Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0453%/8h= +49.6% APRpaid last 24h −0.034%

Price spread now: RISEx against Bitget+0.015%7-day average −0.006% · 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−$190.188% of the position

Long on Bitget Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.037%−$4 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.015%, 7d avg −0.006%

Together, before fees−0.053%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and RISEx is 0.021% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.006%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.037% in total (about -3.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAUUSDT	4,314.4	0.0190	pay 0.0095% / 4h	16m 32s	$70.1M	$119.9M	100x
Short	RISEx XAU/USDC	4,315.1	0.0643	get 0.0080% / 1h	16m 32s	$4.5M	$13.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.015%Rate

Funding earned: $95.09
Price spread: +0.015% → −0.006%: $2.12
Slippage, 4 orders: −$0.76
Fee Bitget: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $78.45
Costs to cover: 0.188%
Break-even: 1.2 days

Slippage from Bitget: live order book, 3 min ago; RISEx: 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	6.0 bp −$6	7.3 bp −$73	10.7 bp −$1,066	doesn't fit
Sell RISEx live order book, 3 min ago	0.32 bp	3.3 bp −$3	4.0 bp −$40	48.9 bp −$4,892	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
Hotstuff GOLD-PERP	0.0000%	1h	4,311.5	−0.068%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,319.8	+0.125%	$92K	$7.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,311.4	−0.070%	$269K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.834%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,314.2	−0.005%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,346.7	+0.748%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,311.5	−0.068%	$290.7M	$51.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,311.1	−0.076%	$15.0M	$55.3M	25x	as long as short
StandX XAU-USD	+0.0056%	1h	4,319.2	+0.111%	$3.8M	$4.5M	40x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,316.1	+0.039%	$72.8M	$272.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin GOLD-PERP	+0.0062%	1h	4,309.4	−0.117%	$25K	$1K	20x	as long as short
Bybit XAUUSDT	+0.0062%	4h	4,315.4	+0.022%	$77.7M	$154.3M	150x	as long as short
Paradex XAU-USD-PERP	+0.0063%	8h	4,314.1	−0.006%	$2K	$14K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,313.9	−0.013%	$20.3M	$30.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,312.3	−0.049%	$2.0M	$5.1M	25x	as long as short
Variational Omni XAU	+0.0095%	4h	4,317.1	+0.062%	$47.1M	$29.1M	—	as long as short
Kalshi KXGOLDPERP	+0.0096%	24h	4,317	+0.060%	$3.6M	$45.0M	15x	as long as short
Phoenix GOLD	+0.0096%	1h	4,314.7	+0.006%	$42K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,311.6	−0.065%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,315.1	+0.016%	$272K	$209K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,316.2	+0.042%	$20.0M	$39.8M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,314.8	+0.009%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0106%	4h	4,315	+0.014%	$363.5M	$334.8M	1000x	as long as short
Binance XAUUSDT	+0.0108%	4h	4,314.9	+0.012%	$427.9M	$2.15B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0110%	4h	4,316.3	+0.044%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0110%	4h	4,316.9	+0.058%	$285.9M	$424.4M	100x	as long as short
Extended XAU-USD	+0.0112%	1h	4,310.8	−0.085%	$13.2M	$36.8M	25x	as long as short
edgeX XAUUSDC	+0.0126%	4h	4,311.5	−0.067%	$30.0M	$60.3M	50x	as long as short
Bitget XAUUSDTlong	+0.0190%	4h	4,314.4	long leg	$70.1M	$119.9M	100x
Bullet GOLD-USD	+0.0204%	1h	4,316	+0.037%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0219%	1h	4,314.5	+0.002%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,313	−0.033%	$574K	$138K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0260%	1h	4,314.4	0.000%	$162K	$878K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0269%	8h	4,315.1	+0.016%	$174.9M	$301.7M	100x	as long as short
BloFin XAU-USDT	+0.0348%	4h	4,315.9	+0.034%	$16.6M	$4.9M	100x	as long as short
Phemex XAUUSDT	+0.0418%	4h	4,319.8	+0.124%	$2.2M	$977K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0464% / S −0.0311%	1h	4,315.8	+0.033%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0507%	4h	4,323.7	+0.215%	$3.2M	$6.0M	75x	as long as short
RISEx XAU/USDCshort	+0.0643%	1h	4,315.1	+0.015%	$4.5M	$13.4M	25x