Funding arb · Price arb / RWA

XAU

RWAAll XAU markets →

LONGAvantis▾SunX 0.0000%Injective +0.0033%Kalshi +0.0039%Lighter RH +0.0040%QFEX +0.0045%Vest Markets +0.0046%Ondo Perps +0.0050%tradeXYZ +0.0051%StandX +0.0075%Paradex +0.0094%Pacifica +0.0100%ApeX Omni +0.0100%Bluefin +0.0100%Avantis +0.0108%Aevo +0.0128%Phoenix +0.0133%Aster +0.0144%Coinbase International +0.0144%Lighter +0.0152%GMX +0.0154%gTrade (Gains Network) +0.0166%Variational Omni +0.0181%MEXC +0.0200%Binance +0.0204%edgeX +0.0207%Extended +0.0216%Popdex +0.0232%Gate +0.0254%Bitget +0.0286%OKX +0.0293%Bullet +0.0310%GRVT +0.0316%RISEx +0.0339%BingX +0.0368%Deribit +0.0376%Bybit +0.0378%Polymarket Perps +0.0398%BloFin +0.0440%Kraken Futures +0.0450%HTX +0.0561%

⇄⇅

SHORTPhemex▾Phemex +0.1655%HTX +0.0561%Kraken Futures +0.0450%BloFin +0.0440%Polymarket Perps +0.0398%Bybit +0.0378%Deribit +0.0376%BingX +0.0368%RISEx +0.0339%GRVT +0.0316%Bullet +0.0310%OKX +0.0293%Bitget +0.0286%Gate +0.0254%Popdex +0.0232%Extended +0.0216%edgeX +0.0207%Binance +0.0204%MEXC +0.0200%Variational Omni +0.0181%gTrade (Gains Network) −0.0157%Lighter +0.0152%Coinbase International +0.0144%Aster +0.0144%Phoenix +0.0133%Aevo +0.0128%Pacifica +0.0100%ApeX Omni +0.0100%Bluefin +0.0100%Paradex +0.0094%StandX +0.0075%tradeXYZ +0.0051%Ondo Perps +0.0050%Vest Markets +0.0046%QFEX +0.0045%Lighter RH +0.0040%Kalshi +0.0039%Injective +0.0033%SunX 0.0000%GMX +0.0083%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	AvantisXAU/USD	4,150.1	L +0.0108S +0.0023	pay 0.0013% / 1h	58m 24s	$2.3M	—	200x	Long Avantis
SHORT	PhemexXAUUSDT2	4,162	+0.1655	get 0.0828% / 4h	1h 58m	$2.3M	$393K	100x	Short Phemex

Price gap+0.287%

Funding gap+0.1547% /8h

Both sides work: funding pays +$46 a day on $10k, and the gap is 0.059% above its 7d average: +$6 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.088% in total, about +0.0042%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.287%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

AvantisPhemex

XAU on 41 exchanges

lowest funding first

Before you open

2 ok · 2 to watch

• i
  Note: Order book unknown—

  No order-book sample for Avantis: its slippage is not counted.
• i
  Note: Margin at max leverage$50 + $100

  Avantis 200x, Phemex 100x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ1h / 4h

  Payments land at different times. Close right after the slower leg pays.

  Long Avantis · 1h−$3.23

  Short Phemex · 4h+$49.65

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$46.42Long Avantis: 24 payments, −$3.23; short Phemex: 6 payments, +$49.65.
• ✓
  OK: Entry gap works for you+0.287% vs +0.229%

  You short the dearer leg. If the gap goes back to average, the short gains.
• i
  Note: Long leg is thinner$2.3M vs $2.3M OI

  Both legs are deep; Avantis is the smaller one.
• ✓
  OK: Points on a legAvantis Season 3

  Volume here counts toward the points program.
• !
  Watch: KYCAvantis No · Phemex Yes

  KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0042%/8h × 21 periods+$8.81

Price spread+0.287% → +0.229% (7d avg)+$5.86

Slippage, 4 ordersno data for Avantis—

Fee Avantis bp × 2 orders−$4.00

Fee Phemex bp × 2 orders−$12.00

Net, fees only · 7 days · $10k−$1.32

Costs to cover0.160%Break-even8.1 days

Slippage: Avantis: no order-book sample; Phemex: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGAvantis—————

SELL · SHORTPhemex5.8217.4 bp−$1765.8 bp−$658doesn’t fitdoesn’t fit

Closing costs about the same again.
Avantis: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

XAU news

posts that mention XAU or Gold, from every exchangeSearch all news →

09-30 15:36	BingX	Other	here’s what could move markets before your next trade 👀 which are you watching: gold, the dollar or AI stocks? 👇 @BingXOfficial on X ↗
09-30 02:07	Avantis	Other	The macro backdrop hasn’t changed much, but the reactions across markets have. Yields are pushing back toward multi-decade highs and equities are struggling to get much traction. $XAU is bouncing after getting hit hard, while $BTC has managed to recover toward $84K. That divergence is where this week gets interesting, and the crew is diving in tomorrow at 12:30pm ET 📺 @verantaxyz on X ↗
09-29 13:32	GRVT	Other	UPDATE: 74 of 109 RWA markets traded in week one. Gold led, Korean semis second, US brokerage third. Makers paid on all of them. @grvt_io on X ↗
09-29 08:55	ApeX Omni	Other	Quiet tape. S&P -0.8%, NASDAQ -0.9%, gold and oil barely moved. The 10y keeps grinding: 5.240%, another 13bp since Thursday. bitcoin:native $83,983 +1.3%, $ETH $2,712 +2.6%. $31M into spot ETFs, an eighth straight day. Fear and greed 73. @OfficialApeXdex on X ↗
09-28 20:36	BingX	Other	Core PCE takes center stage Wednesday 👀 A cooler print could lift gold, while a hotter one may boost USD and pressure stocks. Trade $XAU on BingX TradFi 👇 @BingXOfficial on X ↗
09-28 15:58	BingX	Other	Gold fell over $115 today to its lowest level since August. Higher bond yields, a stronger dollar, and high oil prices are pushing the market down 👀 @BingXOfficial on X ↗