Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h −0.021%

Price spread now: Gate against Aevo+0.060%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

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

costs, in and out, $10k−$460.464% of the position

Long on Aevo Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

Price spread, last 4 days (all we have)−0.055%−$6 · spread now +0.060%, 7d avg +0.043%

Together, before fees−0.214%−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: −$1 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	4,325.7	0.0112	pay 0.0014% / 1h	14m 17s	$160K	$87	10x
Short	Gate XAU_USDT	4,328.3	0.0074	get 0.0037% / 4h	2h 14m	$272.3M	$414.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.060%Rate

Funding earned: −$7.98
Price spread: +0.060% → +0.043%: $1.71
Slippage, 4 orders: −$15.39
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.66
Costs to cover: 0.464%
Break-even: never at this rate

Slippage from Aevo: live order book, 35 min ago; Gate: live order book, 5 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, 35 min ago	5.21 bp	14.9 bp −$15	29.2 bp −$292	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.01 bp	7.5 bp −$8	8.8 bp −$88	15.1 bp −$1,512	22.7 bp −$11.4K

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
Bluefin GOLD-PERP	−0.0031%	1h	4,320.2	−0.128%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,328.9	+0.075%	$92K	$8.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,323.4	−0.053%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0009%	4h	4,327.4	+0.039%	$77.9M	$156.9M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,322.4	−0.075%	$13.1M	$37.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.571%	$619	$54	52x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,322.3	−0.079%	$32K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,328.2	+0.058%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,323.7	−0.046%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,358	+0.747%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0048%	1h	4,323.5	−0.052%	$20.5M	$31.6M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,323.2	−0.058%	$291.5M	$51.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,321.1	−0.105%	$15.0M	$56.8M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,325.4	−0.007%	$3.9M	$12.5M	25x	as long as short
Kalshi KXGOLDPERP	+0.0062%	24h	4,328.2	+0.058%	$4.0M	$41.9M	15x	as long as short
Paradex XAU-USD-PERP	+0.0071%	8h	4,324.4	−0.030%	$19K	$5K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,321.3	−0.102%	$2.0M	$4.8M	25x	as long as short
Gate XAU_USDTshort	+0.0074%	4h	4,328.3	+0.060%	$272.3M	$414.9M	100x
Lighter RH XAU	+0.0080%	1h	4,325.6	−0.002%	$19.8M	$38.9M	25x	as long as short
Aster XAUUSD1	+0.0100%	4h	4,327.5	+0.042%	$72.1M	$331.6M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,320.9	−0.112%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,325.2	−0.012%	$272K	$208K	50x	as long as short
Variational Omni XAU	+0.0104%	4h	4,327.8	+0.048%	$46.9M	$28.6M	—	as long as short
GRVT XAU_USDT_Perp	+0.0104%	4h	4,326.7	+0.024%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,325.2	−0.011%	$362.7M	$328.8M	1000x	as long as short
Binance XAUUSDT	+0.0111%	4h	4,326.7	+0.022%	$413.8M	$2.18B	100x	as long as short
Aevo XAU-PERPlong	+0.0112%	1h	4,325.7	long leg	$160K	$87	10x
edgeX XAUUSDC	+0.0125%	4h	4,324.7	−0.024%	$30.1M	$60.4M	50x	as long as short
Phoenix GOLD	+0.0127%	1h	4,325.4	−0.007%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0158%	1h	4,326.3	+0.015%	$58K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0173%	1h	4,324.6	−0.026%	$4.2M	$2.0M	20x	as long as short
HTX XAU-USDT	+0.0236%	4h	4,330	+0.099%	$2.8M	$5.0M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0248%	1h	4,322.7	−0.070%	$589K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0260%	4h	4,326.6	+0.022%	$67.9M	$119.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0305%	1h	4,325.5	−0.005%	$195K	$832K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0334%	8h	4,327.5	+0.042%	$170.3M	$298.6M	100x	as long as short
BloFin XAU-USDT	+0.0365%	4h	4,325.9	+0.003%	$16.1M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0453%	4h	4,325.9	+0.003%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0454% / S −0.0295%	1h	4,327	+0.030%	$250K	—	111x	as long as short