Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: MEXC against Aevo+0.023%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on Aevo Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.023%, 7d avg +0.012%

Together, before fees−0.090%−$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XAU-PERP	4,321.7	0.0104	pay 0.0013% / 1h	48m 38s	$160K	$87	10x
Short	MEXC XAU_USDT	4,322.7	0.0100	get 0.0050% / 4h	1h 48m	$362.1M	$326.6M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$0.84
Price spread: +0.023% → +0.012%: $1.06
Slippage, 4 orders: −$15.43
Fee Aevo: 8 bp × 2 orders: −$16
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$35.21
Costs to cover: 0.354%
Break-even: never at this rate

Slippage from Aevo: live order book, 60 min ago; MEXC: live order book, 6 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, 60 min ago	5.21 bp	14.9 bp −$15	29.2 bp −$292	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	0.04 bp	2.0 bp −$2	2.0 bp −$20	2.2 bp −$216	16.7 bp −$8,350

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	−0.0073%	1h	4,315.5	−0.143%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	−0.0008%	1h	4,318.9	−0.064%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,326	+0.101%	$92K	$8.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,318.5	−0.075%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0010%	4h	4,323.9	+0.052%	$77.4M	$157.0M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,319.1	−0.059%	$13.2M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.665%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.3	+0.037%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,320.8	−0.020%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,354.7	+0.764%	—	$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
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319.4	−0.053%	$291.4M	$51.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,318	−0.085%	$15.0M	$55.8M	25x	as long as short
Lighter XAU	+0.0064%	1h	4,321.9	+0.004%	$20.3M	$30.3M	25x	as long as short
Kalshi KXGOLDPERP	+0.0069%	24h	4,324	+0.054%	$3.8M	$43.1M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.9	−0.041%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0073%	8h	4,322.5	+0.018%	$19K	$5K	5x	as long as short
Aster XAUUSD1	+0.0081%	4h	4,324.6	+0.068%	$72.4M	$311.2M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0082%	4h	4,321.1	−0.013%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0086%	4h	4,324.8	+0.071%	$278.8M	$409.8M	100x	as long as short
Variational Omni XAU	+0.0093%	4h	4,320.2	−0.034%	$47.3M	$29.3M	—	as long as short
Lighter RH XAU	+0.0096%	1h	4,324.5	+0.065%	$19.8M	$38.4M	25x	as long as short
Phoenix GOLD	+0.0100%	1h	4,320.2	−0.034%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.1	−0.060%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDTshort	+0.0100%	4h	4,322.7	+0.023%	$362.1M	$326.6M	1000x
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.8	−0.044%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0102%	4h	4,323	+0.029%	$415.2M	$2.14B	100x	as long as short
Aevo XAU-PERPlong	+0.0104%	1h	4,321.7	long leg	$160K	$87	10x
edgeX XAUUSDC	+0.0105%	4h	4,319.3	−0.056%	$30.1M	$60.8M	50x	as long as short
Kraken Futures PF_XAUUSD	+0.0154%	1h	4,319.6	−0.048%	$588K	$131K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,324.5	+0.066%	$4.2M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,322.2	+0.012%	$59K	$81K	10x	as long as short
HTX XAU-USDT	+0.0217%	4h	4,324.8	+0.073%	$2.8M	$5.0M	75x	as long as short
Polymarket Perps GOLD-USD	+0.0219%	1h	4,322.6	+0.021%	$4.2M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0236%	4h	4,323	+0.030%	$68.0M	$119.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0316%	8h	4,323.4	+0.040%	$170.3M	$296.5M	100x	as long as short
BloFin XAU-USDT	+0.0342%	4h	4,322.6	+0.021%	$16.2M	$4.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0352%	1h	4,322.1	+0.010%	$193K	$830K	25x	as long as short
Phemex XAUUSDT	+0.0397%	4h	4,324.3	+0.061%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,322.2	+0.012%	$252K	—	111x	as long as short