Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.005%

Price spread now: GRVT against SoDEX−0.013%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$200.197% of the position

Long on SoDEX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 3 days (all we have)−0.113%−$11 · spread now −0.013%, 7d avg −0.068%

Together, before fees−0.083%+ Points / potential airdropGRVT: Active · farm board−$8 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 GRVT is 0.054% dearer against SoDEX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XAUT-USD	4,359.4	0.0050	pay 0.0006% / 1h	37m 19s	$10.2M	$2.0M	25x
Short	GRVT XAUT_USDT_Perp	4,358.8	0.0100	get 0.0050% / 4h	3h 37m	$554	$115K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.013%Rate

Funding earned: $10.5
Price spread: −0.013% → −0.068%: $5.42
Slippage, 4 orders: −$2.7
Fee SoDEX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$3.78
Costs to cover: 0.197%
Break-even: 9.5 days

Slippage from SoDEX: live order book, 2 min ago; GRVT: live order book, 34 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, 2 min ago	0.12 bp	4.1 bp −$4	5.0 bp −$50	46.2 bp −$4,623	doesn't fit
Sell GRVT live order book, 34 min ago	1.24 bp	5.7 bp −$6	doesn't fit	doesn't fit	doesn't fit

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	−0.0190%	1h	4,359.4	−0.001%	$56K	$31K	20x	as long as short
Bitget XAUTUSDT	−0.0058%	4h	4,356.9	−0.058%	$25.9M	$15.3M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,359.1	−0.007%	$131.3M	$8.1M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	−0.220%	$8K	$149K	30x	as long as short
SoDEX XAUT-USDlong	+0.0050%	1h	4,359.4	long leg	$10.2M	$2.0M	25x
Variational Omni XAUT	+0.0097%	4h	4,360.2	+0.018%	$33.3M	$3.4M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,358	−0.032%	$4.2M	$1.0M	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,357.9	−0.035%	$35.5M	$46.8M	75x	as long as short
Bybit XAUTUSDT	+0.0100%	4h	4,357.8	−0.037%	$120.9M	$27.8M	75x	as long as short
MEXC XAUT_USDT	+0.0100%	4h	4,357.9	−0.034%	$338.9M	$280.3M	1000x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTM	+0.0100%	4h	4,360.3	+0.021%	$11.4M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,357.8	−0.037%	—	$17.9M	—	as long as short
GRVT XAUT_USDT_Perpshort	+0.0100%	4h	4,358.8	−0.013%	$554	$115K	10x
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,358.2	−0.028%	$268	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,359.4	0.000%	$1.9M	$245K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,362.3	+0.067%	$3K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,357	−0.055%	$1.9M	$231K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,356.8	−0.060%	$274K	$231K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0118%	1h	4,360	+0.014%	$5.3M	$4.0M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,358.7	−0.016%	$2.3M	$1.7M	75x	as long as short