Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h +0.007%

Price spread now: Binance against Aevo−0.023%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$420.415% of the position

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 2 days (all we have)+0.045%+$4 · spread now −0.023%, 7d avg +0.013%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.037% cheaper against Aevo than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XAU-PERP	4,352.3	0.0112	pay 0.0014% / 1h	1m 38s	$161K	$87	10x
Short	Binance XAUUSDT	4,351.3	0.0118	get 0.0059% / 4h	2h 01m	$410.0M	$2.10B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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 AevobpFee BinancebpOrdersPrice spread, now −0.023%Rate

Funding earned: $1.17
Price spread: −0.023% → +0.013%: −$3.67
Slippage, 4 orders: −$15.51
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$44.01
Costs to cover: 0.415%
Break-even: 269.9 days

Slippage from Aevo: live order book, 2 min ago; Binance: live order book, 12 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 Aevo live order book, 2 min ago	5.99 bp	15.9 bp −$16	29.4 bp −$294	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	7.2 bp −$721	doesn't fit

XAU on 38 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
Gate XAU_USDT	0.0000%	4h	4,353.1	+0.018%	$263.5M	$417.9M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,357.6	+0.121%	$93K	$9.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,349.2	−0.072%	$269K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,347.5	−0.110%	$13.5M	$41.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.044%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0035%	24h	4,351.1	−0.028%	$4.1M	$36.1M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,352.9	+0.013%	$3.8M	$4.6M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,386.4	+0.783%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,348.3	−0.092%	$293.5M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,349.2	−0.071%	$15.1M	$58.0M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0051%	1h	4,350	−0.053%	$5.5M	$1.9M	20x	as long as short
Aster XAUUSD1	+0.0055%	4h	4,352	−0.007%	$70.2M	$320.9M	20x	as long as short
Lighter XAU	+0.0056%	1h	4,350.4	−0.045%	$20.6M	$43.9M	25x	as long as short
Lighter RH XAU	+0.0064%	1h	4,353	+0.015%	$20.1M	$41.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,349.9	−0.056%	$2.0M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0087%	8h	4,351.4	−0.021%	$19K	$5K	5x	as long as short
Hotstuff GOLD-PERP	+0.0088%	1h	4,348.2	−0.095%	$33K	—	25x	as long as short
Polymarket Perps GOLD-USD	+0.0088%	1h	4,352.7	+0.009%	$4.3M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0100%	4h	4,351.1	−0.027%	$48.2M	$28.0M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,348.1	−0.097%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,347.2	−0.118%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,346.5	−0.134%	$25K	$14K	20x	as long as short
Aevo XAU-PERPlong	+0.0112%	1h	4,352.3	long leg	$161K	$87	10x
MEXC XAU_USDT	+0.0116%	4h	4,351.3	−0.024%	$372.8M	$325.4M	1000x	as long as short
Binance XAUUSDTshort	+0.0118%	4h	4,351.3	−0.023%	$410.0M	$2.10B	100x
Phoenix GOLD	+0.0121%	1h	4,349.6	−0.063%	$47K	$64K	25x	as long as short
edgeX XAUUSDC	+0.0131%	4h	4,345.5	−0.156%	$30.2M	$59.2M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0134%	4h	4,353.4	+0.024%	$1.4M	$3.0M	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,351.3	−0.024%	$3.4M	$12.4M	25x	as long as short
Bullet GOLD-USD	+0.0177%	1h	4,353.6	+0.029%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0202%	4h	4,352.5	+0.005%	$84.0M	$144.8M	150x	as long as short
Bitget XAUUSDT	+0.0204%	4h	4,351.6	−0.017%	$69.5M	$108.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0246%	8h	4,351.9	−0.010%	$164.5M	$281.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,350.4	−0.044%	$593K	$133K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0302%	1h	4,351.8	−0.012%	$260K	$693K	25x	as long as short
Phemex XAUUSDT	+0.0333%	4h	4,352.9	+0.014%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0395% / S −0.0203%	1h	4,353.5	+0.026%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0612%	4h	4,357.2	+0.111%	$2.9M	$4.1M	75x	as long as short