Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Nado against Orderly−0.002%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XAUT_USDC_mythos	4,334.6	0.0100	pay 0.0050% / 4h	1h 48m	$266	$17K	10x
Short	Nado XAUT-PERP	4,334.5	0.0100	get 0.0012% / 1h	48m 39s	$4.2M	$909K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.002%Rate

Funding earned: $0
Price spread: −0.002% → 0.000%: −$0.23
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$13.23
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Nado: live order book, 3 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 Nado live order book, 3 min ago	0.12 bp	3.8 bp −$4	6.3 bp −$63	doesn't fit	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 19 exchanges

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	−0.0159%	1h	4,336.3	+0.038%	$56K	$11K	20x	as long as short
Bitget XAUTUSDT	−0.0138%	4h	4,334.3	−0.008%	$24.4M	$25.4M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,337.1	+0.058%	$130.5M	$10.7M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.351%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,334	−0.014%	$10.1M	$2.2M	25x	as long as short
Extended XAUT-USD	+0.0096%	1h	4,333.7	−0.020%	$274K	$215K	25x	as long as short
Binance XAUTUSDT	+0.0097%	4h	4,335.2	+0.013%	$36.2M	$49.9M	75x	as long as short
Nado XAUT-PERPshort	+0.0100%	1h	4,334.5	−0.002%	$4.2M	$909K	10x
Bybit XAUTUSDT	+0.0100%	4h	4,334.8	+0.005%	$119.2M	$36.7M	75x	as long as short
MEXC XAUT_USDT	+0.0100%	4h	4,335.1	+0.012%	$372.5M	$302.8M	1000x	as long as short

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTM	+0.0100%	4h	4,335.2	+0.015%	$12.2M	$3.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,335	+0.009%	—	$20.9M	—	as long as short
Variational Omni XAUT	+0.0100%	4h	4,335.4	+0.019%	$33.1M	$3.4M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,335.8	+0.029%	$928	$108K	10x	as long as short
Orderly PERP_XAUT_USDC_mythoslong	+0.0100%	4h	4,334.6	long leg	$266	$17K	10x
SunX XAUT-USDT	+0.0100%	4h	4,339.4	+0.112%	$3K	$2.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,334.3	−0.007%	$1.8M	$196K	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0138%	1h	4,335.8	+0.028%	$6.0M	$5.9M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,334.5	−0.002%	$2.3M	$734K	75x	as long as short