Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h −0.013%

Price spread now: ApeX Omni against Binance−0.016%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.016%, 7d avg −0.040%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and ApeX Omni is 0.024% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAUUSDT	4,347.7	0.0074	pay 0.0037% / 4h	1h 05m	$410.5M	$2.10B	100x
Short	ApeX Omni XAUUSDT	4,347	0.0100	get 0.0013% / 1h	5m 29s	$275K	$203K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.016%Rate

Funding earned: $5.39
Price spread: −0.016% → −0.040%: $2.42
Slippage, 4 orders: −$25.93
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$38.11
Costs to cover: 0.459%
Break-even: 56.5 days

Slippage from Binance: live order book, 9 min ago; ApeX Omni: live order book, 57 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, 9 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	6.4 bp −$645	doesn't fit
Sell ApeX Omni live order book, 57 min ago	4.79 bp	19.9 bp −$20	34.7 bp −$347	44.0 bp −$4,399	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
Gate XAU_USDT	0.0000%	4h	4,349.7	+0.046%	$264.3M	$417.2M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,351.7	+0.092%	$92K	$9.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.7	−0.114%	$266K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,347.1	−0.013%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.8	−0.089%	$13.4M	$38.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.063%	$619	$54	52x	as long as short
Aster XAUUSD1	+0.0040%	4h	4,348.3	+0.013%	$70.8M	$334.0M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,348.4	+0.016%	$3.8M	$4.6M	40x	as long as short
Kalshi KXGOLDPERP	+0.0041%	24h	4,345.6	−0.048%	$4.1M	$37.1M	15x	as long as short
Vest GC-PERP	+0.0046%	1h	4,380.3	+0.750%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0046%	1h	4,347.3	−0.009%	$5.7M	$2.0M	20x	as long as short
Lighter XAU	+0.0048%	1h	4,346.7	−0.022%	$20.6M	$42.6M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,343.9	−0.087%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344.7	−0.069%	$293.8M	$48.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344	−0.085%	$15.1M	$56.8M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0054%	4h	4,350.1	+0.055%	$1.4M	$2.9M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,348.8	+0.025%	$20.1M	$39.9M	25x	as long as short
Variational Omni XAU	+0.0057%	4h	4,346	−0.038%	$48.5M	$27.7M	—	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,344	−0.085%	$33K	—	25x	as long as short
MEXC XAU_USDT	+0.0074%	4h	4,347.8	+0.002%	$370.9M	$320.6M	1000x	as long as short
Binance XAUUSDTlong	+0.0074%	4h	4,347.7	long leg	$410.5M	$2.10B	100x
Paradex XAU-USD-PERP	+0.0078%	8h	4,347.6	−0.002%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0085%	4h	4,343.7	−0.092%	$30.2M	$58.5M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,345.9	−0.042%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,344	−0.085%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDTshort	+0.0100%	1h	4,347	−0.016%	$275K	$203K	50x
Polymarket Perps GOLD-USD	+0.0116%	1h	4,346.8	−0.020%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,348.6	+0.021%	$47K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0187%	1h	4,345.1	−0.060%	$253K	$752K	25x	as long as short
Bullet GOLD-USD	+0.0192%	1h	4,347.1	−0.014%	$60K	$83K	10x	as long as short
Phemex XAUUSDT	+0.0199%	4h	4,350.6	+0.066%	$2.2M	$1.1M	100x	as long as short
Bybit XAUUSDT	+0.0208%	4h	4,348.8	+0.025%	$84.4M	$145.4M	150x	as long as short
Bitget XAUUSDT	+0.0216%	4h	4,347.9	+0.006%	$70.2M	$109.3M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0260%	8h	4,349	+0.030%	$165.3M	$283.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,344.1	−0.083%	$593K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0293%	4h	4,348.1	+0.010%	$15.5M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0405% / S −0.0220%	1h	4,346.9	−0.019%	$248K	—	111x	as long as short
Bluefin GOLD-PERP	+0.0426%	1h	4,342.3	−0.124%	$25K	$14K	20x	as long as short
HTX XAU-USDT	+0.0588%	4h	4,353.1	+0.124%	$2.9M	$4.2M	75x	as long as short