Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.027%

Price spread now: Bitget against Binance+0.009%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 2 days (all we have)+0.012%+$1 · spread now +0.009%, 7d avg +0.005%

Together, before fees+0.075%+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAUUSDT	4,354.5	0	get 0.0000% / 4h	1h 32m	$409.3M	$2.09B	100x
Short	Bitget XAUUSDT	4,354.9	0	get 0.0000% / 4h	1h 32m	$66.9M	$110.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.005%: $0.44
Slippage, 4 orders: −$0.37
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$21.92
Costs to cover: 0.224%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; Bitget: live order book, 2 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, 12 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	6.3 bp −$628	9.3 bp −$4,655
Sell Bitget live order book, 2 min ago	0.01 bp	6.0 bp −$6	6.8 bp −$68	11.5 bp −$1,148	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
Kraken Futures PF_XAUUSD	−0.0175%	1h	4,352.1	−0.055%	$600K	$141K	25x	as long as short
Hotstuff GOLD-PERP	−0.0016%	1h	4,350.5	−0.093%	$33K	—	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,355.1	+0.014%	$71.3M	$234.5M	20x	as long as short
Binance XAUUSDTlong	0.0000%	4h	4,354.5	long leg	$409.3M	$2.09B	100x
Bybit XAUUSDT	0.0000%	4h	4,355.3	+0.018%	$82.5M	$141.2M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,354.1	−0.009%	$3.5M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,355.9	+0.031%	$271.1M	$408.5M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,354.3	−0.005%	$377.1M	$351.0M	1000x	as long as short
Bitget XAUUSDTshort	0.0000%	4h	4,354.9	+0.009%	$66.9M	$110.4M	100x
Variational Omni XAU	0.0000%	4h	4,353.9	−0.014%	$48.0M	$32.0M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,354.8	+0.006%	$1.4M	$3.2M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,351.1	−0.079%	$4.0M	$34.3M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,357.6	+0.070%	$93K	$10.7M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	0.0000%	1h	4,352.8	−0.040%	$221K	$811K	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,351.3	−0.075%	$267K	—	250x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,354.2	−0.008%	$5.6M	$1.9M	20x	as long as short
edgeX XAUUSDC	+0.0007%	4h	4,349.9	−0.107%	$30.3M	$58.4M	50x	as long as short
tradeXYZ xyz:GOLD	+0.0011%	1h	4,351.5	−0.070%	$292.9M	$53.0M	25x	as long as short
Lighter XAU	+0.0032%	1h	4,353.6	−0.022%	$21.0M	$44.1M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,356.1	+0.035%	$20.2M	$41.8M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,350.9	−0.083%	$13.0M	$49.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.094%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,354.2	−0.008%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,388.7	+0.785%	—	$1.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,353.6	−0.021%	$4.3M	$1.7M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,350.3	−0.097%	$14.4M	$55.5M	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,354.5	0.000%	$19K	$6K	5x	as long as short
HTX XAU-USDT	+0.0079%	4h	4,357.6	+0.071%	$2.8M	$3.8M	75x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,353.2	−0.031%	$161K	$87	10x	as long as short
Bullet GOLD-USD	+0.0095%	1h	4,354	−0.012%	$59K	$85K	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,351.8	−0.064%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,352.4	−0.048%	$273K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,348.4	−0.141%	$26K	$21K	20x	as long as short
Phoenix GOLD	+0.0109%	1h	4,351.8	−0.063%	$48K	$65K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0157%	8h	4,355.5	+0.022%	$158.7M	$267.1M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,351.4	−0.072%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,354.1	−0.009%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0324%	4h	4,357.6	+0.071%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,354.3	−0.006%	$251K	—	29x	as long as short