Settings8H · net · $10k
Funding arb · Price arb /

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h +0.002%
Price spread now: SunX against Kraken Futures+0.096%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$770.772% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.057%+$6 on $10k
Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.096%, 7d avg +0.079%
Together, before fees+0.025%+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.079%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.057%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_XAUTUSD4,315.30.0134pay 0.0017% / 1h47m 57s$5.9M$5.9M50x
ShortSunX XAUT-USDT4,319.50.0100get 0.0050% / 4h47m 57s$3K$2.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
−$7.06
Price spread: +0.096% → +0.079%
$1.78
Slippage, 4 orders
−$59.18
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$82.47
Costs to cover
0.772%
Break-even
never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; SunX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 4 min ago0.23 bp6.5 bp −$77.9 bp −$7916.7 bp −$1,673doesn't fit
Sell SunX live order book, 3 min ago21.51 bp38.4 bp −$3868.0 bp −$680doesn't fitdoesn't fit

XAUT on 20 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XAUTUSDT−0.0128%4h4,315.1−0.005%$24.3M$25.2M75xas long as short
Aftermath Perps XAUTUSD−0.0072%1h4,318.7+0.079%$55K$7K20xas long as short
Gate XAUT_USDT0.0000%8h4,316.6+0.030%$130.0M$10.7M100xas long as short
Injective XAUT/USDC PERP+0.0033%1h4,349.8+0.799%$8K$149K30xas long as short
SoDEX XAUT-USD+0.0050%1h4,313.1−0.051%$10.1M$2.2M25xas long as short
Extended XAUT-USD+0.0096%1h4,313.8−0.035%$274K$211K25xas long as short
Binance XAUTUSDT+0.0097%4h4,315.4+0.002%$36.1M$48.4M75xas long as short
Variational Omni XAUT+0.0100%4h4,317+0.039%$33.0M$3.1Mas long as short
Nado XAUT-PERP+0.0100%1h4,316+0.017%$4.1M$899K10xas long as short
Bybit XAUTUSDT+0.0100%4h4,315.4+0.002%$118.7M$37.7M75xas long as short
Show all 20 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC XAUT_USDT+0.0100%4h4,315.6+0.007%$393.3M$296.0M1000xas long as short
KuCoin XAUTUSDTM+0.0100%4h4,315.9+0.014%$12.3M$3.7M75xas long as short
BingX XAUT-USDT+0.0100%4h4,314.9−0.009%$21.0Mas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,318.9+0.082%$730$109K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,314−0.030%$265$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,316+0.015%$1.8M$435K10xas long as short
SunX XAUT-USDTshort+0.0100%4h4,319.5+0.096%$3K$2.5M20x
HTX XAUT-USDT+0.0100%4h4,319.2+0.089%$1.8M$180K75xas long as short
Kraken Futures PF_XAUTUSDlong+0.0134%1h4,315.3long leg$5.9M$5.9M50x
BloFin XAUT-USDT+0.0340%4h4,313−0.053%$2.3M$732K75xas long as short