Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0211%/8h= −23.1% APRpaid last 24h −0.065%

Price spread now: gTrade (Gains Network) against Bitget−0.121%56s7-day average −0.098% · 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—prices read too far apart to compare

costs, in and out, $10k−$2792.791% of the position

Long on Bitget Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.076%−$8 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.121%, 7d avg −0.098%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and gTrade (Gains Network) is 0.023% cheaper against Bitget than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.098%). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAUUSDT	4,349.6	0.0214	pay 0.0107% / 4h	1h 10m	$70.3M	$109.5M	100x
Short	gTrade (Gains Network) XAU/USD	4,344.3	L +0.0002% / S −0.0003%	get 0.0000% / 1h	10m 33s	$266K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bitget. 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 BitgetbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.121%Rate

Funding earned: −$44.28
Price spread: −0.121% → −0.098%: −$2.33
Slippage, 4 orders: −$260.12
Fee Bitget: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$325.73
Costs to cover: 2.791%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 19 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 Bitget live order book, 4 min ago	0.01 bp	6.0 bp −$6	8.0 bp −$80	11.6 bp −$1,164	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 19 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
Gate XAU_USDT	0.0000%	4h	4,350.9	+0.029%	$264.3M	$416.2M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,352.4	+0.064%	$92K	$9.1M	20x	as long as short
gTrade (Gains Network) XAU/USDshort	L +0.0002% / S −0.0003%	1h	4,344.3	−0.121%	$266K	—	250x
RISEx XAU/USDC	+0.0010%	1h	4,349	−0.013%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,345.5	−0.095%	$13.5M	$38.8M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.019%	$619	$54	52x	as long as short
Aster XAUUSD1	+0.0039%	4h	4,349.5	−0.004%	$70.6M	$334.1M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,349	−0.014%	$3.8M	$4.6M	40x	as long as short
Kalshi KXGOLDPERP	+0.0040%	24h	4,346.4	−0.074%	$4.1M	$37.1M	15x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.3	+0.752%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0046%	1h	4,347.4	−0.051%	$5.7M	$2.0M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,344.7	−0.113%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,346.3	−0.076%	$293.9M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.8	−0.088%	$15.1M	$56.8M	25x	as long as short
Variational Omni XAU	+0.0053%	4h	4,347.3	−0.053%	$48.5M	$27.8M	—	as long as short
GRVT XAU_USDT_Perp	+0.0054%	4h	4,350.6	+0.023%	$1.4M	$2.9M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,348.2	−0.032%	$20.6M	$42.6M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,350.5	+0.020%	$20.1M	$39.9M	25x	as long as short
MEXC XAU_USDT	+0.0072%	4h	4,349.4	−0.004%	$372.2M	$319.9M	1000x	as long as short
Binance XAUUSDT	+0.0073%	4h	4,349.4	−0.004%	$410.4M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,349.2	−0.009%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0090%	4h	4,346.3	−0.077%	$30.3M	$58.4M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,347.8	−0.041%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,345.6	−0.093%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,347.5	−0.049%	$275K	$203K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0116%	1h	4,348.7	−0.021%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,350.4	+0.018%	$47K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0141%	1h	4,347.5	−0.049%	$254K	$752K	25x	as long as short
Hotstuff GOLD-PERP	+0.0144%	1h	4,346.4	−0.074%	$33K	—	25x	as long as short
Bullet GOLD-USD	+0.0191%	1h	4,348	−0.037%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0202%	4h	4,350.7	+0.024%	$84.4M	$145.4M	150x	as long as short
Phemex XAUUSDT	+0.0210%	4h	4,353.1	+0.080%	$2.2M	$1.1M	100x	as long as short
Bitget XAUUSDTlong	+0.0214%	4h	4,349.6	long leg	$70.3M	$109.5M	100x
OKX XAU-USDT-SWAP	+0.0257%	8h	4,350.6	+0.023%	$165.4M	$283.2M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,345.5	−0.096%	$593K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0293%	4h	4,349.3	−0.008%	$15.6M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0404% / S −0.0218%	1h	4,348.2	−0.033%	$248K	—	111x	as long as short
Bluefin GOLD-PERP	+0.0566%	1h	4,342.6	−0.161%	$25K	$14K	20x	as long as short
HTX XAU-USDT	+0.0579%	4h	4,354.5	+0.113%	$2.9M	$4.2M	75x	as long as short