Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SoDEX against SunX−0.072%7-day average −0.049% · 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−$74as in the Price arb table

costs, in and out, $10k−$720.721% of the position

Long on SunX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.050%−$5 on $10k

Price spread, last 3 days (all we have)+0.085%+$9 · spread now −0.072%, 7d avg −0.049%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.023% cheaper against SunX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.049%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAUT-USDT	4,359.6	0.0100	pay 0.0050% / 4h	2h 17m	$2K	$3.6M	20x
Short	SoDEX XAUT-USD	4,356.4	0.0050	get 0.0006% / 1h	17m 41s	$10.2M	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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

Position, each leg$Hold fordaysFee SunXbpFee SoDEXbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$10.5
Price spread: −0.072% → −0.049%: −$2.35
Slippage, 4 orders: −$56.13
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$84.98
Costs to cover: 0.721%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; SoDEX: live order book, 1 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 SunX live order book, 10 min ago	21.50 bp	25.5 bp −$26	54.6 bp −$546	doesn't fit	doesn't fit
Sell SoDEX live order book, 1 min ago	0.12 bp	4.1 bp −$4	4.8 bp −$48	44.9 bp −$4,486	doesn't fit

XAUT on 19 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	−0.0292%	1h	4,354.3	−0.120%	$56K	$30K	20x	as long as short
Bitget XAUTUSDT	−0.0040%	4h	4,352.6	−0.160%	$25.8M	$15.2M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,355.1	−0.102%	$130.6M	$8.3M	100x	as long as short
MEXC XAUT_USDT	+0.0028%	4h	4,353.3	−0.143%	$336.0M	$286.6M	1000x	as long as short
Bybit XAUTUSDT	+0.0028%	4h	4,353.3	−0.143%	$120.6M	$27.6M	75x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	−0.224%	$8K	$149K	30x	as long as short
SoDEX XAUT-USDshort	+0.0050%	1h	4,356.4	−0.072%	$10.2M	$2.0M	25x
Variational Omni XAUT	+0.0059%	4h	4,353.5	−0.138%	$33.1M	$3.5M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,355.2	−0.101%	$4.2M	$994K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,352.9	−0.153%	$35.3M	$46.8M	75x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTM	+0.0100%	4h	4,354.8	−0.109%	$11.4M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,353.7	−0.135%	—	$17.7M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,354.1	−0.124%	$1K	$110K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,355.3	−0.097%	$268	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,356.6	−0.069%	$1.9M	$267K	10x	as long as short
SunX XAUT-USDTlong	+0.0100%	4h	4,359.6	long leg	$2K	$3.6M	20x
HTX XAUT-USDT	+0.0100%	4h	4,354.1	−0.125%	$1.9M	$243K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,351.7	−0.179%	$272K	$213K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0300%	1h	4,357.2	−0.053%	$5.3M	$4.1M	50x	as long as short