Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.024%

Price spread now: Orderly against Injective+0.223%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.223% dearer against Injective than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XAUT/USDC PERP	4,349.8	0.0033	pay 0.0004% / 1h	50m 48s	$8K	$149K	30x
Short	Orderly PERP_XAUT_USDC_mythos	4,359.5	0.0100	get 0.0050% / 4h	2h 50m	$268	$17K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Injective. 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 InjectivebpFee OrderlybpOrdersPrice spread, now +0.223%Rate

Funding earned: $14
Price spread: +0.223% → 0.000%: $22.3
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Orderly: 3 bp × 2 orders: −$6
Net: $30.28
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Orderly: no order-book sample. 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 Injective no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Injective and Orderly: 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
Aftermath Perps XAUTUSD	−0.0276%	1h	4,359.1	+0.214%	$56K	$30K	20x	as long as short
Bitget XAUTUSDT	−0.0042%	4h	4,361	+0.258%	$25.9M	$15.3M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,363.7	+0.320%	$130.8M	$8.1M	100x	as long as short
Injective XAUT/USDC PERPlong	+0.0033%	1h	4,349.8	long leg	$8K	$149K	30x
MEXC XAUT_USDT	+0.0044%	4h	4,360.7	+0.251%	$329.5M	$279.2M	1000x	as long as short
Bybit XAUTUSDT	+0.0045%	4h	4,360.9	+0.254%	$120.8M	$27.8M	75x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,363.4	+0.313%	$10.2M	$2.0M	25x	as long as short
Variational Omni XAUT	+0.0079%	4h	4,359.6	+0.225%	$33.1M	$3.5M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,359.9	+0.231%	$4.2M	$989K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,362.1	+0.282%	$35.4M	$46.8M	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	4,363.2	+0.309%	$11.4M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,361.3	+0.265%	—	$17.9M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,359.9	+0.232%	$523	$112K	10x	as long as short
Orderly PERP_XAUT_USDC_mythosshort	+0.0100%	4h	4,359.5	+0.223%	$268	$17K	10x
Derive XAUT-PERP	+0.0100%	1h	4,362.1	+0.284%	$1.9M	$252K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,366.8	+0.390%	$3K	$3.6M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,358.4	+0.197%	$1.9M	$232K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,362	+0.279%	$272K	$231K	25x	as long as short
BloFin XAUT-USDT	+0.0207%	4h	4,360.3	+0.241%	$2.3M	$1.6M	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0300%	1h	4,363.3	+0.309%	$5.3M	$4.0M	50x	as long as short