Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: KuCoin against SoDEX+0.117%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−$10as in the Price arb table

costs, in and out, $10k−$230.232% of the position

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.054%+$5 on $10k

Price spread, last 4 days (all we have)−0.263%−$26 · spread now +0.117%, 7d avg −0.016%

Together, before fees−0.209%−$21 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 KuCoin is 0.134% dearer against SoDEX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XAUT-USD	4,301.7	0.0050	pay 0.0006% / 1h	42m 54s	$10.1M	$2.1M	25x
Short	KuCoin XAUTUSDTM	4,306.8	0.0100	get 0.0050% / 4h	3h 42m	$12.0M	$3.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.117%Rate

Funding earned: $10.5
Price spread: +0.117% → −0.016%: $13.35
Slippage, 4 orders: −$3.24
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $0.61
Costs to cover: 0.232%
Break-even: 6.6 days

Slippage from SoDEX: live order book, 1 min ago; KuCoin: live order book, 6 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, 1 min ago	0.12 bp	4.1 bp −$4	5.0 bp −$50	48.2 bp −$4,819	doesn't fit
Sell KuCoin live order book, 6 min ago	0.31 bp	8.5 bp −$8	15.2 bp −$152	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	−0.0229%	1h	4,309.4	+0.180%	$55K	$11K	20x	as long as short
Bitget XAUTUSDT	−0.0080%	4h	4,303.7	+0.046%	$27.4M	$20.7M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,306.3	+0.107%	$130.1M	$9.3M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+1.118%	$8K	$149K	30x	as long as short
SoDEX XAUT-USDlong	+0.0050%	1h	4,301.7	long leg	$10.1M	$2.1M	25x
Variational Omni XAUT	+0.0085%	4h	4,311.7	+0.233%	$32.8M	$3.4M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,305.2	+0.080%	$4.1M	$965K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,304.3	+0.060%	$35.8M	$47.8M	75x	as long as short
Bybit XAUTUSDT	+0.0100%	4h	4,304.8	+0.072%	$118.5M	$31.8M	75x	as long as short
MEXC XAUT_USDT	+0.0100%	4h	4,304.7	+0.070%	$383.1M	$284.2M	1000x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTMshort	+0.0100%	4h	4,306.8	+0.117%	$12.0M	$3.3M	75x
BingX XAUT-USDT	+0.0100%	4h	4,305.4	+0.085%	—	$19.6M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,307.8	+0.141%	$302	$107K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,305.6	+0.091%	$264	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,305.6	+0.092%	$1.7M	$350K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,308.1	+0.148%	$2K	$3.0M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,303.2	+0.034%	$1.8M	$206K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,303.1	+0.033%	$265K	$198K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0291%	1h	4,306.3	+0.107%	$5.8M	$5.4M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,305.2	+0.081%	$2.3M	$1.7M	75x	as long as short