Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Nado against Derive−0.011%48s7-day average −0.030% · you buy dearer than you sell

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

Long on Derive Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.011%, 7d avg −0.030%

Together, before fees−0.034%+ Points / potential airdropNado: Active · farm board−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive XAUT-PERP	4,340.1	0.0100	pay 0.0013% / 1h	46m 21s	$1.8M	$299K	10x
Short	Nado XAUT-PERP	4,339.6	0.0100	get 0.0012% / 1h	46m 21s	$4.2M	$911K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Derive. 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 DerivebpFee NadobpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → −0.030%: $1.91
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$11.09
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Nado: live order book, 3 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 Derive no order-book sample	—	—	—	—	—
Sell Nado live order book, 3 min ago	0.12 bp	4.3 bp −$4	7.3 bp −$73	doesn't fit	doesn't fit

Derive: 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 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	−0.0353%	1h	4,338.7	−0.032%	$56K	$29K	20x	as long as short
Bitget XAUTUSDT	−0.0046%	4h	4,339.4	−0.018%	$25.8M	$15.4M	75x	as long as short
Variational Omni XAUT	−0.0005%	4h	4,337.4	−0.063%	$33.0M	$3.5M	—	as long as short
Gate XAUT_USDT	0.0000%	8h	4,340.5	+0.008%	$130.2M	$8.1M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.223%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,338.9	−0.028%	$10.1M	$2.0M	25x	as long as short
Binance XAUTUSDT	+0.0055%	4h	4,339.4	−0.017%	$35.1M	$45.1M	75x	as long as short
Extended XAUT-USD	+0.0056%	1h	4,337.6	−0.059%	$272K	$215K	25x	as long as short
Nado XAUT-PERPshort	+0.0100%	1h	4,339.6	−0.011%	$4.2M	$911K	10x
Bybit XAUTUSDT	+0.0100%	4h	4,339.7	−0.009%	$120.1M	$27.9M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XAUT_USDT	+0.0100%	4h	4,339.6	−0.012%	$390.0M	$270.3M	1000x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,340.7	+0.013%	$11.5M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,339.3	−0.018%	—	$17.7M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,338.1	−0.048%	$807	$106K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,338.6	−0.035%	$267	$17K	10x	as long as short
Derive XAUT-PERPlong	+0.0100%	1h	4,340.1	long leg	$1.8M	$299K	10x
SunX XAUT-USDT	+0.0100%	4h	4,346.4	+0.145%	$3K	$3.3M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,335.7	−0.102%	$1.8M	$226K	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0138%	1h	4,341	+0.019%	$5.7M	$4.4M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,339.2	−0.022%	$2.3M	$1.6M	75x	as long as short