Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0208%/8h= −22.8% APRnext payment $1.04 per $10,000 · paid last 24h −0.050%
Price spread now: Gate against Bitget+0.019%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$280.279% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.190%−$19 on $10k
Price spread, last 7 days+0.025%+$2 · spread now +0.019%, 7d avg +0.021%
Together, before fees−0.165%−$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XAUUSDT4,343.90.0272pay 0.0136% / 4h3h 10m$71.0M$108.8M100x
ShortGate XAU_USDT4,344.70.0064get 0.0032% / 4h3h 10m$268.3M$418.6M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
−$43.68
Price spread: +0.019% → +0.021%
−$0.24
Slippage, 4 orders
−$0.87
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$71.79
Costs to cover
0.279%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; Gate: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago0.01 bp6.1 bp −$67.6 bp −$7610.8 bp −$1,085doesn't fit
Sell Gate live order book, 4 min ago0.01 bp7.5 bp −$88.3 bp −$8312.4 bp −$1,24114.2 bp −$7,107

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin GOLD-PERP0.0000%1h4,337.5−0.147%$25K$14K20xas long as short
SunX XAU-USDT0.0000%4h4,347.6+0.087%$92K$8.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,339.4−0.103%$271K250xas long as short
RISEx XAU/USDC+0.0005%1h4,343.8−0.002%$3.7M$12.5M25xas long as short
Extended XAU-USD+0.0032%1h4,339.3−0.104%$13.2M$37.3M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.151%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,344.6+0.017%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,342.8−0.024%$5.6M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,376+0.740%$1.0M25xas long as short
Bybit XAUUSDT+0.0047%4h4,344.3+0.011%$80.0M$151.9M150xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLD+0.0050%1h4,340.1−0.086%$293.6M$49.2M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,340.2−0.085%$15.0M$56.8M25xas long as short
Kalshi KXGOLDPERP+0.0051%24h4,340.9−0.068%$4.3M$37.4M15xas long as short
Lighter XAU+0.0056%1h4,342.4−0.034%$20.7M$34.8M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0056%1h4,342.2−0.038%$2.1M$4.7M25xas long as short
Paradex XAU-USD-PERP+0.0064%8h4,342.9−0.022%$19K$5K5xas long as short
Gate XAU_USDTshort+0.0064%4h4,344.7+0.019%$268.3M$418.6M100x
Lighter RH XAU+0.0080%1h4,344.8+0.022%$20.2M$40.1M25xas long as short
Hotstuff GOLD-PERP+0.0080%1h4,340.1−0.086%$33K25xas long as short
Aster XAUUSD1+0.0095%4h4,344.9+0.025%$71.5M$331.6M20xas long as short
Pacifica XAU+0.0100%1h4,339.6−0.098%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,341.7−0.050%$274K$203K50xas long as short
Variational Omni XAU+0.0105%4h4,342.7−0.027%$48.4M$27.5Mas long as short
Aevo XAU-PERP+0.0112%1h4,342.5−0.030%$161K$8710xas long as short
MEXC XAU_USDT+0.0118%4h4,343.2−0.015%$370.9M$321.1M1000xas long as short
Binance XAUUSDT+0.0120%4h4,343.5−0.008%$418.6M$2.09B100xas long as short
edgeX XAUUSDC+0.0134%4h4,340.7−0.073%$30.2M$57.8M50xas long as short
Phoenix GOLD+0.0136%1h4,341.8−0.047%$47K$77K25xas long as short
GRVT XAU_USDT_Perp+0.0166%4h4,344.3+0.011%$1.4M$2.9M25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0188%1h4,341.7−0.049%$204K$826K25xas long as short
Polymarket Perps GOLD-USD+0.0205%1h4,343−0.020%$4.2M$2.0M20xas long as short
Bullet GOLD-USD+0.0208%1h4,343.3−0.012%$59K$82K10xas long as short
Phemex XAUUSDT+0.0252%4h4,346.1+0.051%$2.2M$967K100xas long as short
Kraken Futures PF_XAUUSD+0.0259%1h4,339.8−0.094%$592K$133K25xas long as short
Bitget XAUUSDTlong+0.0272%4h4,343.9long leg$71.0M$108.8M100x
OKX XAU-USDT-SWAP+0.0328%8h4,344.7+0.020%$167.2M$282.7M100xas long as short
BloFin XAU-USDT+0.0360%4h4,344.5+0.014%$15.8M$4.4M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0428% / S −0.0252%1h4,343.2−0.015%$250K111xas long as short
HTX XAU-USDT+0.0448%4h4,346.8+0.068%$2.8M$4.6M75xas long as short