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 0.000%

Price spread now: MEXC against Binance+0.002%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$140.141% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 2 days (all we have)+0.027%+$3 · spread now +0.002%, 7d avg −0.002%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAUUSDT	4,371.4	0	get 0.0000% / 4h	19m 23s	$410.6M	$2.14B	100x
Short	MEXC XAU_USDT	4,371.5	0	get 0.0000% / 4h	19m 23s	$376.3M	$323.5M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.002%Rate

Funding earned: $0
Price spread: +0.002% → −0.002%: $0.38
Slippage, 4 orders: −$0.09
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$13.71
Costs to cover: 0.141%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; MEXC: live order book, 5 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	6.6 bp −$657	doesn't fit
Sell MEXC live order book, 5 min ago	0.03 bp	2.0 bp −$2	2.1 bp −$21	7.7 bp −$770	25.7 bp −$12.9K

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
Bluefin GOLD-PERP	−0.0218%	1h	4,364.4	−0.162%	$26K	$22K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,363.7	−0.177%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,371.8	+0.008%	$71.7M	$225.2M	20x	as long as short
Binance XAUUSDTlong	0.0000%	4h	4,371.4	long leg	$410.6M	$2.14B	100x
Bybit XAUUSDT	0.0000%	4h	4,371.6	+0.004%	$82.7M	$142.4M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,369.2	−0.052%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,372	+0.012%	$268.1M	$415.2M	100x	as long as short
MEXC XAU_USDTshort	0.0000%	4h	4,371.5	+0.002%	$376.3M	$323.5M	1000x
Bitget XAUUSDT	0.0000%	4h	4,371.4	0.000%	$69.7M	$113.6M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,366.6	−0.111%	$48.5M	$30.2M	—	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	4,364.9	−0.149%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,364.4	−0.161%	$4.1M	$36.0M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,375.6	+0.096%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,367.5	−0.090%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0008%	4h	4,359.1	−0.283%	$30.3M	$58.8M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,367.7	−0.085%	$5.4M	$1.9M	20x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.481%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,368	−0.078%	$20.7M	$44.8M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,367.1	−0.099%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,404.4	+0.754%	—	$1.0M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,370.5	−0.021%	$20.2M	$42.1M	25x	as long as short
Extended XAU-USD	+0.0048%	1h	4,367.3	−0.095%	$13.1M	$45.4M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,367.3	−0.094%	$294.0M	$52.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,365.3	−0.141%	$14.6M	$56.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0054%	8h	4,368.7	−0.061%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,370.7	−0.017%	$162K	$87	10x	as long as short
Hotstuff GOLD-PERP	+0.0088%	1h	4,364.8	−0.152%	$33K	—	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,365.7	−0.131%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,362.3	−0.209%	$277K	$204K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0101%	1h	4,371.2	−0.005%	$4.3M	$1.8M	20x	as long as short
Bullet GOLD-USD	+0.0106%	1h	4,371.5	+0.002%	$59K	$81K	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,367.9	−0.081%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0161%	8h	4,372.2	+0.018%	$159.0M	$274.6M	100x	as long as short
HTX XAU-USDT	+0.0172%	4h	4,372	+0.013%	$2.8M	$3.7M	75x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0208%	1h	4,369.9	−0.035%	$235K	$736K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0219%	1h	4,368.6	−0.065%	$603K	$136K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,367.2	−0.097%	$14.8M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0323%	4h	4,371.6	+0.003%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,371.4	0.000%	$252K	—	111x	as long as short