Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%

Price spread now: SoDEX against HTX−0.062%7-day average +0.086% · 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−$46as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on HTX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+0.245%+$25 · spread now −0.062%, 7d avg +0.086%

Together, before fees+0.192%+$19 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 0.148% cheaper against HTX than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.086%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAUT-USDT	4,333.1	0.0100	pay 0.0050% / 4h	1h 30m	$1.8M	$186K	75x
Short	SoDEX XAUT-USD	4,330.4	0.0050	get 0.0006% / 1h	30m 20s	$10.1M	$2.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against HTX. 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 HTXbpFee SoDEXbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$10.5
Price spread: −0.062% → +0.086%: −$14.8
Slippage, 4 orders: −$11.43
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$56.73
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from HTX: live order book, 2 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 HTX live order book, 2 min ago	0.01 bp	6.4 bp −$6	14.0 bp −$140	doesn't fit	doesn't fit
Sell SoDEX live order book, 2 min ago	0.12 bp	4.1 bp −$4	4.9 bp −$49	45.4 bp −$4,537	doesn't fit

XAUT on 19 exchanges

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	4,331.8	−0.031%	$56K	$11K	20x	as long as short
Bitget XAUTUSDT	−0.0136%	4h	4,331.4	−0.040%	$24.3M	$25.3M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,333.1	0.000%	$130.0M	$10.7M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.385%	$8K	$149K	30x	as long as short
SoDEX XAUT-USDshort	+0.0050%	1h	4,330.4	−0.062%	$10.1M	$2.2M	25x
Binance XAUTUSDT	+0.0094%	4h	4,331.3	−0.041%	$36.2M	$49.1M	75x	as long as short
Extended XAUT-USD	+0.0096%	1h	4,330	−0.072%	$274K	$215K	25x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,331.3	−0.042%	$4.2M	$900K	10x	as long as short
Bybit XAUTUSDT	+0.0100%	4h	4,331.8	−0.030%	$119.0M	$37.0M	75x	as long as short
MEXC XAUT_USDT	+0.0100%	4h	4,331.7	−0.032%	$394.5M	$306.8M	1000x	as long as short

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTM	+0.0100%	4h	4,332.3	−0.018%	$12.2M	$3.8M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,331.5	−0.036%	—	$20.9M	—	as long as short
Variational Omni XAUT	+0.0100%	4h	4,330.8	−0.052%	$33.1M	$3.3M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,331.6	−0.036%	$329	$108K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,330.5	−0.060%	$266	$17K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,336.2	+0.072%	$3K	$2.6M	20x	as long as short
HTX XAUT-USDTlong	+0.0100%	4h	4,333.1	long leg	$1.8M	$186K	75x
Kraken Futures PF_XAUTUSD	+0.0138%	1h	4,332.3	−0.019%	$6.0M	$5.9M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,331.5	−0.037%	$2.3M	$735K	75x	as long as short