Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Derive against Nado+0.038%7-day average +0.030% · you sell dearer than you buy

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

Long on Nado Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.003%$0 · spread now +0.038%, 7d avg +0.030%

Together, before fees+0.002%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XAUT-PERP	4,349.5	0.0100	pay 0.0012% / 1h	34m 51s	$4.2M	$975K	10x
Short	Derive XAUT-PERP	4,351.2	0.0100	get 0.0013% / 1h	34m 51s	$1.8M	$175K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.030%: $0.83
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Derive: 3 bp × 2 orders: −$6
Net: −$12.17
Costs to cover: 0.130%
Break-even: 1250277373401363.0 days

Slippage unknown: Nado: live order book, 4 min ago; Derive: 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 Nado live order book, 4 min ago	0.12 bp	4.0 bp −$4	7.1 bp −$71	708.2 bp −$70.8K	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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
Bitget XAUTUSDT	−0.0216%	4h	4,349.7	+0.005%	$26.2M	$14.7M	75x	as long as short
Aftermath Perps XAUTUSD	−0.0212%	1h	4,350.8	+0.030%	$56K	$33K	20x	as long as short
Kraken Futures PF_XAUTUSD	−0.0105%	1h	4,352.3	+0.065%	$5.3M	$3.5M	50x	as long as short
Injective XAUT/USDC PERP	−0.0039%	1h	4,339.7	−0.225%	$8K	$119K	30x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,351.7	+0.050%	$131.9M	$8.0M	100x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,351.4	+0.044%	$10.2M	$2.0M	25x	as long as short
Variational Omni XAUT	+0.0061%	4h	4,348.5	−0.022%	$33.2M	$3.3M	—	as long as short
MEXC XAUT_USDT	+0.0068%	4h	4,349.5	0.000%	$339.1M	$281.7M	1000x	as long as short
Bybit XAUTUSDT	+0.0069%	4h	4,349.3	−0.005%	$120.6M	$27.0M	75x	as long as short
Nado XAUT-PERPlong	+0.0100%	1h	4,349.5	long leg	$4.2M	$975K	10x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XAUTUSDT	+0.0100%	4h	4,350.4	+0.020%	$35.4M	$45.4M	75x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,351.9	+0.054%	$11.5M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,349.9	+0.009%	—	$17.8M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,349.9	+0.010%	$561	$113K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,350.4	+0.021%	$267	$17K	10x	as long as short
Derive XAUT-PERPshort	+0.0100%	1h	4,351.2	+0.038%	$1.8M	$175K	10x
SunX XAUT-USDT	+0.0100%	4h	4,354.3	+0.110%	$2K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,347.1	−0.055%	$1.8M	$230K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,349.6	+0.002%	$272K	$217K	25x	as long as short
BloFin XAUT-USDT	+0.0277%	4h	4,349.4	−0.002%	$2.3M	$1.7M	75x	as long as short