Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0330%/8h= −36.1% APRpaid last 24h −0.017%

Price spread now: Bitget against Nado−0.001%7-day average −0.009% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.054%−$5 on $10k

Price spread, last 7 days+0.005%+$1 · spread now −0.001%, 7d avg −0.009%

Together, before fees−0.049%+ Points / potential airdropNado: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.054% in total (about -6.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XAUT-PERP	4,337.7	0.0100	pay 0.0012% / 1h	4m 21s	$4.2M	$995K	10x
Short	Bitget XAUTUSDT	4,337.7	−0.0230	pay 0.0115% / 4h	2h 04m	$26.3M	$15.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Nado. 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 NadobpFee BitgetbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$69.3
Price spread: −0.001% → −0.009%: $0.82
Slippage, 4 orders: −$7.79
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$95.27
Costs to cover: 0.268%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; Bitget: live order book, 4 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 Nado live order book, 5 min ago	0.12 bp	4.2 bp −$4	7.0 bp −$70	691.5 bp −$69.1K	doesn't fit
Sell Bitget live order book, 4 min ago	0.01 bp	9.7 bp −$10	13.7 bp −$137	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
Bitget XAUTUSDTshort	−0.0230%	4h	4,337.7	−0.001%	$26.3M	$15.3M	75x
Aftermath Perps XAUTUSD	−0.0228%	1h	4,338.6	+0.021%	$56K	$33K	20x	as long as short
Kraken Futures PF_XAUTUSD	−0.0097%	1h	4,340.2	+0.057%	$5.3M	$3.6M	50x	as long as short
Injective XAUT/USDC PERP	−0.0056%	1h	4,343.8	+0.141%	$8K	$76K	30x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,339.4	+0.039%	$132.0M	$9.1M	100x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,341.4	+0.085%	$10.1M	$2.1M	25x	as long as short
Variational Omni XAUT	+0.0059%	4h	4,337.3	−0.010%	$33.1M	$3.3M	—	as long as short
Binance XAUTUSDT	+0.0070%	4h	4,338	+0.006%	$35.4M	$46.0M	75x	as long as short
Extended XAUT-USD	+0.0072%	1h	4,337.4	−0.006%	$272K	$217K	25x	as long as short
Nado XAUT-PERPlong	+0.0100%	1h	4,337.7	long leg	$4.2M	$995K	10x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUTUSDT	+0.0100%	4h	4,337.8	+0.002%	$120.2M	$28.1M	75x	as long as short
MEXC XAUT_USDT	+0.0100%	4h	4,337.8	+0.002%	$344.3M	$278.6M	1000x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,339.8	+0.047%	$11.6M	$3.3M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,338.2	+0.012%	—	$17.7M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,338.5	+0.019%	$655	$115K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,337.3	−0.009%	$266	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,339	+0.031%	$1.8M	$175K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,342.6	+0.112%	$2K	$3.8M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,336.1	−0.037%	$1.8M	$230K	75x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,337.5	−0.005%	$2.4M	$1.7M	75x	as long as short