Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h 0.000%

Price spread now: Binance against ApeX Omni−0.079%7-day average +0.041% · 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−$54as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.079%, 7d avg +0.041%

Together, before fees+0.090%+$9 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 0.119% cheaper against ApeX Omni than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAUUSDT	4,303.5	0.0100	pay 0.0013% / 1h	27m 16s	$275K	$218K	50x
Short	Binance XAUUSDT	4,300.1	0.0109	get 0.0054% / 4h	3h 27m	$434.8M	$2.24B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now −0.079%Rate

Funding earned: $1.86
Price spread: −0.079% → +0.041%: −$11.95
Slippage, 4 orders: −$22.43
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$52.51
Costs to cover: 0.424%
Break-even: 204.6 days

Slippage from ApeX Omni: live order book, 5 min ago; Binance: 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 ApeX Omni live order book, 5 min ago	3.65 bp	16.3 bp −$16	28.4 bp −$284	51.6 bp −$5,160	doesn't fit
Sell Binance live order book, 2 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	7.1 bp −$713	11.5 bp −$5,773

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	4,305.9	+0.056%	$92K	$6.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,295.1	−0.194%	$272K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.091%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,301.1	−0.055%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,330.8	+0.635%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,298.5	−0.115%	$6.6M	$3.1M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,296.3	−0.166%	$290.4M	$54.8M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,296.2	−0.169%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,296.5	−0.161%	$15.0M	$55.8M	25x	as long as short
Aster XAUUSD1	+0.0055%	4h	4,301.5	−0.047%	$73.3M	$271.3M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,294.4	−0.211%	$2.0M	$5.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,299.4	−0.094%	$2K	$13K	5x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,297	−0.150%	$32K	—	25x	as long as short
Lighter XAU	+0.0080%	1h	4,299	−0.104%	$20.2M	$29.3M	25x	as long as short
Extended XAU-USD	+0.0088%	1h	4,296.2	−0.170%	$13.0M	$36.3M	25x	as long as short
Variational Omni XAU	+0.0092%	4h	4,306.3	+0.067%	$46.7M	$29.2M	—	as long as short
Phoenix GOLD	+0.0095%	1h	4,298.3	−0.120%	$42K	$86K	25x	as long as short
Bybit XAUUSDT	+0.0097%	4h	4,301.7	−0.040%	$77.6M	$159.2M	150x	as long as short
Pacifica XAU	+0.0100%	1h	4,296.9	−0.152%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDTlong	+0.0100%	1h	4,303.5	long leg	$275K	$218K	50x
MEXC XAU_USDT	+0.0108%	4h	4,297.8	−0.132%	$362.3M	$342.5M	1000x	as long as short
Binance XAUUSDTshort	+0.0109%	4h	4,300.1	−0.079%	$434.8M	$2.24B	100x
Kalshi KXGOLDPERP	+0.0111%	24h	4,301	−0.057%	$3.6M	$46.8M	15x	as long as short
Lighter RH XAU	+0.0112%	1h	4,301.4	−0.048%	$19.7M	$40.3M	25x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,300.5	−0.068%	$159K	$87	10x	as long as short
edgeX XAUUSDC	+0.0121%	4h	4,304	+0.013%	$30.0M	$62.0M	50x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,299.6	−0.089%	$4.4M	$13.1M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,306	+0.058%	$1.4M	$3.1M	25x	as long as short
Gate XAU_USDT	+0.0158%	4h	4,303.1	−0.009%	$298.4M	$431.5M	100x	as long as short
Bitget XAUUSDT	+0.0196%	4h	4,300.2	−0.075%	$70.3M	$126.5M	100x	as long as short
Bullet GOLD-USD	+0.0198%	1h	4,301	−0.058%	$58K	$81K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0239%	1h	4,299.8	−0.085%	$133K	$852K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,302.1	−0.032%	$170.4M	$336.7M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0329%	1h	4,298.1	−0.124%	$572K	$139K	25x	as long as short
BloFin XAU-USDT	+0.0391%	4h	4,305.5	+0.048%	$16.3M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0465% / S −0.0312%	1h	4,300.6	−0.066%	$253K	—	111x	as long as short
Phemex XAUUSDT	+0.0656%	4h	4,303.6	+0.002%	$2.2M	$956K	100x	as long as short
HTX XAU-USDT	+0.1140%	4h	4,305.8	+0.053%	$3.2M	$6.8M	75x	as long as short
Bluefin GOLD-PERP	+0.3118%	1h	4,295.1	−0.195%	$25K	$1K	20x	as long as short