Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0076%/8h= +8.4% APRpaid last 24h −0.006%

Price spread now: Aevo against Binance−0.041%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Binance Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 2 days (all we have)+0.019%+$2 · spread now −0.041%, 7d avg −0.012%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aevo is 0.029% cheaper against Binance than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of −0.012%). If the spread goes back, that is −$3 on $10k: about 30 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.035% in total) that is about 5.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAUUSDT	4,366.6	0.0004	pay 0.0002% / 4h	3h 36m	$410.7M	$2.15B	100x
Short	Aevo XAU-PERP	4,364.9	0.0080	get 0.0010% / 1h	36m 15s	$162K	$87	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now −0.041%Rate

Funding earned: $16.06
Price spread: −0.041% → −0.012%: −$2.86
Slippage, 4 orders: −$14.24
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$27.04
Costs to cover: 0.402%
Break-even: 18.8 days

Slippage from Binance: live order book, 8 min ago; Aevo: live order book, 37 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 Binance live order book, 8 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	7.2 bp −$721	doesn't fit
Sell Aevo live order book, 37 min ago	5.30 bp	14.9 bp −$15	27.8 bp −$278	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
Aster XAUUSD1	0.0000%	4h	4,366.2	−0.010%	$71.1M	$201.1M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,366.9	+0.006%	$265.6M	$413.2M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,365.9	−0.017%	$373.5M	$324.6M	1000x	as long as short
Variational Omni XAU	0.0000%	4h	4,365.3	−0.030%	$48.6M	$27.5M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,362.1	−0.104%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,370.5	+0.089%	$93K	$10.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,362	−0.107%	$268K	—	250x	as long as short
Binance XAUUSDTlong	+0.0004%	4h	4,366.6	long leg	$410.7M	$2.15B	100x
edgeX XAUUSDC	+0.0004%	4h	4,358.8	−0.179%	$30.3M	$60.3M	50x	as long as short
Bitget XAUUSDT	+0.0028%	4h	4,366.8	+0.003%	$69.6M	$113.6M	100x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.371%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,364.2	−0.056%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,365	−0.037%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,399.1	+0.744%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,365.5	−0.027%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,362.3	−0.099%	$294.0M	$52.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,360.5	−0.140%	$14.7M	$57.2M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,362.9	−0.085%	$48K	$64K	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,360	−0.152%	$33K	—	25x	as long as short
Lighter XAU	+0.0072%	1h	4,365	−0.038%	$20.6M	$43.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0077%	8h	4,364.3	−0.054%	$19K	$5K	5x	as long as short
Aevo XAU-PERPshort	+0.0080%	1h	4,364.9	−0.041%	$162K	$87	10x
Bybit XAUUSDT	+0.0086%	4h	4,367.2	+0.014%	$82.7M	$143.6M	150x	as long as short
Lighter RH XAU	+0.0096%	1h	4,367.7	+0.025%	$20.2M	$40.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,360.4	−0.143%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,360.7	−0.136%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,361.4	−0.119%	$277K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,406	+0.902%	$26K	$22K	20x	as long as short
Polymarket Perps GOLD-USD	+0.0128%	1h	4,364.8	−0.042%	$4.3M	$1.8M	20x	as long as short
Extended XAU-USD	+0.0144%	1h	4,361.9	−0.107%	$13.5M	$44.1M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0158%	4h	4,364.1	−0.057%	$1.4M	$3.1M	25x	as long as short
BloFin XAU-USDT	+0.0160%	4h	4,364.9	−0.040%	$15.6M	$4.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0186%	1h	4,364.7	−0.044%	$235K	$656K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0187%	8h	4,368.2	+0.036%	$165.7M	$287.0M	100x	as long as short
Bullet GOLD-USD	+0.0211%	1h	4,366	−0.015%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,363.1	−0.082%	$595K	$150K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,366.1	−0.011%	$252K	—	111x	as long as short
HTX XAU-USDT	+0.0674%	4h	4,369.5	+0.065%	$2.9M	$3.9M	75x	as long as short
Phemex XAUUSDT	+0.0684%	4h	4,367.3	+0.015%	$2.2M	$1.1M	100x	as long as short