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

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0087%/8h= +9.6% APRpaid last 24h −0.020%
Price spread now: Kraken Futures against SunX−0.096%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$780.777% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.066%−$7 on $10k
Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.096%, 7d avg −0.077%
Together, before fees−0.041%−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.077%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX XAUT-USDT4,356.70.0100pay 0.0050% / 4h1h 27m$2K$3.4M20x
ShortKraken Futures PF_XAUTUSD4,352.50.0187get 0.0023% / 1h27m 28s$5.7M$4.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against SunX. 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

Funding earned
$18.33
Price spread: −0.096% → −0.077%
−$1.86
Slippage, 4 orders
−$59.71
Fee SunX: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$61.25
Costs to cover
0.777%
Break-even
30.4 days
Slippage from SunX: live order book, 10 min ago; Kraken Futures: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 10 min ago21.50 bp25.5 bp −$2654.6 bp −$546doesn't fitdoesn't fit
Sell Kraken Futures live order book, 1 min ago1.26 bp6.9 bp −$77.2 bp −$7215.9 bp −$1,591doesn't fit

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−0.0310%1h4,349.8−0.157%$56K$29K20xas long as short
Bitget XAUTUSDT−0.0034%4h4,351.3−0.124%$25.9M$15.2M75xas long as short
Bybit XAUTUSDT−0.0015%4h4,351.3−0.123%$120.3M$27.8M75xas long as short
MEXC XAUT_USDT−0.0012%4h4,350.5−0.142%$343.7M$280.8M1000xas long as short
Gate XAUT_USDT0.0000%8h4,352.6−0.094%$130.4M$8.2M100xas long as short
Variational Omni XAUT+0.0018%4h4,347.8−0.205%$33.1M$3.5Mas long as short
Injective XAUT/USDC PERP+0.0033%1h4,349.8−0.158%$8K$149K30xas long as short
SoDEX XAUT-USD+0.0050%1h4,350.8−0.135%$10.2M$2.0M25xas long as short
Extended XAUT-USD+0.0072%1h4,349.4−0.168%$272K$213K25xas long as short
Binance XAUTUSDT+0.0075%4h4,351.7−0.115%$35.2M$45.5M75xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XAUT-USDT+0.0076%4h4,351.6−0.117%$17.8Mas long as short
Nado XAUT-PERP+0.0100%1h4,350.9−0.132%$4.2M$1.0M10xas long as short
KuCoin XAUTUSDTM+0.0100%4h4,352.8−0.089%$11.5M$2.9M75xas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,348.9−0.179%$731$109K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,349.7−0.160%$267$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,351.2−0.125%$1.9M$279K10xas long as short
SunX XAUT-USDTlong+0.0100%4h4,356.7long leg$2K$3.4M20x
HTX XAUT-USDT+0.0100%4h4,348−0.199%$1.9M$234K75xas long as short
Kraken Futures PF_XAUTUSDshort+0.0187%1h4,352.5−0.096%$5.7M$4.5M50x
BloFin XAUT-USDT+0.0225%4h4,350−0.153%$2.3M$1.6M75xas long as short