Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.023%

Price spread now: Orderly against Injective−0.752%118s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.752% cheaper against Injective than usual: you would sell low and buy high (spread −0.752% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$75 on $10k: about 38 days of funding at the current rate (+$2 a day). The two prices were read 118 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XAUT/USDC PERP	4,349.8	0.0033	pay 0.0004% / 1h	47m 22s	$8K	$149K	30x
Short	Orderly PERP_XAUT_USDC_mythos	4,317.1	0.0100	get 0.0050% / 4h	1h 47m	$265	$17K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Injective. 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 InjectivebpFee OrderlybpOrdersPrice spread, now −0.752%Rate

Funding earned: $14
Price spread: −0.752% → 0.000%: −$75.18
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$67.2
Costs to cover: 0.060%
Break-even: 40.6 days

Slippage unknown: Injective: no order-book sample; Orderly: no order-book sample. 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 Injective no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Injective and Orderly: 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	−0.0233%	1h	4,320.1	−0.682%	$55K	$29K	20x	as long as short
Bitget XAUTUSDT	−0.0038%	4h	4,316.8	−0.760%	$25.4M	$16.9M	75x	as long as short
Bybit XAUTUSDT	−0.0021%	4h	4,317.2	−0.749%	$118.3M	$30.2M	75x	as long as short
MEXC XAUT_USDT	−0.0020%	4h	4,316.9	−0.756%	$362.7M	$277.6M	1000x	as long as short
Variational Omni XAUT	−0.0001%	4h	4,316.6	−0.762%	$32.9M	$3.4M	—	as long as short
Gate XAUT_USDT	0.0000%	8h	4,318.9	−0.710%	$130.2M	$8.5M	100x	as long as short
Injective XAUT/USDC PERPlong	+0.0033%	1h	4,349.8	long leg	$8K	$149K	30x
SoDEX XAUT-USD	+0.0050%	1h	4,316.4	−0.768%	$10.1M	$2.0M	25x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,319.3	−0.701%	$4.2M	$928K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,317.3	−0.748%	$35.2M	$47.5M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTM	+0.0100%	4h	4,319.1	−0.705%	$11.6M	$3.0M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,317.3	−0.748%	—	$19.0M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,318.1	−0.729%	$384	$111K	10x	as long as short
Orderly PERP_XAUT_USDC_mythosshort	+0.0100%	4h	4,317.1	−0.752%	$265	$17K	10x
Derive XAUT-PERP	+0.0100%	1h	4,318.6	−0.718%	$1.8M	$367K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,321.5	−0.651%	$3K	$3.2M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,317.3	−0.747%	$1.8M	$251K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,315.7	−0.785%	$267K	$214K	25x	as long as short
BloFin XAUT-USDT	+0.0222%	4h	4,319.4	−0.699%	$2.3M	$1.6M	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0230%	1h	4,318.9	−0.711%	$5.7M	$4.9M	50x	as long as short