bybit XAUTUSDT	+0.0069%	4h	4,350	−0.027%	$120.6M	$27.0M	75x	as long as short
Nado XAUT-PERPshort	+0.0100%	1h	4,349.5	−0.038%	$4.2M	$975K	10x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XAUTUSDT	+0.0100%	4h	4,351	−0.005%	$35.4M	$45.4M	75x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,352	+0.019%	$11.5M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,350.1	−0.024%	—	$17.8M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,349.9	−0.028%	$561	$113K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,350.4	−0.018%	$267	$17K	10x	as long as short
Derive XAUT-PERPlong	+0.0100%	1h	4,351.2	long leg	$1.8M	$175K	10x
SunX XAUT-USDT	+0.0100%	4h	4,354.3	+0.071%	$2K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,347.1	−0.093%	$1.8M	$230K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,350.1	−0.024%	$272K	$217K	25x	as long as short
BloFin XAUT-USDT	+0.0277%	4h	4,349.4	−0.041%	$2.3M	$1.7M	75x	as long as short