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−0.0330%/8h= −36.2% APRnext payment $0.41 per $10,000 · paid last 24h +0.232%
Price spread now: Bluefin against ApeX Omni−0.121%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bluefin is 0.121% cheaper against ApeX Omni than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XAUUSDT4,368.60.0100pay 0.0013% / 1h15m 08s$277K$204K50x
ShortBluefin GOLD-PERP4,363.3−0.0230pay 0.0029% / 1h15m 08s$26K$22K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin 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

Funding earned
−$69.35
Price spread: −0.121% → 0.000%
−$12.11
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$98.46
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 62 min ago; Bluefin: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 62 min ago7.49 bp16.6 bp −$1728.1 bp −$28143.4 bp −$4,342doesn't fit
Sell Bluefin no order-book sample
Bluefin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-PERPshort−0.0230%1h4,363.3−0.121%$26K$22K20x
Hotstuff GOLD-PERP−0.0008%1h4,366.9−0.038%$33K25xas long as short
Phoenix GOLD−0.0004%1h4,370.3+0.040%$48K$65K25xas long as short
Aster XAUUSD10.0000%4h4,371.6+0.071%$71.9M$224.8M20xas long as short
Binance XAUUSDT0.0000%4h4,371.4+0.065%$410.9M$2.14B100xas long as short
Bybit XAUUSDT0.0000%4h4,371.8+0.073%$82.7M$142.6M150xas long as short
RISEx XAU/USDC0.0000%1h4,371+0.057%$3.4M$12.3M25xas long as short
Gate XAU_USDT0.0000%4h4,372+0.079%$267.5M$417.7M100xas long as short
MEXC XAU_USDT0.0000%4h4,370.9+0.054%$376.1M$324.1M1000xas long as short
Bitget XAUUSDT0.0000%4h4,371.8+0.075%$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+0.044%$48.5M$29.3Mas long as short
GRVT XAU_USDT_Perp0.0000%4h4,371+0.057%$1.4M$3.1M25xas long as short
Kalshi KXGOLDPERP0.0000%24h4,368.2−0.008%$4.0M$36.2M15xas long as short
SunX XAU-USDT0.0000%4h4,375+0.147%$93K$10.5M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,366.5−0.047%$268K250xas long as short
edgeX XAUUSDC+0.0009%4h4,365.9−0.061%$30.4M$59.4M50xas long as short
QFEX GOLD-USD+0.0032%1h4,370+0.033%$5.4M$1.9M20xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.415%$619$5452xas long as short
Lighter XAU+0.0040%1h4,370.3+0.039%$20.8M$44.9M25xas long as short
StandX XAU-USD+0.0040%1h4,371.8+0.074%$3.8M$4.7M40xas long as short
Vest GC-PERP+0.0046%1h4,404.8+0.830%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,367.6−0.022%$294.3M$52.5M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,367−0.036%$14.7M$57.0M25xas long as short
Paradex XAU-USD-PERP+0.0054%8h4,370.5+0.045%$19K$5K5xas long as short
Lighter RH XAU+0.0056%1h4,372.9+0.099%$20.2M$42.3M25xas long as short
Extended XAU-USD+0.0064%1h4,366.6−0.044%$13.1M$45.5M25xas long as short
Aevo XAU-PERP+0.0080%1h4,369.9+0.031%$162K$8710xas long as short
Pacifica XAU+0.0100%1h4,367.4−0.026%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDTlong+0.0100%1h4,368.6long leg$277K$204K50x
Polymarket Perps GOLD-USD+0.0104%1h4,370+0.033%$4.3M$1.8M20xas long as short
Bullet GOLD-USD+0.0111%1h4,370.7+0.049%$59K$81K10xas long as short
Coinbase International GOLD-PERP-INTX+0.0152%1h4,367.2−0.031%$2.0M$5.1M25xas long as short
OKX XAU-USDT-SWAP+0.0162%8h4,371.8+0.074%$158.6M$274.4M100xas long as short
HTX XAU-USDT+0.0186%4h4,377+0.194%$2.8M$3.8M75xas long as short
Kraken Futures PF_XAUUSD+0.0219%1h4,368.1−0.010%$603K$137K25xas long as short
BloFin XAU-USDT+0.0240%4h4,370.9+0.054%$14.8M$4.5M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0254%1h4,369.8+0.029%$235K$736K25xas long as short
Phemex XAUUSDT+0.0320%4h4,370.9+0.054%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0389% / S −0.0197%1h4,370.7+0.049%$252K111xas long as short