Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h −0.006%

Price spread now: RISEx against Binance+0.020%7-day average −0.005% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$190.190% of the position

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.007%+$1 on $10k

Price spread, last 7 days−0.015%−$1 · spread now +0.020%, 7d avg −0.005%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.025% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAUUSDT	4,324.3	0.0100	pay 0.0050% / 4h	1h 17m	$423.3M	$2.14B	100x
Short	RISEx XAU/USDC	4,325.2	0.0184	get 0.0023% / 1h	17m 55s	$4.1M	$12.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.020%Rate

Funding earned: $17.7
Price spread: +0.020% → −0.005%: $2.48
Slippage, 4 orders: −$3.03
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $1.15
Costs to cover: 0.190%
Break-even: 6.5 days

Slippage from Binance: live order book, 11 min ago; RISEx: live order book, 1 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, 11 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	6.4 bp −$637	doesn't fit
Sell RISEx live order book, 1 min ago	1.02 bp	4.0 bp −$4	4.2 bp −$42	43.9 bp −$4,390	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
Bluefin GOLD-PERP	−0.0062%	1h	4,316.5	−0.181%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.1	+0.065%	$92K	$7.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.8	−0.105%	$270K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,319.3	−0.116%	$32K	—	25x	as long as short
Bybit XAUUSDT	+0.0020%	4h	4,324.8	+0.012%	$77.3M	$154.4M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.604%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	−0.021%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322	−0.053%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.1	+0.712%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.2	−0.095%	$291.6M	$51.3M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,318.6	−0.131%	$15.0M	$55.5M	25x	as long as short
Aster XAUUSD1	+0.0066%	4h	4,325.7	+0.033%	$72.5M	$274.5M	20x	as long as short
Lighter XAU	+0.0072%	1h	4,322.6	−0.039%	$20.3M	$30.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.1	−0.120%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,322	−0.052%	$2K	$14K	5x	as long as short
Kalshi KXGOLDPERP	+0.0079%	24h	4,324	−0.007%	$3.8M	$43.9M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0086%	4h	4,323.2	−0.025%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0093%	4h	4,322.6	−0.039%	$47.3M	$28.8M	—	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,324	−0.007%	$367.9M	$332.1M	1000x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.2	−0.118%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.4	−0.113%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.8	−0.105%	$272K	$208K	50x	as long as short
Binance XAUUSDTlong	+0.0100%	4h	4,324.3	long leg	$423.3M	$2.14B	100x
Aevo XAU-PERP	+0.0104%	1h	4,322.5	−0.041%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0116%	4h	4,318.4	−0.137%	$30.0M	$59.7M	50x	as long as short
Gate XAU_USDT	+0.0118%	4h	4,326.1	+0.042%	$282.3M	$421.6M	100x	as long as short
Lighter RH XAU	+0.0120%	1h	4,324.9	+0.014%	$19.9M	$39.1M	25x	as long as short
Extended XAU-USD	+0.0120%	1h	4,319.7	−0.105%	$12.9M	$37.0M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.6	−0.086%	$577K	$146K	25x	as long as short
RISEx XAU/USDCshort	+0.0184%	1h	4,325.2	+0.020%	$4.1M	$12.8M	25x
Bullet GOLD-USD	+0.0184%	1h	4,323.4	−0.021%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0214%	1h	4,323.2	−0.026%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0222%	4h	4,323.8	−0.013%	$67.6M	$118.3M	100x	as long as short
HTX XAU-USDT	+0.0268%	4h	4,327.7	+0.078%	$3.0M	$5.4M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0302%	8h	4,324.9	+0.014%	$172.6M	$299.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0306%	1h	4,322.3	−0.046%	$191K	$837K	25x	as long as short
Phemex XAUUSDT	+0.0327%	4h	4,325.6	+0.030%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,322.9	−0.033%	$16.2M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0307%	1h	4,323.6	−0.015%	$252K	—	111x	as long as short