Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.010%
Price spread now: Derive against SoDEX−0.040%59s7-day average −0.025% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.045%+$4 on $10k
+Price spread, last 3 days (all we have)−0.024%−$2 · spread now −0.040%, 7d avg −0.025%
=The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 59 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 | SoDEX XAUT-USD | 4,372.4 | 0.0050 | pay 0.0006% / 1h | 51m 23s | $10.2M | $2.0M | 25x |
| Short | Derive XAUT-PERP | 4,370.6 | 0.0100 | get 0.0013% / 1h | 51m 23s | $1.9M | $240K | 10x |
SoDEX XAUT-USD
Derive XAUT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against SoDEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.5
- Price spread: −0.040% → −0.025%
- −$1.47
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$4.97
- Costs to cover
- 0.140%
- Break-even
- 10.3 days
Slippage unknown: SoDEX: live order book, 3 min ago; Derive: no order-book sample. 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 SoDEX live order book, 3 min ago | 0.11 bp | 4.2 bp −$4 | 5.3 bp −$53 | 46.6 bp −$4,655 | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 | −0.0155% | 1h | 4,369.5 | −0.067% | $56K | $31K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0066% | 4h | 4,368.4 | −0.093% | $26.0M | $15.3M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,369.6 | −0.064% | $131.7M | $8.0M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | −0.517% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USDlong | +0.0050% | 1h | 4,372.4 | long leg | $10.2M | $2.0M | 25x | |
| Variational Omni XAUT | +0.0081% | 4h | 4,368.1 | −0.099% | $33.3M | $3.4M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,368.2 | −0.097% | $4.2M | $1.0M | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,369.1 | −0.076% | $35.6M | $46.7M | 75x | as long as short |
| Bybit XAUTUSDT | +0.0100% | 4h | 4,369 | −0.078% | $121.0M | $27.7M | 75x | as long as short |
| MEXC XAUT_USDT | +0.0100% | 4h | 4,368.4 | −0.091% | $338.4M | $276.8M | 1000x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Injective XAUT/USDC PERP
Variational Omni XAUT
Nado XAUT-PERP
Binance XAUTUSDT
Bybit XAUTUSDT
MEXC XAUT_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,370.9 | −0.034% | $11.4M | $2.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,369 | −0.078% | — | $18.0M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,369.9 | −0.057% | $887 | $115K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,368.8 | −0.082% | $268 | $17K | 10x | as long as short |
| Derive XAUT-PERPshort | +0.0100% | 1h | 4,370.6 | −0.040% | $1.9M | $240K | 10x | |
| SunX XAUT-USDT | +0.0100% | 4h | 4,375.7 | +0.075% | $2K | $3.7M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,368.5 | −0.088% | $1.9M | $231K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,369.9 | −0.058% | $274K | $231K | 25x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0118% | 1h | 4,372.9 | +0.012% | $5.3M | $3.9M | 50x | as long as short |
| BloFin XAUT-USDT | +0.0253% | 4h | 4,369.5 | −0.066% | $2.3M | $1.7M | 75x | as long as short |
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
SunX XAUT-USDT
HTX XAUT-USDT
Extended XAUT-USD
Kraken Futures PF_XAUTUSD
BloFin XAUT-USDT