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

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.014%
Price spread now: Kraken Futures against SunX−0.074%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$760.765% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.065%−$6 on $10k
Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.074%, 7d avg −0.078%
Together, before fees−0.054%−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.078%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX XAUT-USDT4,338.10.0100pay 0.0050% / 4h2h 36m$3K$3.2M20x
ShortKraken Futures PF_XAUTUSD4,334.80.0168get 0.0021% / 1h36m 05s$5.6M$4.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against SunX. 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
$14.18
Price spread: −0.074% → −0.078%
$0.38
Slippage, 4 orders
−$58.48
Fee SunX: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$61.92
Costs to cover
0.765%
Break-even
37.6 days
Slippage from SunX: live order book, 12 min ago; Kraken Futures: live order book, 3 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 SunX live order book, 12 min ago21.52 bp25.5 bp −$2654.6 bp −$546doesn't fitdoesn't fit
Sell Kraken Futures live order book, 3 min ago0.12 bp7.3 bp −$77.7 bp −$7716.0 bp −$1,599doesn'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−0.0319%1h4,341.3+0.074%$56K$29K20xas long as short
Bitget XAUTUSDT−0.0036%4h4,333−0.118%$25.9M$16.2M75xas long as short
Gate XAUT_USDT0.0000%8h4,335.1−0.068%$130.1M$8.1M100xas long as short
Injective XAUT/USDC PERP+0.0033%1h4,349.8+0.271%$8K$149K30xas long as short
Variational Omni XAUT+0.0046%4h4,345.2+0.165%$33.1M$3.4Mas long as short
SoDEX XAUT-USD+0.0050%1h4,331.4−0.154%$10.1M$2.0M25xas long as short
Bybit XAUTUSDT+0.0083%4h4,333.1−0.114%$120.3M$27.9M75xas long as short
MEXC XAUT_USDT+0.0084%4h4,333−0.117%$389.4M$270.5M1000xas long as short
Extended XAUT-USD+0.0088%1h4,331.5−0.151%$268K$214K25xas long as short
Binance XAUTUSDT+0.0091%4h4,333.4−0.107%$35.2M$45.4M75xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XAUT-USDT+0.0092%4h4,333.4−0.108%$17.7Mas long as short
Nado XAUT-PERP+0.0100%1h4,335.7−0.055%$4.2M$888K10xas long as short
KuCoin XAUTUSDTM+0.0100%4h4,335−0.071%$11.5M$2.9M75xas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,339.7+0.038%$1K$105K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,332.8−0.121%$266$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,333.6−0.102%$1.8M$304K10xas long as short
SunX XAUT-USDTlong+0.0100%4h4,338.1long leg$3K$3.2M20x
HTX XAUT-USDT+0.0100%4h4,334.7−0.077%$1.8M$236K75xas long as short
Kraken Futures PF_XAUTUSDshort+0.0168%1h4,334.8−0.074%$5.6M$4.6M50x
BloFin XAUT-USDT+0.0326%4h4,336.2−0.043%$2.3M$1.6M75xas long as short