Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h +0.002%

Price spread now: MEXC against SoDEX−0.037%7-day average −0.060% · 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−$11as in the Price arb table

costs, in and out, $10k−$130.129% of the position

Long on SoDEX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.059%−$6 · spread now −0.037%, 7d avg −0.060%

Together, before fees−0.058%−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.024% dearer against SoDEX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XAUT-USD	4,363.1	0.0050	pay 0.0006% / 1h	21m 17s	$10.2M	$2.0M	25x
Short	MEXC XAUT_USDT	4,361.5	0.0044	get 0.0022% / 4h	21m 17s	$341.8M	$279.5M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$1.26
Price spread: −0.037% → −0.060%: $2.38
Slippage, 4 orders: −$0.92
Fee SoDEX: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$11.8
Costs to cover: 0.129%
Break-even: never at this rate

Slippage from SoDEX: live order book, 3 min ago; MEXC: 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	4.8 bp −$48	45.5 bp −$4,548	doesn't fit
Sell MEXC live order book, 3 min ago	0.34 bp	2.3 bp −$2	2.4 bp −$24	5.5 bp −$554	26.3 bp −$13.2K

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	−0.0158%	1h	4,360.9	−0.050%	$56K	$32K	20x	as long as short
Bitget XAUTUSDT	−0.0108%	4h	4,361.5	−0.036%	$26.2M	$15.0M	75x	as long as short
Injective XAUT/USDC PERP	−0.0055%	1h	4,349.8	−0.305%	$8K	$149K	30x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,363.6	+0.011%	$131.7M	$8.0M	100x	as long as short
Bybit XAUTUSDT	+0.0043%	4h	4,362.1	−0.024%	$120.9M	$27.4M	75x	as long as short
MEXC XAUT_USDTshort	+0.0044%	4h	4,361.5	−0.037%	$341.8M	$279.5M	1000x
SoDEX XAUT-USDlong	+0.0050%	1h	4,363.1	long leg	$10.2M	$2.0M	25x
Variational Omni XAUT	+0.0058%	4h	4,360.9	−0.051%	$33.3M	$3.4M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,362.1	−0.023%	$4.2M	$995K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,361.8	−0.029%	$35.5M	$46.3M	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	4,364.3	+0.028%	$11.4M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,362.1	−0.024%	—	$17.9M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,359.8	−0.075%	$719	$114K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,361.8	−0.030%	$268	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,363.5	+0.010%	$1.9M	$209K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,369.5	+0.146%	$3K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,359.8	−0.077%	$1.9M	$232K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,361	−0.048%	$272K	$231K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0105%	1h	4,364	+0.020%	$5.3M	$3.6M	50x	as long as short
BloFin XAUT-USDT	+0.0184%	4h	4,361.6	−0.034%	$2.3M	$1.7M	75x	as long as short