Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0024%/8h= −2.7% APRpaid last 24h −0.016%

Price spread now: Variational Omni against Extended+0.003%7-day average +0.020% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.246%+$25 · spread now +0.003%, 7d avg +0.020%

Together, before fees+0.229%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAUT-USD	4,337.6	0.0056	pay 0.0007% / 1h	23m 57s	$272K	$215K	25x
Short	Variational Omni XAUT	4,337.7	0.0032	get 0.0016% / 4h	3h 23m	$33.0M	$3.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.003%Rate

Funding earned: −$5.12
Price spread: +0.003% → +0.020%: −$1.65
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$11.78
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 28 min ago; Variational Omni: RFQ quote, just now. 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 Extended live order book, 28 min ago	0.12 bp	2.8 bp −$3	6.3 bp −$63	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	2.82 bp	doesn't fit	3.7 bp −$37	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	−0.0332%	1h	4,338.3	+0.017%	$56K	$29K	20x	as long as short
Bitget XAUTUSDT	−0.0044%	4h	4,338.6	+0.024%	$25.9M	$15.5M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,339.5	+0.044%	$130.4M	$8.2M	100x	as long as short
Variational Omni XAUTshort	+0.0032%	4h	4,337.7	+0.003%	$33.0M	$3.5M	—
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.281%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,337.3	−0.007%	$10.1M	$2.0M	25x	as long as short
Extended XAUT-USDlong	+0.0056%	1h	4,337.6	long leg	$272K	$215K	25x
Binance XAUTUSDT	+0.0060%	4h	4,338.8	+0.028%	$35.2M	$45.2M	75x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,338.5	+0.021%	$4.2M	$906K	10x	as long as short
Bybit XAUTUSDT	+0.0100%	4h	4,339	+0.033%	$120.3M	$28.0M	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	4,338.6	+0.023%	$392.6M	$271.4M	1000x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,339.8	+0.051%	$11.5M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,338.7	+0.026%	—	$17.7M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,338.2	+0.015%	$308	$107K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,338.3	+0.016%	$267	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,339	+0.033%	$1.8M	$304K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,344.9	+0.168%	$3K	$3.3M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,337.6	+0.001%	$1.8M	$228K	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0138%	1h	4,340.2	+0.060%	$5.7M	$4.4M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,338.6	+0.023%	$2.3M	$1.6M	75x	as long as short