Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.002%

Price spread now: Bullet against Binance−0.003%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAUUSDT	4,351.4	0.0091	pay 0.0045% / 4h	19m 14s	$413.6M	$2.09B	100x
Short	Bullet GOLD-USD	4,351.3	0.0186	get 0.0023% / 1h	19m 14s	$59K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.003%Rate

Funding earned: $20.1
Price spread: −0.003% → 0.000%: −$0.3
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: $1.81
Costs to cover: 0.180%
Break-even: 6.4 days

Slippage unknown: Binance: live order book, 10 min ago; Bullet: no order-book sample. Net counts fees only.

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, 10 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	6.5 bp −$648	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
RISEx XAU/USDC	0.0000%	1h	4,351.1	−0.009%	$3.4M	$12.2M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,352.4	+0.022%	$265.0M	$415.6M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,355.6	+0.096%	$93K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,347.6	−0.087%	$272K	—	250x	as long as short
Lighter XAU	+0.0032%	1h	4,350.6	−0.020%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,347.7	−0.087%	$13.2M	$38.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.023%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,352.8	+0.031%	$20.1M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,350.7	−0.017%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,350.4	−0.024%	$5.7M	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,384.6	+0.762%	—	$1.0M	25x	as long as short
Kalshi KXGOLDPERP	+0.0047%	24h	4,350.2	−0.028%	$4.2M	$37.3M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,348.4	−0.070%	$2.0M	$4.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,348.8	−0.061%	$294.0M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,347.2	−0.098%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0062%	4h	4,352.4	+0.022%	$71.3M	$333.1M	20x	as long as short
Variational Omni XAU	+0.0077%	4h	4,349.2	−0.051%	$48.5M	$28.0M	—	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,351	−0.010%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0088%	4h	4,350.6	−0.018%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDT	+0.0090%	4h	4,351.5	+0.001%	$372.1M	$318.5M	1000x	as long as short
Binance XAUUSDTlong	+0.0091%	4h	4,351.4	long leg	$413.6M	$2.09B	100x
Pacifica XAU	+0.0100%	1h	4,347.8	−0.084%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,346.5	−0.115%	$275K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,344.6	−0.157%	$25K	$14K	20x	as long as short
edgeX XAUUSDC	+0.0101%	4h	4,346.3	−0.118%	$30.2M	$58.1M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,351	−0.010%	$161K	$87	10x	as long as short
Hotstuff GOLD-PERP	+0.0112%	1h	4,349.1	−0.054%	$33K	—	25x	as long as short
Phoenix GOLD	+0.0142%	1h	4,347.9	−0.081%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0157%	1h	4,351	−0.010%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USDshort	+0.0186%	1h	4,351.3	−0.003%	$59K	$82K	10x
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,348.3	−0.073%	$593K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0207%	4h	4,354.1	+0.062%	$2.2M	$967K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0210%	1h	4,350.1	−0.031%	$206K	$823K	25x	as long as short
Bitget XAUUSDT	+0.0232%	4h	4,351.8	+0.009%	$70.1M	$109.4M	100x	as long as short
Bybit XAUUSDT	+0.0244%	4h	4,352.9	+0.034%	$85.4M	$145.0M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0294%	8h	4,352.4	+0.022%	$165.5M	$282.7M	100x	as long as short
BloFin XAU-USDT	+0.0331%	4h	4,351.1	−0.009%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0417% / S −0.0236%	1h	4,351.4	0.000%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0624%	4h	4,356.2	+0.109%	$2.9M	$4.3M	75x	as long as short