Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0080%/8h= +8.7% APRpaid last 24h −0.001%

Price spread now: OKX against Bitget+0.011%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 7 days−0.012%−$1 · spread now +0.011%, 7d avg +0.003%

Together, before fees−0.100%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.088%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAUUSDT	4,317.1	0.0192	pay 0.0096% / 4h	21m 33s	$70.2M	$120.7M	100x
Short	OKX XAU-USDT-SWAP	4,317.6	0.0272	get 0.0272% / 8h	21m 33s	$174.6M	$303.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $16.7
Price spread: +0.011% → +0.003%: $0.88
Slippage, 4 orders: −$0.92
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$5.34
Costs to cover: 0.229%
Break-even: 9.2 days

Slippage from Bitget: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago	0.01 bp	6.2 bp −$6	7.4 bp −$74	11.0 bp −$1,100	doesn't fit
Sell OKX live order book, 3 min ago	0.12 bp	5.6 bp −$6	6.1 bp −$61	7.9 bp −$792	14.6 bp −$7,291

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
Hotstuff GOLD-PERP	0.0000%	1h	4,312.8	−0.100%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,320.2	+0.072%	$92K	$7.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,313.7	−0.079%	$269K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.772%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,319.8	+0.062%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,315.5	−0.037%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,349.3	+0.746%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,313.4	−0.086%	$290.9M	$51.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,313	−0.095%	$15.0M	$55.4M	25x	as long as short
Aster XAUUSD1	+0.0056%	4h	4,318.2	+0.025%	$72.9M	$272.1M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUUSDT	+0.0062%	4h	4,318	+0.021%	$77.6M	$154.5M	150x	as long as short
Paradex XAU-USD-PERP	+0.0064%	8h	4,316.2	−0.021%	$2K	$14K	5x	as long as short
Lighter XAU	+0.0064%	1h	4,316.1	−0.023%	$20.3M	$30.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,313.3	−0.088%	$2.1M	$4.9M	25x	as long as short
Bluefin GOLD-PERP	+0.0085%	1h	4,309.6	−0.174%	$25K	$1K	20x	as long as short
Variational Omni XAU	+0.0093%	4h	4,313.6	−0.082%	$47.0M	$29.2M	—	as long as short
Kalshi KXGOLDPERP	+0.0095%	24h	4,318	+0.021%	$3.6M	$44.9M	15x	as long as short
Phoenix GOLD	+0.0096%	1h	4,315.6	−0.035%	$42K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,313.4	−0.086%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,315.5	−0.037%	$272K	$209K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,318.2	+0.026%	$20.0M	$39.7M	25x	as long as short
MEXC XAU_USDT	+0.0104%	4h	4,317.4	+0.007%	$362.7M	$334.0M	1000x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,315.8	−0.030%	$160K	$87	10x	as long as short
Binance XAUUSDT	+0.0106%	4h	4,317.4	+0.007%	$426.1M	$2.16B	100x	as long as short
Gate XAU_USDT	+0.0108%	4h	4,318.9	+0.041%	$283.4M	$422.6M	100x	as long as short
GRVT XAU_USDT_Perp	+0.0108%	4h	4,315.9	−0.028%	$1.4M	$3.0M	25x	as long as short
edgeX XAUUSDC	+0.0124%	4h	4,311.9	−0.121%	$30.0M	$60.1M	50x	as long as short
Extended XAU-USD	+0.0128%	1h	4,313.1	−0.094%	$13.2M	$36.9M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0167%	1h	4,314.8	−0.054%	$162K	$876K	25x	as long as short
Bitget XAUUSDTlong	+0.0192%	4h	4,317.1	long leg	$70.2M	$120.7M	100x
Bullet GOLD-USD	+0.0204%	1h	4,316.2	−0.021%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0219%	1h	4,317.4	+0.007%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,313.9	−0.075%	$574K	$138K	25x	as long as short
OKX XAU-USDT-SWAPshort	+0.0272%	8h	4,317.6	+0.011%	$174.6M	$303.6M	100x
BloFin XAU-USDT	+0.0346%	4h	4,317.9	+0.018%	$16.5M	$4.9M	100x	as long as short
Phemex XAUUSDT	+0.0416%	4h	4,316.9	−0.006%	$2.2M	$976K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0465% / S −0.0311%	1h	4,317.9	+0.017%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0489%	4h	4,323.7	+0.153%	$3.2M	$6.0M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,316.8	−0.007%	$4.5M	$13.3M	25x	as long as short