Settings8H · net · $10k
Funding arb · Price arb /

XAUT

all XAUT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0209%/8h= +22.9% APRpaid last 24h +0.011%
Price spread now: Kraken Futures against Variational Omni+0.037%7-day average +0.040% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.026%+$3 on $10k
Price spread, last 4 days (all we have)+0.015%+$2 · spread now +0.037%, 7d avg +0.040%
Together, before fees+0.041%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.026% in total (about 2.6% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni XAUT4,319.30.0022pay 0.0011% / 4h1h 29m$32.9M$3.3M
ShortKraken Futures PF_XAUTUSD4,320.90.0230get 0.0029% / 1h29m 52s$5.7M$4.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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

Funding earned
$43.83
Price spread: +0.037% → +0.040%
−$0.33
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$33.49
Costs to cover
0.100%
Break-even
1.7 days
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Kraken Futures: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 4 min ago2.84 bpdoesn't fit3.6 bp −$36doesn't fitdoesn't fit
Sell Kraken Futures live order book, 4 min ago0.46 bp6.8 bp −$77.7 bp −$7716.3 bp −$1,628doesn't fit

XAUT on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps XAUTUSD−0.0243%1h4,320.3+0.022%$55K$11K20xas long as short
Bitget XAUTUSDT−0.0032%4h4,319−0.007%$25.5M$17.0M75xas long as short
Gate XAUT_USDT0.0000%8h4,321+0.039%$130.3M$8.7M100xas long as short
Bybit XAUTUSDT+0.0016%4h4,319.5+0.004%$119.2M$30.9M75xas long as short
MEXC XAUT_USDT+0.0018%4h4,319−0.007%$361.9M$280.0M1000xas long as short
Variational Omni XAUTlong+0.0022%4h4,319.3long leg$32.9M$3.3M
Injective XAUT/USDC PERP+0.0033%1h4,349.8+0.706%$8K$149K30xas long as short
SoDEX XAUT-USD+0.0050%1h4,318.7−0.014%$10.1M$2.1M25xas long as short
BloFin XAUT-USDT+0.0074%4h4,319.8+0.012%$2.3M$1.6M75xas long as short
Nado XAUT-PERP+0.0100%1h4,319.3+0.001%$4.2M$936K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance XAUTUSDT+0.0100%4h4,319.4+0.004%$35.3M$47.6M75xas long as short
KuCoin XAUTUSDTM+0.0100%4h4,320.6+0.030%$11.6M$3.1M75xas long as short
BingX XAUT-USDT+0.0100%4h4,319.5+0.004%$19.0Mas long as short
GRVT XAUT_USDT_Perp+0.0100%4h4,319.7+0.009%$907$111K10xas long as short
Orderly PERP_XAUT_USDC_mythos+0.0100%4h4,318.6−0.016%$265$17K10xas long as short
Derive XAUT-PERP+0.0100%1h4,320+0.015%$1.8M$367K10xas long as short
SunX XAUT-USDT+0.0100%4h4,322.7+0.078%$3K$3.2M20xas long as short
HTX XAUT-USDT+0.0100%4h4,319−0.006%$1.8M$251K75xas long as short
Extended XAUT-USD+0.0104%1h4,318.3−0.022%$267K$214K25xas long as short
Kraken Futures PF_XAUTUSDshort+0.0230%1h4,320.9+0.037%$5.7M$4.9M50x