Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0105%/8h= +11.5% APRpaid last 24h −0.002%

Price spread now: Gate against Kraken Futures−0.016%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.140%−$14 on $10k

Price spread, last 3 days (all we have)−0.012%−$1 · spread now −0.016%, 7d avg +0.011%

Together, before fees−0.152%−$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.026% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.011%). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.140%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XAUTUSD	4,360.4	−0.0105	get 0.0013% / 1h	8m 39s	$5.3M	$3.5M	50x
Short	Gate XAUT_USDT	4,359.7	0	get 0.0000% / 8h	1h 08m	$132.0M	$8.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Kraken Futures. 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 Kraken FuturesbpFee GatebpOrdersPrice spread, now −0.016%Rate

Funding earned: $22.04
Price spread: −0.016% → +0.011%: −$2.63
Slippage, 4 orders: −$5.38
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$10.97
Costs to cover: 0.304%
Break-even: 10.5 days

Slippage from Kraken Futures: live order book, 5 min ago; Gate: live order book, 5 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 Kraken Futures live order book, 5 min ago	0.46 bp	6.9 bp −$7	8.1 bp −$81	16.2 bp −$1,620	doesn't fit
Sell Gate live order book, 5 min ago	0.12 bp	8.0 bp −$8	10.7 bp −$107	20.5 bp −$2,053	54.6 bp −$27.3K

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	−0.0202%	1h	4,355.1	−0.121%	$56K	$32K	20x	as long as short
Bitget XAUTUSDT	−0.0180%	4h	4,358.5	−0.043%	$26.3M	$14.8M	75x	as long as short
Kraken Futures PF_XAUTUSDlong	−0.0105%	1h	4,360.4	long leg	$5.3M	$3.5M	50x
Injective XAUT/USDC PERP	−0.0039%	1h	4,349.8	−0.243%	$8K	$149K	30x	as long as short
Gate XAUT_USDTshort	0.0000%	8h	4,359.7	−0.016%	$132.0M	$8.1M	100x
MEXC XAUT_USDT	+0.0050%	4h	4,357.8	−0.059%	$345.5M	$285.8M	1000x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,359.8	−0.013%	$10.2M	$2.0M	25x	as long as short
Bybit XAUTUSDT	+0.0052%	4h	4,357.7	−0.061%	$120.8M	$27.0M	75x	as long as short
Variational Omni XAUT	+0.0054%	4h	4,354.2	−0.143%	$33.2M	$3.3M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,357.5	−0.067%	$4.2M	$985K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XAUTUSDT	+0.0100%	4h	4,359.2	−0.027%	$35.5M	$45.7M	75x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,360	−0.009%	$11.4M	$3.0M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,357.8	−0.058%	—	$17.8M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,353.1	−0.167%	$540	$111K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,357.8	−0.059%	$268	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,359.4	−0.022%	$1.8M	$179K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,363.2	+0.064%	$3K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,354	−0.146%	$1.9M	$231K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,358.3	−0.048%	$272K	$217K	25x	as long as short
BloFin XAUT-USDT	+0.0198%	4h	4,357	−0.078%	$2.3M	$1.7M	75x	as long as short