Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.002%

Price spread now: Bybit against SoDEX+0.029%7-day average −0.044% · 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−$12as in the Price arb table

costs, in and out, $10k−$190.195% of the position

Long on SoDEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.029%, 7d avg −0.044%

Together, before fees−0.125%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.073% dearer against SoDEX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XAUT-USD	4,320.9	0.0050	pay 0.0006% / 1h	11m 10s	$10.1M	$2.2M	25x
Short	Bybit XAUTUSDT	4,322.2	0.0100	get 0.0050% / 4h	11m 10s	$119.2M	$38.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.029%Rate

Funding earned: $10.5
Price spread: +0.029% → −0.044%: $7.35
Slippage, 4 orders: −$0.46
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1.62
Costs to cover: 0.195%
Break-even: 8.1 days

Slippage from SoDEX: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago	0.12 bp	4.1 bp −$4	5.0 bp −$50	51.8 bp −$5,180	doesn't fit
Sell Bybit live order book, 1 min ago	0.12 bp	5.6 bp −$6	6.4 bp −$64	15.4 bp −$1,535	doesn't fit

XAUT on 20 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
Bitget XAUTUSDT	−0.0084%	4h	4,321.9	+0.022%	$24.3M	$25.5M	75x	as long as short
Aftermath Perps XAUTUSD	−0.0065%	1h	4,320.2	−0.017%	$55K	$7K	20x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,323.8	+0.067%	$130.6M	$10.9M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.669%	$8K	$149K	30x	as long as short
SoDEX XAUT-USDlong	+0.0050%	1h	4,320.9	long leg	$10.1M	$2.2M	25x
Nado XAUT-PERP	+0.0100%	1h	4,321.3	+0.010%	$4.1M	$889K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,322.3	+0.032%	$36.3M	$47.0M	75x	as long as short
Bybit XAUTUSDTshort	+0.0100%	4h	4,322.2	+0.029%	$119.2M	$38.4M	75x
MEXC XAUT_USDT	+0.0100%	4h	4,322.2	+0.030%	$407.8M	$300.6M	1000x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,323.4	+0.057%	$12.3M	$3.7M	75x	as long as short

Show all 20 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XAUT-USDT	+0.0100%	4h	4,322.2	+0.029%	—	$21.0M	—	as long as short
Variational Omni XAUT	+0.0100%	4h	4,319.6	−0.030%	$33.0M	$3.0M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,319.3	−0.038%	$652	$106K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,321.1	+0.005%	$265	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,323.3	+0.055%	$1.8M	$435K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,326.6	+0.132%	$2K	$2.3M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,317.1	−0.089%	$1.8M	$170K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,320.5	−0.010%	$274K	$254K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0133%	1h	4,323.2	+0.054%	$5.9M	$6.0M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,320.4	−0.012%	$2.3M	$722K	75x	as long as short