Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h +0.005%

Price spread now: SoDEX against MEXC−0.028%7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$130.129% of the position

Long on MEXC Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.028%, 7d avg +0.055%

Together, before fees+0.142%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SoDEX is 0.082% cheaper against MEXC than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.055%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAUT_USDT	4,324	0.0076	pay 0.0038% / 4h	34m 13s	$375.6M	$279.5M	1000x
Short	SoDEX XAUT-USD	4,322.8	0.0050	get 0.0006% / 1h	34m 13s	$10.1M	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against MEXC. 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 MEXCbpFee SoDEXbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$5.46
Price spread: −0.028% → +0.055%: −$8.24
Slippage, 4 orders: −$0.93
Fee MEXC: 2 bp × 2 orders: −$4
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$26.62
Costs to cover: 0.129%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; SoDEX: live order book, 5 min ago.

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 MEXC live order book, 5 min ago	0.35 bp	2.3 bp −$2	2.5 bp −$25	5.0 bp −$498	23.3 bp −$11.7K
Sell SoDEX live order book, 5 min ago	0.12 bp	4.1 bp −$4	5.1 bp −$51	48.5 bp −$4,851	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	−0.0218%	1h	4,324.2	+0.005%	$55K	$11K	20x	as long as short
Bitget XAUTUSDT	−0.0002%	4h	4,323.6	−0.009%	$25.5M	$16.8M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,325.4	+0.032%	$131.6M	$8.7M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.597%	$8K	$149K	30x	as long as short
Variational Omni XAUT	+0.0049%	4h	4,322.7	−0.030%	$32.9M	$3.4M	—	as long as short
SoDEX XAUT-USDshort	+0.0050%	1h	4,322.8	−0.028%	$10.1M	$2.1M	25x
MEXC XAUT_USDTlong	+0.0076%	4h	4,324	long leg	$375.6M	$279.5M	1000x
Bybit XAUTUSDT	+0.0078%	4h	4,323.8	−0.004%	$119.3M	$31.1M	75x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,323.8	−0.006%	$4.2M	$903K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,323.8	−0.004%	$35.5M	$47.3M	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	4,325.4	+0.032%	$11.7M	$3.1M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,323.9	−0.003%	—	$18.9M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,323.4	−0.013%	$700	$111K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,322.9	−0.025%	$266	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,324.5	+0.011%	$1.8M	$362K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,328.9	+0.112%	$2K	$3.1M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,322.8	−0.028%	$1.8M	$237K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,322.6	−0.032%	$267K	$196K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0228%	1h	4,326	+0.047%	$5.9M	$5.3M	50x	as long as short
BloFin XAUT-USDT	+0.0310%	4h	4,323.9	−0.002%	$2.3M	$1.5M	75x	as long as short