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−0.0045%/8h= −4.9% APRnext payment $0.06 per $10,000 · paid last 24h +0.007%
Price spread now: Phoenix against ApeX Omni−0.013%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 7 days+0.030%+$3 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XAUUSDT4,360.80.0100pay 0.0013% / 1h28m 22s$275K$204K50x
ShortPhoenix GOLD4,360.20.0055get 0.0007% / 1h28m 22s$48K$64K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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
−$9.47
Price spread: −0.013% → 0.000%
−$1.31
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$27.77
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 44 min ago; Phoenix: 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, 44 min ago4.79 bp15.6 bp −$1625.6 bp −$256doesn't fitdoesn't fit
Sell Phoenix no order-book sample
Phoenix: 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
Aster XAUUSD10.0000%4h4,360.9+0.003%$71.1M$200.3M20xas long as short
Gate XAU_USDT0.0000%4h4,362.9+0.049%$265.5M$415.2M100xas long as short
Variational Omni XAU0.0000%4h4,362.5+0.040%$48.0M$28.0Mas long as short
Kalshi KXGOLDPERP0.0000%24h4,360−0.018%$4.0M$36.4M15xas long as short
SunX XAU-USDT0.0000%4h4,366.5+0.131%$93K$10.2M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,357.9−0.066%$267K250xas long as short
Hotstuff GOLD-PERP+0.0008%1h4,358.7−0.047%$33K25xas long as short
MEXC XAU_USDT+0.0014%4h4,361.8+0.023%$373.5M$326.9M1000xas long as short
Binance XAUUSDT+0.0016%4h4,362+0.027%$411.9M$2.15B100xas long as short
edgeX XAUUSDC+0.0017%4h4,356.7−0.094%$30.3M$60.6M50xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.237%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,363+0.051%$3.8M$4.7M40xas long as short
QFEX GOLD-USD+0.0045%1h4,361.7+0.021%$5.6M$1.9M20xas long as short
Vest GC-PERP+0.0046%1h4,395.9+0.806%$1.0M25xas long as short
RISEx XAU/USDC+0.0048%1h4,361.9+0.026%$3.4M$12.3M25xas long as short
Bitget XAUUSDT+0.0048%4h4,362.6+0.042%$69.6M$113.3M100xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,358.8−0.045%$293.9M$52.6M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,357.4−0.078%$14.7M$57.3M25xas long as short
Phoenix GOLDshort+0.0055%1h4,360.2−0.013%$48K$64K25x
BloFin XAU-USDT+0.0057%4h4,363.5+0.062%$15.5M$4.5M100xas long as short
Lighter XAU+0.0072%1h4,360.9+0.003%$20.6M$43.9M25xas long as short
Paradex XAU-USD-PERP+0.0080%8h4,361.8+0.023%$19K$5K5xas long as short
Aevo XAU-PERP+0.0088%1h4,360.9+0.003%$161K$8710xas long as short
Lighter RH XAU+0.0096%1h4,363.2+0.056%$20.2M$41.0M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0096%1h4,360.1−0.015%$2.0M$5.1M25xas long as short
Pacifica XAU+0.0100%1h4,358.4−0.054%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDTlong+0.0100%1h4,360.8long leg$275K$204K50x
Bluefin GOLD-PERP+0.0100%1h4,354.6−0.141%$26K$22K20xas long as short
Bybit XAUUSDT+0.0111%4h4,363+0.051%$83.1M$143.8M150xas long as short
Extended XAU-USD+0.0112%1h4,358−0.064%$13.5M$43.9M25xas long as short
Polymarket Perps GOLD-USD+0.0128%1h4,361.2+0.010%$4.3M$1.8M20xas long as short
GRVT XAU_USDT_Perp+0.0152%4h4,362.7+0.045%$1.4M$3.1M25xas long as short
OKX XAU-USDT-SWAP+0.0196%8h4,363.4+0.060%$165.6M$286.3M100xas long as short
Bullet GOLD-USD+0.0214%1h4,362.1+0.030%$59K$81K10xas long as short
Kraken Futures PF_XAUUSD+0.0225%1h4,358.9−0.043%$594K$151K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0232%1h4,360.8+0.001%$235K$656K25xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0389% / S −0.0197%1h4,361.9+0.026%$252K111xas long as short
Phemex XAUUSDT+0.0511%4h4,365.2+0.101%$2.2M$1.1M100xas long as short
HTX XAU-USDT+0.0611%4h4,367+0.142%$2.9M$3.9M75xas long as short