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

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h +0.006%
Price spread now: Kraken Futures against MEXC+0.024%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$180.180% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.053%+$5 on $10k
Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.024%, 7d avg +0.031%
Together, before fees+0.075%+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC XAUT_USDT4,339.50.0100pay 0.0050% / 4h3h 44m$389.9M$270.5M1000x
ShortKraken Futures PF_XAUTUSD4,340.60.0138get 0.0017% / 1h44m 07s$5.7M$4.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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
$7.96
Price spread: +0.024% → +0.031%
−$0.67
Slippage, 4 orders
−$3.99
Fee MEXC: 2 bp × 2 orders
−$4
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$10.7
Costs to cover
0.180%
Break-even
16.4 days
Slippage from MEXC: 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
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 5 min ago0.35 bp2.3 bp −$22.4 bp −$244.8 bp −$48217.9 bp −$8,970
Sell Kraken Futures live order book, 5 min ago0.58 bp7.5 bp −$88.6 bp −$8615.6 bp −$1,558doesn'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−0.0359%1h4,338.3−0.027%$56K$29K20xas long as short
Bitget XAUTUSDT−0.0044%4h4,338.8−0.016%$25.8M$15.4M75xas long as short
Gate XAUT_USDT0.0000%8h4,340.4+0.021%$130.2M$8.1M100xas long as short
Variational Omni XAUT+0.0008%4h4,338.9−0.014%$33.0M$3.5Mas long as short
Injective XAUT/USDC PERP+0.0033%1h4,349.8+0.237%$8K$149K30xas long as short
SoDEX XAUT-USD+0.0050%1h4,338.2−0.030%$10.1M$2.0M25xas long as short
Binance XAUTUSDT+0.0055%4h4,338.2−0.030%$35.1M$45.2M75xas long as short
Extended XAUT-USD+0.0056%1h4,337.6−0.044%$272K$215K25xas long as short
Nado XAUT-PERP+0.0100%1h4,339.4−0.003%$4.2M$911K10xas long as short
Bybit XAUTUSDT+0.0100%4h4,339.3−0.005%$120.1M$27.9M75xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC XAUT_USDTlong+0.0100%4h4,339.5long leg$389.9M$270.5M1000x
KuCoin XAUTUSDTM+0.0100%4h4,340.6+0.026%$11.5M$2.9M75xas long as short
BingX XAUT-USDT+0.0100%4h4,339.3−0.005%$17.7Mas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,338.1−0.033%$807$106K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,338.8−0.016%$267$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,339.2−0.006%$1.8M$299K10xas long as short
SunX XAUT-USDT+0.0100%4h4,345.8+0.144%$3K$3.3M20xas long as short
HTX XAUT-USDT+0.0100%4h4,338.6−0.022%$1.8M$227K75xas long as short
Kraken Futures PF_XAUTUSDshort+0.0138%1h4,340.6+0.024%$5.7M$4.4M50x
BloFin XAUT-USDT+0.0340%4h4,338.7−0.018%$2.3M$1.6M75xas long as short