Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0290%/8h= +31.8% APRpaid last 24h +0.064%

Price spread now: BloFin against SoDEX+0.053%7-day average −0.046% · 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−$11as in the Price arb table

costs, in and out, $10k−$200.205% of the position

Long on SoDEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.263%+$26 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.053%, 7d avg −0.046%

Together, before fees+0.149%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BloFin is 0.099% dearer against SoDEX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XAUT-USD	4,328.7	0.0050	pay 0.0006% / 1h	27m 15s	$10.1M	$2.2M	25x
Short	BloFin XAUT-USDT	4,331	0.0340	get 0.0170% / 4h	1h 27m	$2.3M	$731K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SoDEX. 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 SoDEXbpFee BloFinbpOrdersPrice spread, now +0.053%Rate

Funding earned: $60.9
Price spread: +0.053% → −0.046%: $9.88
Slippage, 4 orders: −$0.46
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $50.32
Costs to cover: 0.205%
Break-even: 1.2 days

Slippage from SoDEX: 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 SoDEX live order book, 5 min ago	0.12 bp	4.1 bp −$4	5.0 bp −$50	49.7 bp −$4,966	doesn't fit
Sell BloFin live order book, 4 min ago	0.12 bp	6.1 bp −$6	7.0 bp −$70	10.9 bp −$1,095	26.2 bp −$13.1K

XAUT on 19 exchanges

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	−0.0142%	1h	4,331.9	+0.073%	$56K	$11K	20x	as long as short
Bitget XAUTUSDT	−0.0136%	4h	4,331.4	+0.061%	$24.3M	$25.3M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,332.2	+0.081%	$130.0M	$10.7M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.487%	$8K	$149K	30x	as long as short
SoDEX XAUT-USDlong	+0.0050%	1h	4,328.7	long leg	$10.1M	$2.2M	25x
Binance XAUTUSDT	+0.0094%	4h	4,330	+0.030%	$36.2M	$49.1M	75x	as long as short
Extended XAUT-USD	+0.0096%	1h	4,328.7	0.000%	$274K	$215K	25x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,331.8	+0.070%	$4.2M	$900K	10x	as long as short
Bybit XAUTUSDT	+0.0100%	4h	4,330.6	+0.044%	$119.0M	$37.0M	75x	as long as short
MEXC XAUT_USDT	+0.0100%	4h	4,330.7	+0.046%	$394.8M	$307.3M	1000x	as long as short

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTM	+0.0100%	4h	4,332.5	+0.088%	$12.2M	$3.8M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,330.6	+0.044%	—	$20.9M	—	as long as short
Variational Omni XAUT	+0.0100%	4h	4,330.8	+0.049%	$33.1M	$3.3M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,331.4	+0.062%	$321	$108K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,330.6	+0.044%	$266	$17K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,336.7	+0.184%	$2K	$2.6M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,333.1	+0.102%	$1.8M	$183K	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0138%	1h	4,330.9	+0.051%	$6.0M	$5.9M	50x	as long as short
BloFin XAUT-USDTshort	+0.0340%	4h	4,331	+0.053%	$2.3M	$731K	75x