Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Gate against SoDEX+0.055%7-day average −0.016% · 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−$19as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on SoDEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.047%−$5 on $10k

Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.055%, 7d avg −0.016%

Together, before fees−0.192%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.072% dearer against SoDEX than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of −0.016%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XAUT-USD	4,337.5	0.0050	pay 0.0006% / 1h	30m 41s	$10.1M	$2.0M	25x
Short	Gate XAUT_USDT	4,339.9	0	get 0.0000% / 8h	3h 30m	$130.4M	$8.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.055%Rate

Funding earned: −$10.5
Price spread: +0.055% → −0.016%: $7.18
Slippage, 4 orders: −$2.78
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$29.11
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from SoDEX: live order book, 3 min ago; Gate: 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 SoDEX live order book, 3 min ago	0.12 bp	4.1 bp −$4	5.3 bp −$53	50.4 bp −$5,038	doesn't fit
Sell Gate live order book, 3 min ago	0.12 bp	9.4 bp −$9	13.3 bp −$133	21.1 bp −$2,108	50.3 bp −$25.2K

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	−0.0344%	1h	4,338.2	+0.017%	$56K	$29K	20x	as long as short
Bitget XAUTUSDT	−0.0044%	4h	4,337.6	+0.001%	$25.8M	$15.4M	75x	as long as short
Gate XAUT_USDTshort	0.0000%	8h	4,339.9	+0.055%	$130.4M	$8.2M	100x
Variational Omni XAUT	+0.0028%	4h	4,338.1	+0.014%	$33.0M	$3.5M	—	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.284%	$8K	$149K	30x	as long as short
SoDEX XAUT-USDlong	+0.0050%	1h	4,337.5	long leg	$10.1M	$2.0M	25x
Binance XAUTUSDT	+0.0055%	4h	4,338.2	+0.016%	$35.1M	$45.3M	75x	as long as short
Extended XAUT-USD	+0.0056%	1h	4,336.9	−0.013%	$272K	$215K	25x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,338.9	+0.032%	$4.2M	$911K	10x	as long as short
Bybit XAUTUSDT	+0.0100%	4h	4,338.4	+0.021%	$120.1M	$27.9M	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	4,338.6	+0.025%	$391.8M	$271.1M	1000x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,339.4	+0.044%	$11.5M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,338.7	+0.028%	—	$17.7M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,338.3	+0.018%	$308	$107K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,338.7	+0.028%	$267	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,339.3	+0.042%	$1.8M	$304K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,345.8	+0.192%	$3K	$3.3M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,337.8	+0.007%	$1.8M	$227K	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0138%	1h	4,340.1	+0.061%	$5.7M	$4.4M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,338.7	+0.028%	$2.3M	$1.6M	75x	as long as short