Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.024%

Price spread now: Bitget against Aevo+0.010%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$450.447% of the position

Long on Aevo Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.010%, 7d avg +0.022%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XAU-PERP	4,310.2	0.0112	pay 0.0014% / 1h	52m 35s	$160K	$87	10x
Short	Bitget XAUUSDT	4,310.6	0.0196	get 0.0098% / 4h	3h 52m	$71.1M	$123.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.010%Rate

Funding earned: $17.64
Price spread: +0.010% → +0.022%: −$1.23
Slippage, 4 orders: −$16.68
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$28.27
Costs to cover: 0.447%
Break-even: 18.2 days

Slippage from Aevo: live order book, 46 min ago; Bitget: 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 Aevo live order book, 46 min ago	5.13 bp	15.2 bp −$15	27.0 bp −$270	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.01 bp	6.0 bp −$6	6.8 bp −$68	12.4 bp −$1,241	doesn't fit

XAU on 39 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
SunX XAU-USDT	0.0000%	4h	4,314.5	+0.101%	$92K	$6.9M	20x	as long as short
Phemex XAUUSDT	0.0000%	4h	4,311.8	+0.038%	$2.2M	$951K	100x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,305.6	−0.105%	$268K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.934%	$619	$54	52x	as long as short
Vest GC-PERP	+0.0046%	1h	4,341.7	+0.732%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,308.3	−0.043%	$6.6M	$3.2M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,306.4	−0.087%	$291.2M	$54.3M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,306.4	−0.087%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,306.5	−0.084%	$15.0M	$55.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,305.8	−0.101%	$2.0M	$5.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0063%	8h	4,310	−0.004%	$2K	$14K	5x	as long as short
Aster XAUUSD1	+0.0066%	4h	4,311.6	+0.033%	$73.2M	$272.0M	20x	as long as short
Lighter XAU	+0.0080%	1h	4,309.3	−0.020%	$20.3M	$28.5M	25x	as long as short
Lighter RH XAU	+0.0080%	1h	4,311.8	+0.039%	$19.8M	$39.2M	25x	as long as short
Extended XAU-USD	+0.0080%	1h	4,306.3	−0.090%	$13.1M	$36.0M	25x	as long as short
Phoenix GOLD	+0.0095%	1h	4,301.8	−0.194%	$42K	$86K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,306.4	−0.086%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,305.3	−0.114%	$269K	$214K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,305.1	−0.117%	$25K	$1K	20x	as long as short
Kalshi KXGOLDPERP	+0.0103%	24h	4,312.6	+0.057%	$3.7M	$46.0M	15x	as long as short
Variational Omni XAU	+0.0107%	4h	4,305.7	−0.104%	$46.7M	$29.3M	—	as long as short
Aevo XAU-PERPlong	+0.0112%	1h	4,310.2	long leg	$160K	$87	10x
MEXC XAU_USDT	+0.0118%	4h	4,310.5	+0.009%	$360.7M	$331.9M	1000x	as long as short
Binance XAUUSDT	+0.0119%	4h	4,310.5	+0.008%	$436.5M	$2.20B	100x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,310.6	+0.009%	$4.4M	$13.1M	25x	as long as short
edgeX XAUUSDC	+0.0131%	4h	4,304.8	−0.124%	$30.0M	$61.3M	50x	as long as short
StandX XAU-USD	+0.0180%	1h	4,310.7	+0.013%	$3.8M	$4.5M	40x	as long as short
Hotstuff GOLD-PERP	+0.0184%	1h	4,305.5	−0.108%	$32K	—	25x	as long as short
Bitget XAUUSDTshort	+0.0196%	4h	4,310.6	+0.010%	$71.1M	$123.5M	100x
Bybit XAUUSDT	+0.0203%	4h	4,311.4	+0.028%	$77.0M	$157.2M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0214%	1h	4,309	−0.027%	$134K	$874K	25x	as long as short
Bullet GOLD-USD	+0.0227%	1h	4,310.8	+0.015%	$59K	$81K	10x	as long as short
GRVT XAU_USDT_Perp	+0.0250%	4h	4,309.5	−0.016%	$1.4M	$3.0M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0255%	8h	4,311.1	+0.022%	$170.6M	$325.1M	100x	as long as short
Gate XAU_USDT	+0.0256%	4h	4,312.6	+0.057%	$296.2M	$419.7M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,307.9	−0.052%	$573K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0429%	4h	4,310.7	+0.014%	$16.4M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0313%	1h	4,310.4	+0.005%	$255K	—	111x	as long as short
HTX XAU-USDT	+0.1308%	4h	4,316.9	+0.156%	$3.2M	$6.2M	75x	as long as short