Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

GLD

RWAAll GLD markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
ArcusGLD-USD
381.14+0.0315pay 0.0039% / 1h59m 11s$785K$5.6M25xLong Arcus5% off
SHORT
BingXNCSKGLD2USD-USDT
381.04−0.0079pay 0.0079% / 8h7h 59m$289K$336K—Short BingX
Price gap−0.026%
Funding gap−0.0394% /8h

The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $12 a day and eats that in about 7 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$56−0.0394% /8h now · paid −0.558% over the last 7D
Price+$3spread −0.026% now, avg −0.061% → +0.035% if it goes back
Costs−$510.513% of $10k · taker + slippage, in and out
Result−$104−1.04%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now−0.026%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

GLD on 6 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size5.1 / 21.4 bp
    At $10k entering BingX costs 21.4 bp, fee and slippage, 4.2× Arcus’s.
  • Note: Margin at max leverage$400 + —
    Arcus 25x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$11.81Long Arcus: 24 payments, −$9.44; short BingX: 3 payments, −$2.37.
  • OK: Entry gap works for you−0.026% vs −0.061%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$289K vs $785K OI
    BingX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCArcus No · BingX Yes
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0266%/8h × 21 periods−$55.84
Price spread−0.026% → −0.061% (7d avg)+$3.47
Slippage, 4 orderslive order books−$36.84
Fee Arcus bp × 2 orders−$4.50
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$103.71
Costs to cover0.513%Break-evennever at this rate
Slippage: Arcus: live order book, 4 min ago; BingX: live order book, 24 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGArcus2.365.1 bp−$57.0 bp−$7011.7 bp−$1,166doesn’t fit
SELL · SHORTBingX5.1221.4 bp−$2186.5 bp−$865doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

GLD news

posts that mention GLD or SPDR Gold Shares, from every exchangeSearch all news →
09-23 15:00Vest MarketsOther$SLV is down around 3.5% on today's session, with precious metals broadly lower and the dollar near a two-month high. The 10-year yield is near 4.98%, with Fed officials reaffirming last week's rate hike, the first since 2023. $GLD is down around 1.6% on the session, with the pullback taking silver back below the multi-year highs it held earlier this week. @VestExchange on X ↗