Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0025%/8h= −2.8% APRpaid last 24h −0.012%

Price spread now: Variational Omni against Extended+0.116%7-day average +0.021% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now +0.116%, 7d avg +0.021%

Together, before fees+0.001%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.096% dearer against Extended than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of +0.021%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAUT-USD	4,354.5	0.0104	pay 0.0013% / 1h	48m 13s	$272K	$231K	25x
Short	Variational Omni XAUT	4,359.6	0.0079	get 0.0039% / 4h	2h 48m	$33.1M	$3.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.116%Rate

Funding earned: −$5.31
Price spread: +0.116% → +0.021%: $9.57
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$0.74
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: live order book, 19 min ago; Variational Omni: RFQ quote, 1 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 Extended live order book, 19 min ago	0.12 bp	2.8 bp −$3	6.6 bp −$66	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.83 bp	doesn't fit	4.3 bp −$43	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	−0.0271%	1h	4,359.1	+0.105%	$56K	$30K	20x	as long as short
Bitget XAUTUSDT	−0.0042%	4h	4,354.6	+0.001%	$25.8M	$15.3M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,357.2	+0.062%	$130.5M	$8.1M	100x	as long as short
MEXC XAUT_USDT	+0.0026%	4h	4,355.2	+0.016%	$327.5M	$279.9M	1000x	as long as short
Bybit XAUTUSDT	+0.0030%	4h	4,355.2	+0.016%	$120.7M	$27.9M	75x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	−0.108%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,357.5	+0.069%	$10.2M	$2.0M	25x	as long as short
Variational Omni XAUTshort	+0.0079%	4h	4,359.6	+0.116%	$33.1M	$3.5M	—
Nado XAUT-PERP	+0.0100%	1h	4,357.2	+0.063%	$4.2M	$989K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,355.2	+0.016%	$35.4M	$46.8M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTM	+0.0100%	4h	4,357.5	+0.070%	$11.4M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,355.3	+0.019%	—	$17.9M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,359.9	+0.124%	$523	$112K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,355.8	+0.030%	$268	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,356.7	+0.050%	$1.9M	$252K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,361.2	+0.154%	$3K	$3.6M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,359.3	+0.110%	$1.9M	$231K	75x	as long as short
Extended XAUT-USDlong	+0.0104%	1h	4,354.5	long leg	$272K	$231K	25x
BloFin XAUT-USDT	+0.0141%	4h	4,358.5	+0.092%	$2.3M	$1.6M	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0300%	1h	4,356.8	+0.053%	$5.3M	$4.0M	50x	as long as short