Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Nado against Orderly−0.008%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XAUT_USDC_mythos	4,306	0.0100	pay 0.0050% / 4h	3h 55m	$265	$17K	10x
Short	Nado XAUT-PERP	4,305.6	0.0100	get 0.0012% / 1h	55m 18s	$4.1M	$961K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Orderly. 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 OrderlybpFee NadobpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → 0.000%: −$0.81
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$13.81
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Nado: live order book, 4 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Nado live order book, 4 min ago	0.12 bp	4.3 bp −$4	6.8 bp −$68	444.6 bp −$44.5K	doesn't fit

Orderly: 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
Aftermath Perps XAUTUSD	−0.0229%	1h	4,306.1	+0.002%	$55K	$11K	20x	as long as short
Bitget XAUTUSDT	−0.0066%	4h	4,305.6	−0.009%	$27.4M	$20.6M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,308	+0.046%	$130.4M	$9.2M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+1.017%	$8K	$149K	30x	as long as short
Bybit XAUTUSDT	+0.0039%	4h	4,306.2	+0.005%	$118.4M	$31.7M	75x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,302.8	−0.074%	$10.1M	$2.1M	25x	as long as short
GRVT XAUT_USDT_Perp	+0.0070%	4h	4,303.2	−0.066%	$508	$110K	10x	as long as short
Variational Omni XAUT	+0.0083%	4h	4,304.6	−0.032%	$32.7M	$3.3M	—	as long as short
Nado XAUT-PERPshort	+0.0100%	1h	4,305.6	−0.008%	$4.1M	$961K	10x
Binance XAUTUSDT	+0.0100%	4h	4,306	0.000%	$35.8M	$47.8M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XAUT_USDT	+0.0100%	4h	4,305.9	−0.002%	$373.8M	$280.7M	1000x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,308.1	+0.048%	$12.0M	$3.3M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,305.7	−0.008%	—	$19.6M	—	as long as short
Orderly PERP_XAUT_USDC_mythoslong	+0.0100%	4h	4,306	long leg	$265	$17K	10x
Derive XAUT-PERP	+0.0100%	1h	4,306.3	+0.007%	$1.8M	$350K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,309.3	+0.077%	$3K	$3.0M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,304.9	−0.026%	$1.8M	$206K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,304.3	−0.041%	$265K	$198K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0291%	1h	4,308.5	+0.057%	$5.8M	$5.4M	50x	as long as short
BloFin XAUT-USDT	+0.0302%	4h	4,305.9	−0.002%	$2.3M	$1.6M	75x	as long as short