Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.014%

Price spread now: HTX against SoDEX−0.013%7-day average −0.089% · 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−$25as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on SoDEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.051%+$5 on $10k

Price spread, last 4 days (all we have)−0.164%−$16 · spread now −0.013%, 7d avg −0.089%

Together, before fees−0.113%−$11 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 HTX is 0.076% dearer against SoDEX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XAUT-USD	4,317.3	0.0050	pay 0.0006% / 1h	49m 22s	$10.1M	$2.0M	25x
Short	HTX XAUT-USDT	4,316.7	0.0100	get 0.0050% / 4h	1h 49m	$1.8M	$250K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.013%Rate

Funding earned: $10.5
Price spread: −0.013% → −0.089%: $7.6
Slippage, 4 orders: −$12.21
Fee SoDEX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$14.12
Costs to cover: 0.322%
Break-even: 16.4 days

Slippage from SoDEX: live order book, 5 min ago; HTX: 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	4.8 bp −$48	47.3 bp −$4,732	doesn't fit
Sell HTX live order book, 4 min ago	1.77 bp	14.6 bp −$15	17.9 bp −$179	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	−0.0233%	1h	4,320.4	+0.072%	$55K	$29K	20x	as long as short
Bitget XAUTUSDT	−0.0038%	4h	4,318.8	+0.035%	$25.5M	$16.9M	75x	as long as short
MEXC XAUT_USDT	−0.0024%	4h	4,319.1	+0.042%	$363.0M	$277.1M	1000x	as long as short
Bybit XAUTUSDT	−0.0018%	4h	4,319	+0.039%	$118.3M	$30.1M	75x	as long as short
Variational Omni XAUT	−0.0001%	4h	4,316.6	−0.015%	$32.9M	$3.4M	—	as long as short
Gate XAUT_USDT	0.0000%	8h	4,321.3	+0.093%	$130.2M	$8.5M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.753%	$8K	$149K	30x	as long as short
SoDEX XAUT-USDlong	+0.0050%	1h	4,317.3	long leg	$10.1M	$2.0M	25x
Nado XAUT-PERP	+0.0100%	1h	4,317.4	+0.001%	$4.2M	$917K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,319.6	+0.054%	$35.2M	$47.5M	75x	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	4,321.2	+0.089%	$11.6M	$3.0M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,319.2	+0.045%	—	$19.0M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,318.1	+0.018%	$384	$111K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,319.4	+0.049%	$265	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,319.8	+0.058%	$1.8M	$367K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,321.7	+0.102%	$2K	$3.2M	20x	as long as short
HTX XAUT-USDTshort	+0.0100%	4h	4,316.7	−0.013%	$1.8M	$250K	75x
Extended XAUT-USD	+0.0104%	1h	4,318.6	+0.031%	$267K	$214K	25x	as long as short
BloFin XAUT-USDT	+0.0212%	4h	4,317.1	−0.005%	$2.3M	$1.6M	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0230%	1h	4,319.4	+0.049%	$5.7M	$4.8M	50x	as long as short