Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h −0.030%

Price spread now: Kraken Futures against Orderly+0.018%55s7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XAUT_USDC_mythos	4,362	0.0100	pay 0.0050% / 4h	41m 29s	$268	$17K	10x
Short	Kraken Futures PF_XAUTUSD	4,362.8	0.0105	get 0.0013% / 1h	41m 29s	$5.3M	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Orderly. 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 OrderlybpFee Kraken FuturesbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0.98
Price spread: +0.018% → 0.000%: $1.85
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$13.17
Costs to cover: 0.160%
Break-even: 101.0 days

Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 2 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 Orderly no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 2 min ago	0.57 bp	5.6 bp −$6	8.0 bp −$80	17.2 bp −$1,725	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0189%	1h	4,362.4	+0.008%	$56K	$32K	20x	as long as short
Bitget XAUTUSDT	−0.0138%	4h	4,360.9	−0.025%	$26.2M	$14.9M	75x	as long as short
Injective XAUT/USDC PERP	−0.0055%	1h	4,349.8	−0.280%	$8K	$149K	30x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,362.2	+0.005%	$131.8M	$7.9M	100x	as long as short
MEXC XAUT_USDT	+0.0042%	4h	4,360.9	−0.025%	$341.6M	$277.4M	1000x	as long as short
Bybit XAUTUSDT	+0.0044%	4h	4,361.1	−0.021%	$120.9M	$27.3M	75x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,362.3	+0.007%	$10.2M	$2.0M	25x	as long as short
Variational Omni XAUT	+0.0057%	4h	4,360.8	−0.027%	$33.3M	$3.3M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,361	−0.024%	$4.2M	$995K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,361.6	−0.010%	$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	4,363.3	+0.030%	$11.4M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,361.4	−0.013%	—	$17.9M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,362.3	+0.007%	$659	$112K	10x	as long as short
Orderly PERP_XAUT_USDC_mythoslong	+0.0100%	4h	4,362	long leg	$268	$17K	10x
Derive XAUT-PERP	+0.0100%	1h	4,363.5	+0.034%	$1.9M	$209K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,367.3	+0.122%	$3K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,361	−0.022%	$1.9M	$231K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,360.5	−0.035%	$272K	$231K	25x	as long as short
Kraken Futures PF_XAUTUSDshort	+0.0105%	1h	4,362.8	+0.018%	$5.3M	$3.6M	50x
BloFin XAUT-USDT	+0.0162%	4h	4,360.1	−0.044%	$2.3M	$1.7M	75x	as long as short