Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.016%

Price spread now: GRVT against ApeX Omni+0.060%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$430.428% of the position

Long on ApeX Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now +0.060%, 7d avg +0.044%

Together, before fees−0.029%+ Points / potential airdropGRVT: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.044%, 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	4,362.3	0.0100	pay 0.0013% / 1h	20m 14s	$277K	$204K	50x
Short	GRVT XAU_USDT_Perp	4,364.9	0	get 0.0000% / 4h	20m 14s	$1.4M	$3.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$21
Price spread: +0.060% → +0.044%: $1.56
Slippage, 4 orders: −$23.78
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$62.22
Costs to cover: 0.428%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 57 min ago; GRVT: 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, 57 min ago	7.49 bp	16.6 bp −$17	28.1 bp −$281	43.4 bp −$4,342	doesn't fit
Sell GRVT live order book, 4 min ago	0.01 bp	4.6 bp −$5	5.1 bp −$51	doesn't fit	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
Bluefin GOLD-PERP	−0.0215%	1h	4,360.5	−0.041%	$26K	$22K	20x	as long as short
Hotstuff GOLD-PERP	−0.0104%	1h	4,362.3	0.000%	$33K	—	25x	as long as short
Phoenix GOLD	−0.0004%	1h	4,360.3	−0.045%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,367.8	+0.126%	$71.7M	$225.4M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,367.3	+0.115%	$410.2M	$2.13B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,367.4	+0.116%	$82.6M	$142.3M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,366.9	+0.106%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,368.2	+0.136%	$269.3M	$414.8M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,366.8	+0.103%	$376.5M	$323.2M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,367.6	+0.123%	$69.7M	$113.5M	100x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XAU	0.0000%	4h	4,366.6	+0.098%	$48.5M	$30.2M	—	as long as short
GRVT XAU_USDT_Perpshort	0.0000%	4h	4,364.9	+0.060%	$1.4M	$3.1M	25x
Kalshi KXGOLDPERP	0.0000%	24h	4,364.4	+0.049%	$4.1M	$36.0M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,372.5	+0.235%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,363.7	+0.032%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0008%	4h	4,359.1	−0.074%	$30.3M	$58.8M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,366	+0.085%	$5.4M	$1.9M	20x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.272%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,365.9	+0.083%	$20.7M	$44.8M	25x	as long as short
Extended XAU-USD	+0.0040%	1h	4,363.1	+0.019%	$13.1M	$45.4M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,367.1	+0.110%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,400.4	+0.874%	—	$1.0M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,368.2	+0.135%	$20.2M	$42.1M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,362.9	+0.014%	$293.7M	$52.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,363.3	+0.024%	$14.6M	$56.8M	25x	as long as short
Paradex XAU-USD-PERP	+0.0053%	8h	4,366.8	+0.103%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,366.7	+0.102%	$162K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0098%	1h	4,366.3	+0.092%	$4.3M	$1.8M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,363.7	+0.033%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDTlong	+0.0100%	1h	4,362.3	long leg	$277K	$204K	50x
Bullet GOLD-USD	+0.0102%	1h	4,367.2	+0.113%	$59K	$81K	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,364.4	+0.049%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0161%	8h	4,368.4	+0.140%	$159.0M	$274.0M	100x	as long as short
HTX XAU-USDT	+0.0170%	4h	4,370.7	+0.194%	$2.8M	$3.7M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,364.5	+0.051%	$602K	$136K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,367.2	+0.112%	$14.8M	$4.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0277%	1h	4,366.4	+0.094%	$235K	$736K	25x	as long as short
Phemex XAUUSDT	+0.0327%	4h	4,367.2	+0.112%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,368.2	+0.135%	$252K	—	111x	as long as short