Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.016%

Price spread now: Nado against Variational Omni+0.048%7-day average +0.018% · you sell dearer than you buy

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

Long on Variational Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.047%+$5 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.048%, 7d avg +0.018%

Together, before fees+0.025%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Nado is 0.030% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAUT	4,347.6	0.0069	pay 0.0035% / 4h	1h 37m	$33.2M	$3.3M	—
Short	Nado XAUT-PERP	4,349.6	0.0100	get 0.0012% / 1h	37m 22s	$4.2M	$977K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee NadobpOrdersPrice spread, now +0.048%Rate

Funding earned: $6.49
Price spread: +0.048% → +0.018%: $2.96
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $2.45
Costs to cover: 0.070%
Break-even: 4.4 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Nado: live order book, 2 min ago. 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 Variational Omni RFQ quote, 2 min ago	2.83 bp	doesn't fit	4.2 bp −$42	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	0.12 bp	4.2 bp −$4	6.9 bp −$69	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	−0.0221%	1h	4,350.4	+0.066%	$56K	$33K	20x	as long as short
Bitget XAUTUSDT	−0.0216%	4h	4,349.8	+0.051%	$26.2M	$14.7M	75x	as long as short
Kraken Futures PF_XAUTUSD	−0.0105%	1h	4,352.4	+0.112%	$5.3M	$3.5M	50x	as long as short
Injective XAUT/USDC PERP	−0.0039%	1h	4,339.7	−0.181%	$8K	$119K	30x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,351.8	+0.098%	$132.0M	$8.0M	100x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,351.9	+0.100%	$10.2M	$2.0M	25x	as long as short
Variational Omni XAUTlong	+0.0069%	4h	4,347.6	long leg	$33.2M	$3.3M	—
Bybit XAUTUSDT	+0.0073%	4h	4,349.6	+0.047%	$120.6M	$27.0M	75x	as long as short
MEXC XAUT_USDT	+0.0074%	4h	4,349.6	+0.047%	$339.2M	$281.6M	1000x	as long as short
Nado XAUT-PERPshort	+0.0100%	1h	4,349.6	+0.048%	$4.2M	$977K	10x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XAUTUSDT	+0.0100%	4h	4,350.6	+0.070%	$35.4M	$45.4M	75x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,352	+0.103%	$11.5M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,350.3	+0.063%	—	$17.8M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,350.2	+0.060%	$622	$114K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,350.4	+0.066%	$267	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,351.4	+0.088%	$1.8M	$175K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,355.3	+0.178%	$2K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,347.4	−0.004%	$1.8M	$230K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,349.8	+0.052%	$272K	$217K	25x	as long as short
BloFin XAUT-USDT	+0.0313%	4h	4,349.9	+0.054%	$2.4M	$1.7M	75x	as long as short