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

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.003%
Price spread now: Kraken Futures against Binance+0.024%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$250.246% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.028%+$3 on $10k
Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.024%, 7d avg +0.023%
Together, before fees+0.063%+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance XAUTUSDT4,332.80.0100pay 0.0050% / 4h2h 06m$35.3M$46.8M75x
ShortKraken Futures PF_XAUTUSD4,333.80.0168get 0.0021% / 1h6m 17s$5.7M$4.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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
$14.19
Price spread: +0.024% → +0.023%
$0.08
Slippage, 4 orders
−$4.65
Fee Binance: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$10.38
Costs to cover
0.246%
Break-even
12.1 days
Slippage from Binance: live order book, 6 min ago; Kraken Futures: live order book, 3 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 Binance live order book, 6 min ago0.01 bp6.2 bp −$68.1 bp −$8119.5 bp −$1,949doesn't fit
Sell Kraken Futures live order book, 3 min ago0.92 bp6.4 bp −$67.7 bp −$7715.5 bp −$1,549doesn'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−0.0304%1h4,330.4−0.056%$56K$29K20xas long as short
Bitget XAUTUSDT−0.0034%4h4,331.6−0.027%$25.5M$16.7M75xas long as short
Bybit XAUTUSDT−0.0003%4h4,332−0.018%$118.5M$29.9M75xas long as short
Gate XAUT_USDT0.0000%8h4,334.6+0.042%$130.3M$8.6M100xas long as short
MEXC XAUT_USDT0.0000%4h4,332.2−0.014%$358.1M$286.5M1000xas long as short
Variational Omni XAUT+0.0020%4h4,327.1−0.132%$33.0M$3.4Mas long as short
Injective XAUT/USDC PERP+0.0033%1h4,349.8+0.392%$8K$149K30xas long as short
BloFin XAUT-USDT+0.0048%4h4,331.2−0.037%$2.3M$1.6M75xas long as short
SoDEX XAUT-USD+0.0050%1h4,331.5−0.030%$10.1M$2.0M25xas long as short
Nado XAUT-PERP+0.0100%1h4,332.3−0.011%$4.2M$915K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance XAUTUSDTlong+0.0100%4h4,332.8long leg$35.3M$46.8M75x
KuCoin XAUTUSDTM+0.0100%4h4,334.1+0.029%$11.7M$3.0M75xas long as short
BingX XAUT-USDT+0.0100%4h4,332.7−0.002%$18.9Mas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,330.1−0.062%$407$111K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,333.5+0.016%$266$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,332.7−0.002%$1.8M$363K10xas long as short
SunX XAUT-USDT+0.0100%4h4,338.2+0.124%$2K$3.2M20xas long as short
HTX XAUT-USDT+0.0100%4h4,330.5−0.053%$1.8M$246K75xas long as short
Extended XAUT-USD+0.0104%1h4,331.4−0.032%$267K$214K25xas long as short
Kraken Futures PF_XAUTUSDshort+0.0168%1h4,333.8+0.024%$5.7M$4.8M50x