Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0267%/8h= +29.2% APRpaid last 24h +0.078%

Price spread now: Variational Omni against Aftermath Perps−0.042%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.042% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 12 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XAUTUSD	4,329.7	−0.0190	get 0.0024% / 1h	58m 29s	$56K	$11K	20x
Short	Variational Omni XAUT	4,327.9	0.0076	get 0.0038% / 4h	2h 58m	$33.1M	$3.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aftermath Perps. 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 Aftermath PerpsbpFee Variational OmnibpOrdersPrice spread, now −0.042%Rate

Funding earned: $56.04
Price spread: −0.042% → 0.000%: −$4.15
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $42.89
Costs to cover: 0.090%
Break-even: 1.6 days

Slippage unknown: Aftermath Perps: no order-book sample; Variational Omni: RFQ quote, 1 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 1 min ago	2.82 bp	doesn't fit	3.5 bp −$35	doesn't fit	doesn't fit

Aftermath Perps: 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 19 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 XAUTUSDlong	−0.0190%	1h	4,329.7	long leg	$56K	$11K	20x
Bitget XAUTUSDT	−0.0120%	4h	4,327.1	−0.062%	$27.1M	$22.4M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,329.3	−0.010%	$130.8M	$10.0M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.463%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,328.6	−0.026%	$10.1M	$2.1M	25x	as long as short
Variational Omni XAUTshort	+0.0076%	4h	4,327.9	−0.042%	$33.1M	$3.7M	—
Nado XAUT-PERP	+0.0100%	1h	4,327.9	−0.043%	$4.2M	$963K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,328	−0.040%	$36.2M	$49.3M	75x	as long as short
Bybit XAUTUSDT	+0.0100%	4h	4,327.4	−0.055%	$118.7M	$34.4M	75x	as long as short
MEXC XAUT_USDT	+0.0100%	4h	4,327.3	−0.057%	$353.7M	$289.8M	1000x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTM	+0.0100%	4h	4,330.5	+0.016%	$12.0M	$3.7M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,327.7	−0.048%	—	$20.6M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,328.6	−0.027%	$1K	$110K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,327.7	−0.047%	$266	$17K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,335.3	+0.128%	$2K	$2.9M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,327.9	−0.042%	$1.8M	$201K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,327.9	−0.044%	$274K	$206K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0174%	1h	4,330.1	+0.008%	$5.7M	$5.6M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,328.1	−0.038%	$2.3M	$814K	75x	as long as short