Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.015%

Price spread now: Gate against ApeX Omni+0.116%81s7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.469% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.151%−$15 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.116%, 7d avg +0.072%

Together, before fees−0.171%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.044% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of +0.072%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.1 days. At the pace of the last 7 days (−0.151% in total) that is about 2.0 days. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAUUSDT	4,330.6	0.0100	pay 0.0013% / 1h	28m 11s	$287K	$227K	50x
Short	Gate XAU_USDT	4,335.6	0.0076	get 0.0038% / 4h	1h 28m	$298.6M	$447.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.116%Rate

Funding earned: −$5.04
Price spread: +0.116% → +0.072%: $4.36
Slippage, 4 orders: −$21.93
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$47.61
Costs to cover: 0.469%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 17 min ago; Gate: live order book, 4 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, 17 min ago	5.72 bp	15.0 bp −$15	26.0 bp −$260	35.5 bp −$3,545	doesn't fit
Sell Gate live order book, 4 min ago	0.01 bp	7.5 bp −$8	7.9 bp −$79	12.2 bp −$1,224	14.2 bp −$7,086

XAU on 39 exchanges

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	−3.2000%	1h	4,331.1	+0.012%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,338.2	+0.175%	$92K	$5.8M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,328.4	−0.050%	$2.1M	$5.0M	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.4	−0.004%	$304K	—	250x	as long as short
Bluefin GOLD-PERP	+0.0024%	1h	4,327.8	−0.063%	$25K	$1K	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0027%	1h	4,332.6	+0.047%	$135K	$708K	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.458%	$619	$54	52x	as long as short
Aster XAUUSD1	+0.0038%	4h	4,335.6	+0.115%	$72.2M	$276.2M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,335	+0.102%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,333	+0.056%	$6.7M	$3.2M	20x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,367.6	+0.855%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,330.7	+0.003%	$292.7M	$51.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,329.4	−0.027%	$15.1M	$59.7M	25x	as long as short
Paradex XAU-USD-PERP	+0.0053%	8h	4,333.6	+0.069%	$2K	$13K	5x	as long as short
Variational Omni XAU	+0.0064%	4h	4,333.5	+0.068%	$47.3M	$28.7M	—	as long as short
Lighter XAU	+0.0072%	1h	4,333.7	+0.073%	$20.1M	$30.4M	25x	as long as short
Gate XAU_USDTshort	+0.0076%	4h	4,335.6	+0.116%	$298.6M	$447.5M	100x
MEXC XAU_USDT	+0.0078%	4h	4,333.9	+0.077%	$368.0M	$355.3M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0078%	4h	4,334.1	+0.082%	$1.4M	$3.1M	25x	as long as short
Binance XAUUSDT	+0.0079%	4h	4,334	+0.079%	$441.4M	$2.43B	100x	as long as short
edgeX XAUUSDC	+0.0084%	4h	4,330	−0.013%	$30.3M	$66.9M	50x	as long as short
Lighter RH XAU	+0.0096%	1h	4,335.9	+0.123%	$19.7M	$40.0M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,330.9	+0.007%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDTlong	+0.0100%	1h	4,330.6	long leg	$287K	$227K	50x
Aevo XAU-PERP	+0.0104%	1h	4,332.9	+0.053%	$160K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0116%	1h	4,334.2	+0.084%	$4.3M	$1.7M	20x	as long as short
Phoenix GOLD	+0.0127%	1h	4,332	+0.033%	$43K	$71K	25x	as long as short
Bybit XAUUSDT	+0.0128%	4h	4,335.3	+0.110%	$82.7M	$169.4M	150x	as long as short
Kalshi KXGOLDPERP	+0.0140%	24h	4,335.3	+0.109%	$3.5M	$51.2M	15x	as long as short
Extended XAU-USD	+0.0144%	1h	4,330.4	−0.004%	$12.5M	$34.5M	25x	as long as short
Bullet GOLD-USD	+0.0159%	1h	4,334.2	+0.085%	$59K	$77K	10x	as long as short
Bitget XAUUSDT	+0.0198%	4h	4,333.9	+0.076%	$72.8M	$139.9M	100x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,334.2	+0.083%	$4.7M	$13.2M	25x	as long as short
Phemex XAUUSDT	+0.0208%	4h	4,336.7	+0.142%	$2.3M	$777K	100x	as long as short
OKX XAU-USDT-SWAP	+0.0232%	8h	4,335	+0.102%	$170.8M	$361.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,331.2	+0.014%	$583K	$167K	25x	as long as short
BloFin XAU-USDT	+0.0321%	4h	4,334.6	+0.092%	$16.4M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0308%	1h	4,335.2	+0.106%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.1046%	4h	4,340.1	+0.219%	$3.2M	$7.1M	75x	as long as short