Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0080%/8h= −8.8% APRnext payment $0.10 per $10,000 · paid last 24h +0.018%
Price spread now: RISEx against Aevo+0.021%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$360.365% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.010%−$1 on $10k
Price spread, last 3 days (all we have)−0.037%−$4 · spread now +0.021%, 7d avg +0.026%
Together, before fees−0.047%−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo XAU-PERP4,370.10.0080pay 0.0010% / 1h15m 33s$162K$8710x
ShortRISEx XAU/USDC4,3710get 0.0000% / 1h15m 33s$3.4M$12.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
−$16.8
Price spread: +0.021% → +0.026%
−$0.51
Slippage, 4 orders
−$14.48
Fee Aevo: 8 bp × 2 orders
−$16
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$53.79
Costs to cover
0.365%
Break-even
never at this rate
Slippage from Aevo: live order book, 63 min ago; RISEx: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 63 min ago5.76 bp15.0 bp −$1527.5 bp −$275doesn't fitdoesn't fit
Sell RISEx live order book, 4 min ago0.27 bp3.3 bp −$34.5 bp −$4565.1 bp −$6,508doesn't fit

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin GOLD-PERP−0.0227%1h4,363−0.164%$26K$22K20xas long as short
Hotstuff GOLD-PERP−0.0008%1h4,366.9−0.074%$33K25xas long as short
Phoenix GOLD−0.0004%1h4,370.3+0.004%$48K$65K25xas long as short
Aster XAUUSD10.0000%4h4,371.1+0.023%$71.9M$224.9M20xas long as short
Binance XAUUSDT0.0000%4h4,370.4+0.006%$410.8M$2.14B100xas long as short
Bybit XAUUSDT0.0000%4h4,370.9+0.018%$82.7M$142.6M150xas long as short
RISEx XAU/USDCshort0.0000%1h4,371+0.021%$3.4M$12.3M25x
Gate XAU_USDT0.0000%4h4,371.4+0.029%$267.4M$417.6M100xas long as short
MEXC XAU_USDT0.0000%4h4,370.3+0.005%$375.4M$324.1M1000xas long as short
Bitget XAUUSDT0.0000%4h4,370.5+0.009%$69.6M$113.4M100xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni XAU0.0000%4h4,370.5+0.008%$48.5M$29.3Mas long as short
GRVT XAU_USDT_Perp0.0000%4h4,371+0.021%$1.4M$3.1M25xas long as short
Kalshi KXGOLDPERP0.0000%24h4,368−0.048%$4.0M$36.2M15xas long as short
SunX XAU-USDT0.0000%4h4,375.3+0.119%$93K$10.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,366.6−0.080%$268K250xas long as short
edgeX XAUUSDC+0.0009%4h4,365.9−0.097%$30.4M$59.4M50xas long as short
QFEX GOLD-USD+0.0032%1h4,370−0.003%$5.4M$1.9M20xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.451%$619$5452xas long as short
Lighter XAU+0.0040%1h4,369.7−0.009%$20.7M$44.9M25xas long as short
StandX XAU-USD+0.0040%1h4,371.5+0.032%$3.8M$4.7M40xas long as short
Vest GC-PERP+0.0046%1h4,405.1+0.801%$1.0M25xas long as short
Lighter RH XAU+0.0048%1h4,372.2+0.047%$20.2M$42.3M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,367−0.071%$294.2M$52.5M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,367−0.072%$14.7M$57.0M25xas long as short
Paradex XAU-USD-PERP+0.0054%8h4,370.5+0.009%$19K$5K5xas long as short
Extended XAU-USD+0.0056%1h4,366.8−0.077%$13.1M$45.5M25xas long as short
Aevo XAU-PERPlong+0.0080%1h4,370.1long leg$162K$8710x
Pacifica XAU+0.0100%1h4,367.4−0.062%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,368.6−0.036%$277K$204K50xas long as short
Polymarket Perps GOLD-USD+0.0104%1h4,370−0.003%$4.3M$1.8M20xas long as short
Bullet GOLD-USD+0.0109%1h4,370.7+0.013%$59K$81K10xas long as short
Coinbase International GOLD-PERP-INTX+0.0152%1h4,370.10.000%$2.0M$5.1M25xas long as short
OKX XAU-USDT-SWAP+0.0162%8h4,371.4+0.029%$158.6M$274.4M100xas long as short
HTX XAU-USDT+0.0181%4h4,377+0.158%$2.8M$3.8M75xas long as short
Kraken Futures PF_XAUUSD+0.0219%1h4,367.7−0.054%$602K$137K25xas long as short
BloFin XAU-USDT+0.0240%4h4,371+0.021%$14.8M$4.5M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0254%1h4,369.1−0.023%$235K$736K25xas long as short
Phemex XAUUSDT+0.0317%4h4,370.3+0.003%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0389% / S −0.0197%1h4,370.5+0.009%$252K111xas long as short