Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%
Price spread now: SoDEX against Nado+0.015%7-day average +0.049% · 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−$20as in the Price arb table
costs, in and out, $10k−$160.164% of the position
Funding, last 3 days (all we have)−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now +0.015%, 7d avg +0.049%
=Together, before fees+0.047%+ Points / potential airdropNado: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SoDEX is 0.034% cheaper against Nado than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.049%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado XAUT-PERP | 4,312.7 | 0.0100 | pay 0.0012% / 1h | 21m 00s | $4.1M | $926K | 10x |
| Short | SoDEX XAUT-USD | 4,313.4 | 0.0050 | get 0.0006% / 1h | 21m 00s | $10.1M | $2.1M | 25x |
Nado XAUT-PERP
SoDEX XAUT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.5
- Price spread: +0.015% → +0.049%
- −$3.44
- Slippage, 4 orders
- −$1.43
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$30.37
- Costs to cover
- 0.164%
- Break-even
- never at this rate
Slippage from Nado: live order book, 3 min ago; SoDEX: live order book, 3 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, 3 min ago | 0.12 bp | 3.6 bp −$4 | 5.8 bp −$58 | 722.9 bp −$72.3K | doesn't fit |
| Sell SoDEX live order book, 3 min ago | 0.12 bp | 4.1 bp −$4 | 4.7 bp −$47 | 42.8 bp −$4,284 | doesn't fit |
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 | −0.0203% | 1h | 4,314.3 | +0.036% | $55K | $11K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0004% | 4h | 4,311.7 | −0.025% | $26.6M | $19.0M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,314.8 | +0.048% | $131.3M | $8.8M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.859% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USDshort | +0.0050% | 1h | 4,313.4 | +0.015% | $10.1M | $2.1M | 25x | |
| Variational Omni XAUT | +0.0060% | 4h | 4,311.3 | −0.035% | $32.8M | $3.4M | — | as long as short |
| MEXC XAUT_USDT | +0.0092% | 4h | 4,313.2 | +0.010% | $371.7M | $284.2M | 1000x | as long as short |
| Bybit XAUTUSDT | +0.0093% | 4h | 4,313.1 | +0.008% | $119.0M | $31.4M | 75x | as long as short |
| Nado XAUT-PERPlong | +0.0100% | 1h | 4,312.7 | long leg | $4.1M | $926K | 10x | |
| Binance XAUTUSDT | +0.0100% | 4h | 4,312.7 | −0.002% | $35.5M | $48.1M | 75x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Injective XAUT/USDC PERP
Variational Omni XAUT
MEXC XAUT_USDT
Bybit XAUTUSDT
Binance XAUTUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,315.1 | +0.054% | $11.8M | $3.3M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,313.7 | +0.023% | — | $19.5M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,312.7 | −0.002% | $755 | $111K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,311.9 | −0.020% | $265 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,312.7 | −0.002% | $1.8M | $343K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,316.9 | +0.097% | $3K | $3.1M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,311.3 | −0.034% | $1.8M | $209K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,311.5 | −0.029% | $267K | $196K | 25x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0229% | 1h | 4,314.8 | +0.048% | $5.8M | $5.3M | 50x | as long as short |
| BloFin XAUT-USDT | +0.0333% | 4h | 4,312.8 | +0.001% | $2.3M | $1.5M | 75x | as long as short |
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
Extended XAUT-USD
Kraken Futures PF_XAUTUSD
BloFin XAUT-USDT