Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0060%/8h= −6.6% APRnext payment $0.07 per $10,000 · paid last 24h −0.011%
Price spread now: StandX against ApeX Omni+0.161%61s7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$480.478% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.090%−$9 on $10k
Price spread, last 4 days (all we have)−0.105%−$10 · spread now +0.161%, 7d avg +0.053%
Together, before fees−0.195%+ Points / potential airdropStandX: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. StandX is 0.108% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.161% now, against its 7-day average of +0.053%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.0 days. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XAUUSDT4,3300.0100pay 0.0013% / 1h6m 03s$273K$208K50x
ShortStandX XAU-USD4,3370.0040get 0.0005% / 1h6m 03s$3.8M$4.5M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
−$12.6
Price spread: +0.161% → +0.053%
$10.78
Slippage, 4 orders
−$29.83
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
−$49.65
Costs to cover
0.478%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 41 min ago; StandX: live order book, 3 min ago.

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, 41 min ago4.63 bp19.8 bp −$2031.8 bp −$31864.7 bp −$6,469doesn't fit
Sell StandX live order book, 3 min ago0.12 bp9.8 bp −$1010.2 bp −$10210.9 bp −$1,09415.0 bp −$7,482

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
SunX XAU-USDT0.0000%4h4,338.8+0.204%$92K$8.1M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,331.8+0.040%$271K250xas long as short
Bybit XAUUSDT+0.0006%4h4,334.3+0.100%$78.4M$156.4M150xas long as short
Extended XAU-USD+0.0032%1h4,330.4+0.009%$13.1M$36.7M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.471%$619$5452xas long as short
StandX XAU-USDshort+0.0040%1h4,337+0.161%$3.8M$4.5M40x
QFEX GOLD-USD+0.0044%1h4,334.2+0.097%$5.5M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,368.5+0.889%$1.0M25xas long as short
Lighter XAU+0.0048%1h4,334.4+0.100%$20.4M$31.8M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,330.9+0.020%$292.1M$51.6M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.P+0.0050%1h4,332.2+0.049%$15.0M$56.5M25xas long as short
RISEx XAU/USDC+0.0054%1h4,337.2+0.165%$3.8M$12.5M25xas long as short
Gate XAU_USDT+0.0062%4h4,335.6+0.129%$271.0M$419.1M100xas long as short
Kalshi KXGOLDPERP+0.0064%24h4,336.2+0.143%$4.0M$42.3M15xas long as short
Paradex XAU-USD-PERP+0.0071%8h4,336.4+0.148%$19K$5K5xas long as short
Lighter RH XAU+0.0072%1h4,336.6+0.151%$19.9M$39.0M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,333.5+0.080%$2.0M$4.8M25xas long as short
Aster XAUUSD1+0.0094%4h4,335.7+0.131%$72.4M$329.9M20xas long as short
Pacifica XAU+0.0100%1h4,332.7+0.061%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDTlong+0.0100%1h4,330long leg$273K$208K50x
Bluefin GOLD-PERP+0.0100%1h4,329.5−0.012%$25K$14K20xas long as short
Variational Omni XAU+0.0101%4h4,331.5+0.034%$46.8M$28.6Mas long as short
GRVT XAU_USDT_Perp+0.0104%4h4,333.5+0.079%$1.4M$3.0M25xas long as short
MEXC XAU_USDT+0.0110%4h4,333.7+0.085%$363.7M$331.1M1000xas long as short
Binance XAUUSDT+0.0110%4h4,333.8+0.088%$414.3M$2.12B100xas long as short
Aevo XAU-PERP+0.0112%1h4,335+0.115%$161K$8710xas long as short
edgeX XAUUSDC+0.0126%4h4,327.8−0.051%$30.1M$60.3M50xas long as short
Phoenix GOLD+0.0127%1h4,330.6+0.013%$47K$77K25xas long as short
Hotstuff GOLD-PERP+0.0152%1h4,331+0.023%$32K25xas long as short
Bullet GOLD-USD+0.0159%1h4,335.8+0.133%$59K$82K10xas long as short
Polymarket Perps GOLD-USD+0.0176%1h4,335.2+0.120%$4.2M$2.0M20xas long as short
HTX XAU-USDT+0.0225%4h4,338.6+0.197%$2.8M$5.0M75xas long as short
Kraken Futures PF_XAUUSD+0.0247%1h4,332.5+0.056%$590K$130K25xas long as short
Bitget XAUUSDT+0.0250%4h4,333.6+0.082%$68.1M$118.9M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0304%1h4,334.5+0.103%$195K$826K25xas long as short
OKX XAU-USDT-SWAP+0.0328%8h4,334.3+0.099%$170.6M$297.4M100xas long as short
Phemex XAUUSDT+0.0347%4h4,337+0.161%$2.2M$962K100xas long as short
BloFin XAU-USDT+0.0356%4h4,334.5+0.103%$16.0M$4.5M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0461% / S −0.0304%1h4,335.3+0.123%$253K111xas long as short