Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h +0.042%

Price spread now: BloFin against Nado+0.054%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$220.215% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.213%+$21 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.054%, 7d avg 0.000%

Together, before fees+0.183%+ Points / potential airdropNado: Active · farm board+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.053% dearer against Nado than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XAUT-PERP	4,321.3	0.0100	pay 0.0012% / 1h	13m 59s	$4.2M	$915K	10x
Short	BloFin XAUT-USDT	4,323.6	0.0106	get 0.0053% / 4h	2h 13m	$2.3M	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Nado. 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 NadobpFee BloFinbpOrdersPrice spread, now +0.054%Rate

Funding earned: $1.21
Price spread: +0.054% → 0.000%: $5.33
Slippage, 4 orders: −$2.52
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$14.98
Costs to cover: 0.215%
Break-even: 93.7 days

Slippage from Nado: live order book, 5 min ago; BloFin: live order book, 4 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 Nado live order book, 5 min ago	0.12 bp	4.3 bp −$4	7.1 bp −$71	695.2 bp −$69.5K	doesn't fit
Sell BloFin live order book, 4 min ago	0.46 bp	6.5 bp −$6	8.0 bp −$80	13.9 bp −$1,393	26.5 bp −$13.3K

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	−0.0314%	1h	4,325.2	+0.090%	$55K	$29K	20x	as long as short
Bitget XAUTUSDT	−0.0036%	4h	4,323	+0.040%	$25.6M	$16.7M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,325.8	+0.105%	$130.2M	$8.5M	100x	as long as short
Bybit XAUTUSDT	+0.0017%	4h	4,323	+0.040%	$118.2M	$29.9M	75x	as long as short
MEXC XAUT_USDT	+0.0026%	4h	4,323	+0.040%	$357.6M	$285.2M	1000x	as long as short
Variational Omni XAUT	+0.0033%	4h	4,324.2	+0.069%	$33.0M	$3.4M	—	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.660%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,322.8	+0.035%	$10.1M	$2.0M	25x	as long as short
BingX XAUT-USDT	+0.0098%	4h	4,323.6	+0.053%	—	$18.9M	—	as long as short
Nado XAUT-PERPlong	+0.0100%	1h	4,321.3	long leg	$4.2M	$915K	10x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XAUTUSDT	+0.0100%	4h	4,323.9	+0.061%	$35.2M	$47.1M	75x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,324.4	+0.072%	$11.7M	$3.0M	75x	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,324.1	+0.065%	$480	$109K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,324.6	+0.077%	$266	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,324.6	+0.077%	$1.8M	$305K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,327.8	+0.151%	$3K	$3.3M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,321.8	+0.013%	$1.8M	$244K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,322.8	+0.035%	$267K	$214K	25x	as long as short
BloFin XAUT-USDTshort	+0.0106%	4h	4,323.6	+0.054%	$2.3M	$1.6M	75x
Kraken Futures PF_XAUTUSD	+0.0168%	1h	4,325.5	+0.097%	$5.7M	$4.8M	50x	as long as short