Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0118%/8h= +12.9% APRpaid last 24h +0.002%

Price spread now: Kraken Futures against Gate+0.013%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.013%, 7d avg −0.010%

Together, before fees+0.139%+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.023% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAUT_USDT	4,358.9	0	get 0.0000% / 8h	7h 03m	$131.1M	$8.2M	100x
Short	Kraken Futures PF_XAUTUSD	4,359.5	0.0118	get 0.0015% / 1h	3m 54s	$5.3M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.013%Rate

Funding earned: $24.81
Price spread: +0.013% → −0.010%: $2.3
Slippage, 4 orders: −$7.01
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$4.89
Costs to cover: 0.320%
Break-even: 8.4 days

Slippage from Gate: live order book, 5 min ago; Kraken Futures: live order book, 5 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 Gate live order book, 5 min ago	0.12 bp	8.8 bp −$9	11.9 bp −$119	19.3 bp −$1,926	47.2 bp −$23.6K
Sell Kraken Futures live order book, 5 min ago	1.26 bp	6.7 bp −$7	7.8 bp −$78	16.4 bp −$1,644	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	−0.0266%	1h	4,356.5	−0.055%	$56K	$30K	20x	as long as short
Bitget XAUTUSDT	−0.0050%	4h	4,356.5	−0.055%	$25.9M	$15.2M	75x	as long as short
Gate XAUT_USDTlong	0.0000%	8h	4,358.9	long leg	$131.1M	$8.2M	100x
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	−0.209%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,358.5	−0.009%	$10.2M	$2.0M	25x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,357	−0.045%	$4.2M	$981K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,357.4	−0.035%	$35.5M	$46.6M	75x	as long as short
Bybit XAUTUSDT	+0.0100%	4h	4,356.8	−0.049%	$120.9M	$27.7M	75x	as long as short
MEXC XAUT_USDT	+0.0100%	4h	4,356.8	−0.048%	$336.0M	$284.8M	1000x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,359.3	+0.010%	$11.4M	$2.9M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XAUT-USDT	+0.0100%	4h	4,357.3	−0.037%	—	$17.9M	—	as long as short
Variational Omni XAUT	+0.0100%	4h	4,356	−0.066%	$33.1M	$3.5M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,356	−0.067%	$366	$114K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,357.1	−0.041%	$268	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,358.7	−0.004%	$1.9M	$221K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,363.3	+0.100%	$2K	$3.6M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,354.3	−0.106%	$1.8M	$231K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,356.5	−0.056%	$272K	$231K	25x	as long as short
Kraken Futures PF_XAUTUSDshort	+0.0118%	1h	4,359.5	+0.013%	$5.3M	$4.0M	50x
BloFin XAUT-USDT	+0.0340%	4h	4,356.2	−0.062%	$2.3M	$1.6M	75x	as long as short