Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.027%

Price spread now: Bitget against ApeX Omni+0.057%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

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

costs, in and out, $10k−$470.468% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now +0.057%, 7d avg +0.049%

Together, before fees+0.065%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.049%, 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	ApeX Omni XAUUSDT	4,310.9	0.0100	pay 0.0013% / 1h	46m 47s	$273K	$216K	50x
Short	Bitget XAUUSDT	4,313.4	0.0196	get 0.0098% / 4h	3h 46m	$70.3M	$123.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.057%Rate

Funding earned: $20.16
Price spread: +0.057% → +0.049%: $0.79
Slippage, 4 orders: −$24.81
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$25.86
Costs to cover: 0.468%
Break-even: 16.0 days

Slippage from ApeX Omni: live order book, 50 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 ApeX Omni live order book, 50 min ago	5.20 bp	18.0 bp −$18	28.2 bp −$282	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.01 bp	6.0 bp −$6	7.1 bp −$71	10.9 bp −$1,086	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
Hotstuff GOLD-PERP	0.0000%	1h	4,309.8	−0.026%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,317.9	+0.162%	$92K	$6.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,310.3	−0.016%	$269K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.916%	$619	$54	52x	as long as short
Vest GC-PERP	+0.0046%	1h	4,346	+0.814%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,312.3	+0.032%	$6.6M	$3.2M	20x	as long as short
Extended XAU-USD	+0.0048%	1h	4,309.8	−0.027%	$13.0M	$36.1M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,309.7	−0.029%	$291.3M	$54.4M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,310.6	−0.008%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,311.1	+0.004%	$15.0M	$55.8M	25x	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	4,309.8	−0.026%	$2.0M	$5.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,312.9	+0.046%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0067%	4h	4,314.8	+0.091%	$73.3M	$271.9M	20x	as long as short
Lighter RH XAU	+0.0072%	1h	4,315.1	+0.097%	$19.8M	$39.5M	25x	as long as short
Lighter XAU	+0.0080%	1h	4,312.6	+0.039%	$20.3M	$28.6M	25x	as long as short
Phoenix GOLD	+0.0095%	1h	4,311.6	+0.016%	$42K	$86K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,309.6	−0.031%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDTlong	+0.0100%	1h	4,310.9	long leg	$273K	$216K	50x
Bluefin GOLD-PERP	+0.0100%	1h	4,308.5	−0.057%	$25K	$1K	20x	as long as short
Bybit XAUUSDT	+0.0100%	4h	4,314.3	+0.079%	$77.2M	$157.2M	150x	as long as short
Kalshi KXGOLDPERP	+0.0106%	24h	4,316.1	+0.120%	$3.7M	$46.2M	15x	as long as short
Variational Omni XAU	+0.0107%	4h	4,314.5	+0.084%	$46.7M	$29.3M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,313.3	+0.055%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0116%	4h	4,313.5	+0.059%	$358.1M	$333.9M	1000x	as long as short
Binance XAUUSDT	+0.0118%	4h	4,313.4	+0.057%	$437.7M	$2.22B	100x	as long as short
edgeX XAUUSDC	+0.0124%	4h	4,311.6	+0.017%	$30.0M	$61.7M	50x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,313.8	+0.066%	$4.4M	$13.1M	25x	as long as short
StandX XAU-USD	+0.0151%	1h	4,313.9	+0.069%	$3.8M	$4.5M	40x	as long as short
Gate XAU_USDT	+0.0162%	4h	4,315.5	+0.106%	$294.9M	$422.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0168%	1h	4,312.7	+0.041%	$134K	$878K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0178%	4h	4,314.5	+0.082%	$1.4M	$3.1M	25x	as long as short
Bitget XAUUSDTshort	+0.0196%	4h	4,313.4	+0.057%	$70.3M	$123.9M	100x
Phemex XAUUSDT	+0.0197%	4h	4,317.2	+0.145%	$2.2M	$951K	100x	as long as short
Bullet GOLD-USD	+0.0211%	1h	4,314.5	+0.082%	$58K	$81K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0253%	8h	4,313.7	+0.064%	$170.3M	$327.1M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,311.3	+0.008%	$573K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0398%	4h	4,314	+0.071%	$16.4M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0467% / S −0.0314%	1h	4,313.8	+0.066%	$255K	—	111x	as long as short
HTX XAU-USDT	+0.1261%	4h	4,321.7	+0.250%	$3.2M	$6.2M	75x	as long as short