Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.013%

Price spread now: Orderly against SoDEX+0.035%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.035% dearer against SoDEX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XAUT-USD	4,337.2	0.0050	pay 0.0006% / 1h	29m 28s	$10.1M	$2.0M	25x
Short	Orderly PERP_XAUT_USDC_mythos	4,338.7	0.0100	get 0.0050% / 4h	3h 29m	$267	$17K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.035%Rate

Funding earned: $10.5
Price spread: +0.035% → 0.000%: $3.46
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$0.04
Costs to cover: 0.140%
Break-even: 7.0 days

Slippage unknown: SoDEX: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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	5.3 bp −$53	50.4 bp −$5,038	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0340%	1h	4,338.5	+0.030%	$56K	$29K	20x	as long as short
Bitget XAUTUSDT	−0.0044%	4h	4,338	+0.017%	$25.8M	$15.4M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,340.1	+0.067%	$130.4M	$8.2M	100x	as long as short
Variational Omni XAUT	+0.0028%	4h	4,338.1	+0.021%	$33.0M	$3.5M	—	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.291%	$8K	$149K	30x	as long as short
SoDEX XAUT-USDlong	+0.0050%	1h	4,337.2	long leg	$10.1M	$2.0M	25x
Binance XAUTUSDT	+0.0056%	4h	4,338.8	+0.038%	$35.2M	$45.3M	75x	as long as short
Extended XAUT-USD	+0.0056%	1h	4,337.6	+0.009%	$272K	$215K	25x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,338.6	+0.032%	$4.2M	$912K	10x	as long as short
Bybit XAUTUSDT	+0.0100%	4h	4,338.5	+0.030%	$120.1M	$27.9M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XAUT_USDT	+0.0100%	4h	4,338.7	+0.035%	$391.8M	$271.1M	1000x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,339.3	+0.048%	$11.5M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,338.8	+0.037%	—	$17.7M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,338.2	+0.023%	$308	$107K	10x	as long as short
Orderly PERP_XAUT_USDC_mythosshort	+0.0100%	4h	4,338.7	+0.035%	$267	$17K	10x
Derive XAUT-PERP	+0.0100%	1h	4,338.7	+0.035%	$1.8M	$304K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,345	+0.179%	$3K	$3.3M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,337.8	+0.014%	$1.8M	$227K	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0138%	1h	4,340.1	+0.068%	$5.7M	$4.4M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,338.7	+0.035%	$2.3M	$1.6M	75x	as long as short