Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SunX against SoDEX+0.087%7-day average +0.047% · 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−$68as in the Price arb table

costs, in and out, $10k−$720.721% of the position

Long on SoDEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.046%+$5 on $10k

Price spread, last 3 days (all we have)−0.083%−$8 · spread now +0.087%, 7d avg +0.047%

Together, before fees−0.037%−$4 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 SunX is 0.039% dearer against SoDEX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XAUT-USD	4,372.7	0.0050	pay 0.0006% / 1h	54m 57s	$10.2M	$2.0M	25x
Short	SunX XAUT-USDT	4,376.5	0.0100	get 0.0050% / 4h	3h 54m	$2K	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.087%Rate

Funding earned: $10.5
Price spread: +0.087% → +0.047%: $3.93
Slippage, 4 orders: −$56.14
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$57.71
Costs to cover: 0.721%
Break-even: 45.5 days

Slippage from SoDEX: live order book, 4 min ago; SunX: 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, 4 min ago	0.11 bp	4.1 bp −$4	5.2 bp −$52	47.3 bp −$4,728	doesn't fit
Sell SunX live order book, 3 min ago	21.51 bp	38.4 bp −$38	68.0 bp −$680	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	−0.0145%	1h	4,368.8	−0.089%	$56K	$31K	20x	as long as short
Bitget XAUTUSDT	−0.0070%	4h	4,371.6	−0.025%	$26.1M	$15.3M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,372.1	−0.014%	$131.7M	$7.9M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	−0.524%	$8K	$149K	30x	as long as short
SoDEX XAUT-USDlong	+0.0050%	1h	4,372.7	long leg	$10.2M	$2.0M	25x
Bybit XAUTUSDT	+0.0080%	4h	4,371.4	−0.029%	$121.1M	$27.7M	75x	as long as short
Variational Omni XAUT	+0.0084%	4h	4,371.3	−0.033%	$33.4M	$3.4M	—	as long as short
MEXC XAUT_USDT	+0.0090%	4h	4,371.4	−0.030%	$340.9M	$276.1M	1000x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,369.7	−0.068%	$4.2M	$1.0M	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,371.9	−0.019%	$35.7M	$46.8M	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	4,373	+0.007%	$11.4M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,370.6	−0.048%	—	$18.0M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,372.5	−0.004%	$835	$116K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,370.4	−0.053%	$268	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,372.6	−0.002%	$1.9M	$240K	10x	as long as short
SunX XAUT-USDTshort	+0.0100%	4h	4,376.5	+0.087%	$2K	$3.7M	20x
HTX XAUT-USDT	+0.0100%	4h	4,363.4	−0.212%	$1.9M	$232K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,371	−0.040%	$274K	$231K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0118%	1h	4,373.3	+0.014%	$5.3M	$3.9M	50x	as long as short
BloFin XAUT-USDT	+0.0332%	4h	4,370.5	−0.050%	$2.3M	$1.7M	75x	as long as short