Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0174%/8h= −19.1% APRpaid last 24h −0.046%

Price spread now: StandX against Bitget+0.052%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

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

costs, in and out, $10k−$260.265% of the position

Long on Bitget Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 7 days−0.040%−$4 · spread now +0.052%, 7d avg +0.008%

Together, before fees−0.166%+ Points / potential airdropStandX: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. StandX is 0.044% dearer against Bitget than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of +0.008%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.126% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAUUSDT	4,348.4	0.0214	pay 0.0107% / 4h	1h 12m	$70.2M	$109.5M	100x
Short	StandX XAU-USD	4,350.6	0.0040	get 0.0005% / 1h	12m 29s	$3.8M	$4.6M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$36.54
Price spread: +0.052% → +0.008%: $4.37
Slippage, 4 orders: −$6.47
Fee Bitget: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$58.64
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; StandX: live order book, 2 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, 2 min ago	0.01 bp	6.0 bp −$6	8.0 bp −$80	11.6 bp −$1,164	doesn't fit
Sell StandX live order book, 2 min ago	2.64 bp	7.3 bp −$7	8.1 bp −$81	10.4 bp −$1,040	11.7 bp −$5,858

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	4,350.6	+0.051%	$264.3M	$415.5M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,354.8	+0.149%	$93K	$9.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,346.7	−0.039%	$267K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,349	+0.015%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,345.5	−0.065%	$13.5M	$38.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.048%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0040%	24h	4,348.7	+0.008%	$4.1M	$37.1M	15x	as long as short
StandX XAU-USDshort	+0.0040%	1h	4,350.6	+0.052%	$3.8M	$4.6M	40x
Aster XAUUSD1	+0.0041%	4h	4,349.4	+0.025%	$70.6M	$334.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.2	+0.778%	—	$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	4,347.3	−0.024%	$5.7M	$2.0M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,347.7	−0.015%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,346	−0.054%	$293.8M	$48.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.2	−0.073%	$15.1M	$56.8M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0054%	4h	4,352.8	+0.102%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0055%	4h	4,351.4	+0.071%	$48.5M	$27.9M	—	as long as short
Lighter XAU	+0.0056%	1h	4,347.9	−0.011%	$20.6M	$42.6M	25x	as long as short
Lighter RH XAU	+0.0064%	1h	4,350.4	+0.047%	$20.1M	$39.9M	25x	as long as short
MEXC XAU_USDT	+0.0072%	4h	4,349.3	+0.021%	$372.6M	$319.7M	1000x	as long as short
Binance XAUUSDT	+0.0073%	4h	4,348.8	+0.010%	$410.3M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,349.1	+0.018%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0079%	4h	4,349.3	+0.022%	$30.3M	$58.6M	50x	as long as short
Hotstuff GOLD-PERP	+0.0088%	1h	4,347.6	−0.017%	$33K	—	25x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,349.8	+0.034%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,346.4	−0.045%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,351.1	+0.062%	$275K	$203K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0116%	1h	4,347.6	−0.017%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,350.4	+0.047%	$47K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0164%	1h	4,348.8	+0.010%	$254K	$752K	25x	as long as short
Bullet GOLD-USD	+0.0193%	1h	4,348.7	+0.007%	$60K	$83K	10x	as long as short
Phemex XAUUSDT	+0.0194%	4h	4,354	+0.129%	$2.2M	$1.1M	100x	as long as short
Bybit XAUUSDT	+0.0201%	4h	4,350	+0.038%	$84.4M	$145.3M	150x	as long as short
Bitget XAUUSDTlong	+0.0214%	4h	4,348.4	long leg	$70.2M	$109.5M	100x
OKX XAU-USDT-SWAP	+0.0256%	8h	4,350	+0.038%	$165.3M	$283.0M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,347.8	−0.014%	$593K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0294%	4h	4,350.7	+0.055%	$15.6M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0403% / S −0.0217%	1h	4,350.6	+0.052%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0577%	4h	4,356.1	+0.178%	$2.9M	$4.2M	75x	as long as short
Bluefin GOLD-PERP	+0.0630%	1h	4,344.2	−0.096%	$25K	$14K	20x	as long as short