Settings8H · net · $10k
Funding arb · Price arb /

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h 0.000%
Price spread now: Kraken Futures against SoDEX+0.049%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$200.199% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.020%+$2 on $10k
Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.049%, 7d avg −0.026%
Together, before fees−0.090%−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.074% dearer against SoDEX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.026%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX XAUT-USD4,338.60.0050pay 0.0006% / 1h48m 19s$10.1M$2.0M25x
ShortKraken Futures PF_XAUTUSD4,340.70.0138get 0.0017% / 1h48m 19s$5.7M$4.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
$18.46
Price spread: +0.049% → −0.026%
$7.44
Slippage, 4 orders
−$1.92
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$5.98
Costs to cover
0.199%
Break-even
4.7 days
Slippage from SoDEX: live order book, 1 min ago; Kraken Futures: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX live order book, 1 min ago0.12 bp4.1 bp −$44.9 bp −$4946.5 bp −$4,650doesn't fit
Sell Kraken Futures live order book, 6 min ago0.46 bp5.7 bp −$67.2 bp −$7217.2 bp −$1,719doesn't fit

XAUT on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps XAUTUSD−0.0350%1h4,338.1−0.011%$56K$29K20xas long as short
Bitget XAUTUSDT−0.0048%4h4,338.8+0.005%$25.8M$15.4M75xas long as short
Variational Omni XAUT−0.0005%4h4,337.4−0.028%$33.0M$3.5Mas long as short
Gate XAUT_USDT0.0000%8h4,339.9+0.030%$130.2M$8.1M100xas long as short
Injective XAUT/USDC PERP+0.0033%1h4,349.8+0.258%$8K$149K30xas long as short
SoDEX XAUT-USDlong+0.0050%1h4,338.6long leg$10.1M$2.0M25x
Binance XAUTUSDT+0.0053%4h4,338.5−0.002%$35.1M$45.2M75xas long as short
Extended XAUT-USD+0.0056%1h4,337.2−0.031%$272K$215K25xas long as short
Nado XAUT-PERP+0.0100%1h4,339+0.008%$4.2M$912K10xas long as short
Bybit XAUTUSDT+0.0100%4h4,338.9+0.007%$120.1M$27.9M75xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC XAUT_USDT+0.0100%4h4,338.8+0.005%$390.0M$270.1M1000xas long as short
KuCoin XAUTUSDTM+0.0100%4h4,339.7+0.025%$11.5M$2.9M75xas long as short
BingX XAUT-USDT+0.0100%4h4,338.4−0.004%$17.7Mas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,337.8−0.017%$807$106K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,337.8−0.018%$266$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,339.7+0.026%$1.8M$299K10xas long as short
SunX XAUT-USDT+0.0100%4h4,343.4+0.111%$2K$3.3M20xas long as short
HTX XAUT-USDT+0.0100%4h4,335.7−0.067%$1.8M$226K75xas long as short
Kraken Futures PF_XAUTUSDshort+0.0138%1h4,340.7+0.049%$5.7M$4.4M50x
BloFin XAUT-USDT+0.0340%4h4,337.2−0.032%$2.3M$1.6M75xas long as short