Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%
Price spread now: Derive against SoDEX−0.012%181s7-day average −0.021% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.054%+$5 on $10k
+Price spread, last 4 days (all we have)−0.063%−$6 · spread now −0.012%, 7d avg −0.021%
=The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 181 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX XAUT-USD | 4,320.5 | 0.0050 | pay 0.0006% / 1h | 33m 24s | $10.1M | $2.1M | 25x |
| Short | Derive XAUT-PERP | 4,320 | 0.0100 | get 0.0013% / 1h | 33m 24s | $1.8M | $367K | 10x |
SoDEX XAUT-USD
Derive XAUT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against SoDEX. 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: −0.012% → −0.021%
- $0.87
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$2.63
- Costs to cover
- 0.140%
- Break-even
- 8.8 days
Slippage unknown: SoDEX: live order book, 1 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 SoDEX live order book, 1 min ago | 0.12 bp | 4.1 bp −$4 | 5.0 bp −$50 | 51.3 bp −$5,129 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps XAUTUSD | −0.0257% | 1h | 4,320.4 | −0.003% | $55K | $29K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0032% | 4h | 4,320.8 | +0.008% | $25.5M | $17.0M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,322.6 | +0.049% | $130.3M | $8.7M | 100x | as long as short |
| MEXC XAUT_USDT | +0.0008% | 4h | 4,320.8 | +0.007% | $361.6M | $279.6M | 1000x | as long as short |
| Variational Omni XAUT | +0.0008% | 4h | 4,317.8 | −0.063% | $32.9M | $3.4M | — | as long as short |
| Bybit XAUTUSDT | +0.0014% | 4h | 4,320.9 | +0.009% | $119.2M | $30.8M | 75x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.678% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USDlong | +0.0050% | 1h | 4,320.5 | long leg | $10.1M | $2.1M | 25x | |
| Nado XAUT-PERP | +0.0100% | 1h | 4,321 | +0.011% | $4.2M | $936K | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,321 | +0.012% | $35.3M | $47.5M | 75x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
MEXC XAUT_USDT
Variational Omni XAUT
Bybit XAUTUSDT
Injective XAUT/USDC PERP
Nado XAUT-PERP
Binance XAUTUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,321.9 | +0.031% | $11.6M | $3.1M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,320.7 | +0.003% | — | $18.9M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,319.9 | −0.014% | $1K | $112K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,320.3 | −0.005% | $265 | $17K | 10x | as long as short |
| Derive XAUT-PERPshort | +0.0100% | 1h | 4,320 | −0.012% | $1.8M | $367K | 10x | |
| SunX XAUT-USDT | +0.0100% | 4h | 4,325.1 | +0.107% | $3K | $3.2M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,317.4 | −0.072% | $1.8M | $250K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,320 | −0.011% | $267K | $214K | 25x | as long as short |
| BloFin XAUT-USDT | +0.0111% | 4h | 4,320.2 | −0.007% | $2.3M | $1.6M | 75x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0230% | 1h | 4,322.8 | +0.052% | $5.7M | $4.9M | 50x | as long as short |
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
SunX XAUT-USDT
HTX XAUT-USDT
Extended XAUT-USD
BloFin XAUT-USDT
Kraken Futures PF_XAUTUSD