Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.049%

Price spread now: gTrade (Gains Network) against Binance−0.094%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$277as in the Price arb table

costs, in and out, $10k−$2772.770% of the position

Long on Binance Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.049%−$5 on $10k

Price spread, last 1 day (all we have)−0.009%−$1 · spread now −0.094%, 7d avg −0.095%

Together, before fees−0.058%−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAUUSDT	4,366.7	0	get 0.0000% / 4h	1h 03m	$409.9M	$2.09B	100x
Short	gTrade (Gains Network) XAU/USD	4,362.6	L +0.0002% / S −0.0003%	get 0.0000% / 1h	3m 56s	$268K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.094%Rate

Funding earned: $0.65
Price spread: −0.094% → −0.095%: $0.1
Slippage, 4 orders: −$260.05
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$276.3
Costs to cover: 2.770%
Break-even: 2987.4 days

Slippage from Binance: live order book, 10 min ago; gTrade (Gains Network): virtual book (oracle venue), 45 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, 10 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	6.4 bp −$641	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 45 min ago	130.01 bp	133.5 bp −$134	243.0 bp −$2,430	1975.4 bp −$197.5K	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	−0.0174%	1h	4,363.4	−0.076%	$602K	$139K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,366.8	+0.002%	$71.5M	$233.3M	20x	as long as short
Binance XAUUSDTlong	0.0000%	4h	4,366.7	long leg	$409.9M	$2.09B	100x
Bybit XAUUSDT	0.0000%	4h	4,367.7	+0.024%	$82.9M	$141.9M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,365.5	−0.027%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,367.7	+0.023%	$269.2M	$412.4M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,366.6	−0.002%	$377.5M	$354.8M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,367.1	+0.010%	$67.4M	$110.2M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,364.1	−0.058%	$48.5M	$31.2M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,362.8	−0.090%	$1.4M	$3.1M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	0.0000%	24h	4,364.2	−0.057%	$4.0M	$34.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,370.1	+0.078%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USDshort	L +0.0002% / S −0.0003%	1h	4,362.6	−0.094%	$268K	—	250x
QFEX GOLD-USD	+0.0002%	1h	4,365.2	−0.034%	$5.6M	$1.7M	20x	as long as short
edgeX XAUUSDC	+0.0011%	4h	4,358.9	−0.177%	$30.3M	$58.0M	50x	as long as short
tradeXYZ xyz:GOLD	+0.0015%	1h	4,361.9	−0.110%	$293.6M	$52.7M	25x	as long as short
Lighter XAU	+0.0032%	1h	4,365.4	−0.030%	$20.9M	$44.8M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,367.8	+0.024%	$20.3M	$42.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,363	−0.085%	$13.0M	$46.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.373%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,363.6	−0.071%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,400.3	+0.769%	—	$1.0M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0048%	1h	4,364.4	−0.053%	$235K	$734K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,364.2	−0.057%	$4.3M	$1.7M	20x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,365.6	−0.025%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,362.2	−0.102%	$14.4M	$55.6M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,364.5	−0.050%	$162K	$87	10x	as long as short
Bullet GOLD-USD	+0.0098%	1h	4,365.8	−0.021%	$60K	$85K	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,362.7	−0.091%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,361.6	−0.116%	$274K	$199K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,358.2	−0.195%	$26K	$21K	20x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,361.1	−0.128%	$33K	—	25x	as long as short
Phoenix GOLD	+0.0109%	1h	4,361.7	−0.115%	$48K	$65K	25x	as long as short
HTX XAU-USDT	+0.0109%	4h	4,368.3	+0.036%	$2.8M	$3.8M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0158%	8h	4,367.9	+0.027%	$158.3M	$270.3M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,361.4	−0.121%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,365	−0.038%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0273%	4h	4,366	−0.017%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,366	−0.017%	$252K	—	111x	as long as short