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

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.025%
Price spread now: Nado against Injective−0.700%109s7-day average −0.116% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.080%+$8 on $10k
Price spread, last 4 days (all we have)+0.466%+$47 · spread now −0.700%, 7d avg −0.116%
Together, before fees+0.547%+ Points / potential airdropNado: Active · farm board+$55 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.584% cheaper against Injective than usual: you would sell low and buy high (spread −0.700% now, against its 7-day average of −0.116%). If the spread goes back, that is −$58 on $10k: about 29 days of funding at the current rate (+$2 a day). The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective XAUT/USDC PERP4,349.80.0033pay 0.0004% / 1h23m 29s$8K$149K30x
ShortNado XAUT-PERP4,319.40.0100get 0.0012% / 1h23m 29s$4.2M$937K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Injective. 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

Funding earned
$14
Price spread: −0.700% → −0.116%
−$58.37
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$51.39
Costs to cover
0.070%
Break-even
32.7 days
Slippage unknown: Injective: no order-book sample; Nado: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Nado live order book, 5 min ago0.12 bp3.8 bp −$46.4 bp −$64doesn't fitdoesn't fit
Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps XAUTUSD−0.0228%1h4,319.9−0.688%$55K$11K20xas long as short
Bitget XAUTUSDT−0.0030%4h4,319.8−0.690%$25.5M$17.0M75xas long as short
Gate XAUT_USDT0.0000%8h4,321−0.662%$130.5M$8.7M100xas long as short
Variational Omni XAUT+0.0024%4h4,318.6−0.717%$32.9M$3.3Mas long as short
MEXC XAUT_USDT+0.0026%4h4,319.5−0.697%$361.4M$281.0M1000xas long as short
Bybit XAUTUSDT+0.0032%4h4,319.2−0.703%$119.2M$30.9M75xas long as short
Injective XAUT/USDC PERPlong+0.0033%1h4,349.8long leg$8K$149K30x
SoDEX XAUT-USD+0.0050%1h4,318.4−0.722%$10.1M$2.1M25xas long as short
Nado XAUT-PERPshort+0.0100%1h4,319.4−0.700%$4.2M$937K10x
Binance XAUTUSDT+0.0100%4h4,319.5−0.696%$35.4M$47.5M75xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XAUTUSDTM+0.0100%4h4,320.9−0.665%$11.6M$3.1M75xas long as short
BingX XAUT-USDT+0.0100%4h4,319.4−0.699%$18.9Mas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,319.4−0.698%$834$111K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,318.3−0.724%$265$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,320−0.686%$1.8M$367K10xas long as short
SunX XAUT-USDT+0.0100%4h4,324−0.594%$3K$3.2M20xas long as short
HTX XAUT-USDT+0.0100%4h4,317.3−0.747%$1.8M$251K75xas long as short
Extended XAUT-USD+0.0104%1h4,318.7−0.714%$267K$214K25xas long as short
BloFin XAUT-USDT+0.0115%4h4,319.8−0.690%$2.3M$1.6M75xas long as short
Kraken Futures PF_XAUTUSD+0.0230%1h4,320.8−0.666%$5.7M$4.9M50xas long as short