Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.013%

Price spread now: Nado against MEXC+0.010%51s7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$130.131% of the position

Long on MEXC Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.042%+$4 on $10k

Price spread, last 7 days+0.020%+$2 · spread now +0.010%, 7d avg +0.012%

Together, before fees+0.061%+ Points / potential airdropNado: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAUT_USDT	4,358.7	0.0050	pay 0.0025% / 4h	38m 45s	$341.6M	$277.5M	1000x
Short	Nado XAUT-PERP	4,359.1	0.0100	get 0.0012% / 1h	38m 45s	$4.2M	$995K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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

Position, each leg$Hold fordaysFee MEXCbpFee NadobpOrdersPrice spread, now +0.010%Rate

Funding earned: $10.5
Price spread: +0.010% → +0.012%: −$0.23
Slippage, 4 orders: −$2.1
Fee MEXC: 2 bp × 2 orders: −$4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$2.83
Costs to cover: 0.131%
Break-even: 8.9 days

Slippage from MEXC: live order book, 5 min ago; Nado: 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 MEXC live order book, 5 min ago	0.34 bp	2.3 bp −$2	2.4 bp −$24	4.6 bp −$461	17.1 bp −$8,536
Sell Nado live order book, 5 min ago	0.12 bp	4.4 bp −$4	7.4 bp −$74	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	−0.0179%	1h	4,362.1	+0.078%	$56K	$32K	20x	as long as short
Bitget XAUTUSDT	−0.0134%	4h	4,358.3	−0.009%	$26.2M	$14.9M	75x	as long as short
Injective XAUT/USDC PERP	−0.0055%	1h	4,349.8	−0.204%	$8K	$149K	30x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,359.6	+0.021%	$131.8M	$7.9M	100x	as long as short
MEXC XAUT_USDTlong	+0.0050%	4h	4,358.7	long leg	$341.6M	$277.5M	1000x
SoDEX XAUT-USD	+0.0050%	1h	4,360.4	+0.039%	$10.2M	$2.0M	25x	as long as short
Bybit XAUTUSDT	+0.0050%	4h	4,358.2	−0.011%	$120.8M	$27.3M	75x	as long as short
Variational Omni XAUT	+0.0052%	4h	4,360.4	+0.039%	$33.3M	$3.3M	—	as long as short
Nado XAUT-PERPshort	+0.0100%	1h	4,359.1	+0.010%	$4.2M	$995K	10x
Binance XAUTUSDT	+0.0100%	4h	4,359.2	+0.012%	$35.5M	$46.3M	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	4,360.6	+0.044%	$11.4M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,358.8	+0.002%	—	$17.9M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,361.7	+0.069%	$920	$112K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,359.7	+0.023%	$268	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,361.4	+0.061%	$1.9M	$209K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,367	+0.190%	$2K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,358.6	−0.003%	$1.9M	$232K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,357.9	−0.019%	$272K	$231K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0105%	1h	4,361.1	+0.056%	$5.3M	$3.6M	50x	as long as short
BloFin XAUT-USDT	+0.0196%	4h	4,359.1	+0.009%	$2.4M	$1.7M	75x	as long as short