Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.010%

Price spread now: Bitget against SoDEX+0.009%7-day average −0.059% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$230.226% of the position

Long on SoDEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.009%, 7d avg −0.059%

Together, before fees−0.151%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.067% dearer against SoDEX than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.059%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 3 days (−0.017% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XAUT-USD	4,346	0.0050	pay 0.0006% / 1h	50m 03s	$10.1M	$2.0M	25x
Short	Bitget XAUTUSDT	4,346.4	−0.0034	pay 0.0017% / 4h	2h 50m	$25.9M	$15.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SoDEX. 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 SoDEXbpFee BitgetbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$17.64
Price spread: +0.009% → −0.059%: $6.72
Slippage, 4 orders: −$2.58
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$33.49
Costs to cover: 0.226%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; Bitget: live order book, 4 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 SoDEX live order book, 4 min ago	0.12 bp	4.1 bp −$4	4.9 bp −$49	45.0 bp −$4,505	doesn't fit
Sell Bitget live order book, 4 min ago	0.01 bp	7.2 bp −$7	9.4 bp −$94	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	−0.0327%	1h	4,345.2	−0.018%	$56K	$29K	20x	as long as short
Bitget XAUTUSDTshort	−0.0034%	4h	4,346.4	+0.009%	$25.9M	$15.4M	75x
Gate XAUT_USDT	0.0000%	8h	4,348	+0.046%	$130.6M	$8.0M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.087%	$8K	$149K	30x	as long as short
Variational Omni XAUT	+0.0049%	4h	4,345.7	−0.007%	$33.1M	$3.4M	—	as long as short
SoDEX XAUT-USDlong	+0.0050%	1h	4,346	long leg	$10.1M	$2.0M	25x
Binance XAUTUSDT	+0.0095%	4h	4,346.6	+0.013%	$35.3M	$45.3M	75x	as long as short
Extended XAUT-USD	+0.0096%	1h	4,345.6	−0.009%	$268K	$214K	25x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,346.9	+0.021%	$4.2M	$913K	10x	as long as short
Bybit XAUTUSDT	+0.0100%	4h	4,346.5	+0.012%	$120.5M	$27.8M	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	4,346.6	+0.014%	$388.9M	$267.3M	1000x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,348.6	+0.060%	$11.5M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,346.6	+0.013%	—	$17.8M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,343.3	−0.063%	$300	$105K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,346.3	+0.007%	$267	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,347.6	+0.036%	$1.8M	$304K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,352.3	+0.145%	$3K	$3.3M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,345.2	−0.017%	$1.8M	$236K	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0167%	1h	4,348.2	+0.051%	$5.7M	$4.5M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,346.2	+0.005%	$2.3M	$1.6M	75x	as long as short