Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0225%/8hpaid last 24h +0.038%

Price spread now: Variational Omni against Aftermath Perps−0.047%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.047% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 17 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XAUTUSD	4,350.1	−0.0306	get 0.0038% / 1h	6m 59s	$56K	$33K	20x
Short	Variational Omni XAUT	4,348	−0.0081	pay 0.0041% / 4h	6m 59s	$33.1M	$3.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aftermath Perps. 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 Aftermath PerpsbpFee Variational OmnibpOrdersPrice spread, now −0.047%Rate

Funding earned: $47.26
Price spread: −0.047% → 0.000%: −$4.7
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $33.55
Costs to cover: 0.090%
Break-even: 2.0 days

Slippage unknown: Aftermath Perps: no order-book sample; Variational Omni: RFQ quote, 2 min ago. 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 2 min ago	2.83 bp	doesn't fit	3.9 bp −$39	doesn't fit	doesn't fit

Aftermath Perps: 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 XAUTUSDlong	−0.0306%	1h	4,350.1	long leg	$56K	$33K	20x
Kraken Futures PF_XAUTUSD	−0.0114%	1h	4,347.4	−0.060%	$5.4M	$3.3M	50x	as long as short
Variational Omni XAUTshort	−0.0081%	4h	4,348	−0.047%	$33.1M	$3.2M	—
Bybit XAUTUSDT	−0.0080%	4h	4,345.5	−0.105%	$120.6M	$27.0M	75x	as long as short
MEXC XAUT_USDT	−0.0080%	4h	4,345.6	−0.103%	$379.2M	$269.9M	1000x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,347.5	−0.059%	$132.8M	$9.1M	100x	as long as short
Binance XAUTUSDT	+0.0030%	4h	4,346.8	−0.075%	$35.3M	$44.9M	75x	as long as short
Extended XAUT-USD	+0.0032%	1h	4,346.4	−0.085%	$272K	$214K	25x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,340.8	−0.213%	$8K	$87K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,345.8	−0.098%	$10.1M	$2.1M	25x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XAUTUSDT	+0.0070%	4h	4,344.8	−0.121%	$28.3M	$12.7M	75x	as long as short
BingX XAUT-USDT	+0.0078%	4h	4,346.8	−0.076%	—	$17.6M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,345.5	−0.105%	$4.2M	$902K	10x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,346.5	−0.082%	$11.7M	$3.3M	75x	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,349.3	−0.018%	$622	$117K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,346.8	−0.075%	$267	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,346.8	−0.075%	$1.8M	$175K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,352.5	+0.055%	$3K	$3.8M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,344.6	−0.125%	$1.8M	$234K	75x	as long as short
BloFin XAUT-USDT	+0.0161%	4h	4,346	−0.094%	$2.4M	$1.7M	75x	as long as short