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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h −0.051%
Price spread now: Ondo Perps against Bitget−0.114%7-day average −0.143% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.144%−$14 on $10k
Price spread, last 7 days−0.198%−$20 · spread now −0.114%, 7d avg −0.143%
Together, before fees−0.342%+ Points / potential airdropOndo Perps: Active · farm board−$34 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.028% dearer against Bitget than usual: you sell high and buy low (spread −0.114% now, against its 7-day average of −0.143%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.144% in total) that is about 33 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XAUUSDT4,352.90.0202pay 0.0101% / 4h2h 03m$69.5M$109.5M100x
ShortOndo Perps XAU-USD.P4,347.90.0050get 0.0006% / 1h3m 23s$15.0M$58.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$31.84
Price spread: −0.114% → −0.143%
$2.83
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$46.01
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 6 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 6 min ago0.01 bp6.7 bp −$77.9 bp −$7911.8 bp −$1,178doesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAU on 38 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
Gate XAU_USDT0.0000%4h4,353.9+0.023%$263.4M$417.6M100xas long as short
SunX XAU-USDT0.0000%4h4,355.7+0.065%$93K$9.5M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,348.2−0.107%$269K250xas long as short
Hotstuff GOLD-PERP+0.0024%1h4,347.9−0.115%$33K25xas long as short
Extended XAU-USD+0.0032%1h4,346.9−0.138%$13.5M$41.5M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.057%$619$5452xas long as short
Kalshi KXGOLDPERP+0.0035%24h4,349.9−0.069%$4.1M$36.1M15xas long as short
StandX XAU-USD+0.0040%1h4,352.90.000%$3.8M$4.6M40xas long as short
Vest GC-PERP+0.0046%1h4,384.9+0.735%$1.0M25xas long as short
Aster XAUUSD1+0.0050%4h4,352.5−0.009%$70.2M$317.3M20xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLD+0.0050%1h4,349.2−0.085%$293.5M$49.0M25xas long as short
Ondo Perps XAU-USD.Pshort+0.0050%1h4,347.9−0.114%$15.0M$58.0M25x
QFEX GOLD-USD+0.0051%1h4,350−0.067%$5.5M$1.9M20xas long as short
Lighter XAU+0.0056%1h4,349.7−0.073%$20.6M$43.8M25xas long as short
Lighter RH XAU+0.0064%1h4,352.3−0.014%$20.1M$41.1M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,347−0.136%$2.0M$4.9M25xas long as short
Polymarket Perps GOLD-USD+0.0087%1h4,351.1−0.041%$4.3M$1.9M20xas long as short
Paradex XAU-USD-PERP+0.0087%8h4,350.6−0.052%$19K$5K5xas long as short
Variational Omni XAU+0.0100%4h4,351.1−0.041%$48.2M$28.0Mas long as short
Pacifica XAU+0.0100%1h4,348.1−0.110%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,347.2−0.131%$275K$204K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,345.1−0.179%$25K$14K20xas long as short
Aevo XAU-PERP+0.0112%1h4,350.9−0.047%$161K$8710xas long as short
MEXC XAU_USDT+0.0114%4h4,352.3−0.014%$373.1M$325.3M1000xas long as short
Binance XAUUSDT+0.0115%4h4,352.4−0.012%$410.1M$2.10B100xas long as short
Phoenix GOLD+0.0121%1h4,349.6−0.076%$47K$64K25xas long as short
edgeX XAUUSDC+0.0126%4h4,344.8−0.186%$30.2M$59.1M50xas long as short
GRVT XAU_USDT_Perp+0.0132%4h4,351.3−0.037%$1.4M$3.0M25xas long as short
RISEx XAU/USDC+0.0135%1h4,350.8−0.048%$3.4M$12.4M25xas long as short
Bullet GOLD-USD+0.0176%1h4,352.5−0.009%$59K$83K10xas long as short
Bybit XAUUSDT+0.0199%4h4,353.8+0.021%$84.0M$145.0M150xas long as short
Bitget XAUUSDTlong+0.0202%4h4,352.9long leg$69.5M$109.5M100x
OKX XAU-USDT-SWAP+0.0246%8h4,353.4+0.011%$164.6M$281.6M100xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,349.3−0.084%$593K$133K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0325%1h4,350.3−0.060%$260K$692K25xas long as short
Phemex XAUUSDT+0.0345%4h4,352.1−0.019%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0394% / S −0.0202%1h4,352.5−0.009%$251K111xas long as short
HTX XAU-USDT+0.0610%4h4,357.2+0.098%$2.9M$4.1M75xas long as short