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

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0290%/8h= −31.8% APRpaid last 24h −0.065%
Price spread now: SoDEX against BloFin+0.025%56s7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$210.211% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.240%−$24 on $10k
Price spread, last 3 days (all we have)+0.061%+$6 · spread now +0.025%, 7d avg +0.051%
Together, before fees−0.180%−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and SoDEX is 0.026% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.051%). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin XAUT-USDT4,370.40.0340pay 0.0170% / 4h3h 47m$2.3M$1.7M75x
ShortSoDEX XAUT-USD4,371.50.0050get 0.0006% / 1h47m 31s$10.2M$2.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against BloFin. 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
−$60.9
Price spread: +0.025% → +0.051%
−$2.61
Slippage, 4 orders
−$1.12
Fee BloFin: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$84.63
Costs to cover
0.211%
Break-even
never at this rate
Slippage from BloFin: live order book, 6 min ago; SoDEX: live order book, 2 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 BloFin live order book, 6 min ago0.11 bp6.3 bp −$66.6 bp −$6610.8 bp −$1,079doesn't fit
Sell SoDEX live order book, 2 min ago0.11 bp4.1 bp −$45.1 bp −$5147.0 bp −$4,695doesn'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−0.0160%1h4,369.9−0.011%$56K$31K20xas long as short
Bitget XAUTUSDT−0.0062%4h4,368.3−0.047%$26.0M$15.3M75xas long as short
Gate XAUT_USDT0.0000%8h4,370.3−0.002%$131.7M$8.0M100xas long as short
Injective XAUT/USDC PERP+0.0033%1h4,349.8−0.471%$8K$149K30xas long as short
SoDEX XAUT-USDshort+0.0050%1h4,371.5+0.025%$10.2M$2.0M25x
Variational Omni XAUT+0.0081%4h4,368.1−0.053%$33.3M$3.4Mas long as short
Nado XAUT-PERP+0.0100%1h4,369.1−0.029%$4.2M$1.0M10xas long as short
Binance XAUTUSDT+0.0100%4h4,369−0.032%$35.6M$46.9M75xas long as short
Bybit XAUTUSDT+0.0100%4h4,369.4−0.023%$121.1M$27.7M75xas long as short
MEXC XAUT_USDT+0.0100%4h4,369.3−0.025%$340.5M$278.0M1000xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XAUTUSDTM+0.0100%4h4,371.1+0.015%$11.4M$2.9M75xas long as short
BingX XAUT-USDT+0.0100%4h4,369.5−0.022%$18.0Mas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,370.1−0.006%$323$115K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,370.8+0.009%$268$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,371.9+0.033%$1.9M$240K10xas long as short
SunX XAUT-USDT+0.0100%4h4,376.9+0.148%$2K$3.7M20xas long as short
HTX XAUT-USDT+0.0100%4h4,370−0.010%$1.9M$231K75xas long as short
Extended XAUT-USD+0.0104%1h4,368.1−0.053%$274K$231K25xas long as short
Kraken Futures PF_XAUTUSD+0.0118%1h4,372.5+0.049%$5.3M$4.0M50xas long as short
BloFin XAUT-USDTlong+0.0340%4h4,370.4long leg$2.3M$1.7M75x