Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: KuCoin against SoDEX+0.033%53s7-day average −0.021% · 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−$230.228% of the position

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.033%, 7d avg −0.021%

Together, before fees−0.072%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.054% dearer against SoDEX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.021%. The two prices were read 53 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	4,337.2	0.0050	pay 0.0006% / 1h	41m 29s	$10.1M	$2.0M	25x
Short	KuCoin XAUTUSDTM	4,338.7	0.0100	get 0.0050% / 4h	3h 41m	$11.5M	$2.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now +0.033%Rate

Funding earned: $10.5
Price spread: +0.033% → −0.021%: $5.41
Slippage, 4 orders: −$2.81
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$6.91
Costs to cover: 0.228%
Break-even: 11.6 days

Slippage from SoDEX: live order book, 3 min ago; KuCoin: live order book, 2 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 SoDEX live order book, 3 min ago	0.12 bp	4.1 bp −$4	4.9 bp −$49	46.6 bp −$4,656	doesn't fit
Sell KuCoin live order book, 2 min ago	0.01 bp	6.5 bp −$7	10.6 bp −$106	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	−0.0355%	1h	4,338.2	+0.023%	$56K	$29K	20x	as long as short
Bitget XAUTUSDT	−0.0044%	4h	4,337.1	−0.003%	$25.8M	$15.4M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,338.6	+0.032%	$130.2M	$8.1M	100x	as long as short
Variational Omni XAUT	+0.0008%	4h	4,338.9	+0.039%	$33.0M	$3.5M	—	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	+0.291%	$8K	$149K	30x	as long as short
SoDEX XAUT-USDlong	+0.0050%	1h	4,337.2	long leg	$10.1M	$2.0M	25x
Binance XAUTUSDT	+0.0053%	4h	4,337.3	+0.003%	$35.1M	$45.2M	75x	as long as short
Extended XAUT-USD	+0.0056%	1h	4,335.3	−0.043%	$272K	$215K	25x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,337.1	−0.002%	$4.2M	$911K	10x	as long as short
Bybit XAUTUSDT	+0.0100%	4h	4,337.3	+0.002%	$120.1M	$27.9M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XAUT_USDT	+0.0100%	4h	4,337.7	+0.012%	$389.7M	$270.6M	1000x	as long as short
KuCoin XAUTUSDTMshort	+0.0100%	4h	4,338.7	+0.033%	$11.5M	$2.9M	75x
BingX XAUT-USDT	+0.0100%	4h	4,337.6	+0.009%	—	$17.7M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,339	+0.042%	$807	$106K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,337.1	−0.002%	$266	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,338.8	+0.036%	$1.8M	$299K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,345.1	+0.181%	$2K	$3.3M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,337.6	+0.008%	$1.8M	$227K	75x	as long as short
Kraken Futures PF_XAUTUSD	+0.0138%	1h	4,340.1	+0.067%	$5.7M	$4.4M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,339.1	+0.044%	$2.3M	$1.6M	75x	as long as short