Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against Gate−0.041%7-day average +0.017% · 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−$31as in the Price arb table

costs, in and out, $10k−$250.251% of the position

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.041%, 7d avg +0.017%

Together, before fees+0.199%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.059% cheaper against Gate than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.017%). If the spread goes back, that is −$6 on $10k: about 3.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAUT_USDT	4,339.1	0	get 0.0000% / 8h	3h 56m	$130.1M	$8.1M	100x
Short	SoDEX XAUT-USD	4,337.3	0.0050	get 0.0006% / 1h	56m 02s	$10.1M	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Gate. 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 GatebpFee SoDEXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $10.5
Price spread: −0.041% → +0.017%: −$5.89
Slippage, 4 orders: −$2.06
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$20.44
Costs to cover: 0.251%
Break-even: 20.6 days

Slippage from Gate: live order book, 3 min ago; SoDEX: live order book, 3 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 Gate live order book, 3 min ago	0.12 bp	8.3 bp −$8	11.4 bp −$114	20.4 bp −$2,044	44.2 bp −$22.1K
Sell SoDEX live order book, 3 min ago	0.12 bp	4.1 bp −$4	4.8 bp −$48	41.4 bp −$4,145	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	−0.0341%	1h	4,340.8	+0.038%	$56K	$29K	20x	as long as short
Bitget XAUTUSDT	−0.0050%	4h	4,338	−0.024%	$25.8M	$15.4M	75x	as long as short
Variational Omni XAUT	−0.0011%	4h	4,338.1	−0.023%	$33.0M	$3.5M	—	as long as short
Gate XAUT_USDTlong	0.0000%	8h	4,339.1	long leg	$130.1M	$8.1M	100x
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.247%	$8K	$149K	30x	as long as short
Extended XAUT-USD	+0.0048%	1h	4,337.2	−0.044%	$272K	$215K	25x	as long as short
SoDEX XAUT-USDshort	+0.0050%	1h	4,337.3	−0.041%	$10.1M	$2.0M	25x
Binance XAUTUSDT	+0.0051%	4h	4,338.2	−0.020%	$35.0M	$45.3M	75x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,338.5	−0.014%	$4.2M	$912K	10x	as long as short
Bybit XAUTUSDT	+0.0100%	4h	4,338.2	−0.020%	$119.9M	$27.9M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XAUT_USDT	+0.0100%	4h	4,338.5	−0.014%	$390.1M	$269.7M	1000x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,339.5	+0.009%	$11.5M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,338.6	−0.013%	—	$17.8M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,342.1	+0.068%	$547	$108K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,338.5	−0.014%	$267	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,339.4	+0.008%	$1.8M	$299K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,344.9	+0.134%	$3K	$3.3M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,336.4	−0.062%	$1.8M	$226K	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0138%	1h	4,339.9	+0.019%	$5.7M	$4.6M	50x	as long as short
BloFin XAUT-USDT	+0.0316%	4h	4,341.8	+0.062%	$2.3M	$1.6M	75x	as long as short