Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h −0.060%

Price spread now: tradeXYZ against Bitget−0.104%7-day average −0.094% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$300.305% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 7 days+0.064%+$6 · spread now −0.104%, 7d avg −0.094%

Together, before fees−0.026%+ Points / potential airdroptradeXYZ: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.094%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.089%, 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	4,355.4	0	get 0.0000% / 4h	1h 23m	$67.0M	$109.7M	100x
Short	tradeXYZ xyz:GOLD	4,350.9	0.0011	get 0.0001% / 1h	23m 42s	$292.8M	$52.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.104%Rate

Funding earned: $2.36
Price spread: −0.104% → −0.094%: −$1.03
Slippage, 4 orders: −$0.47
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$29.14
Costs to cover: 0.305%
Break-even: 93.6 days

Slippage from Bitget: live order book, 5 min ago; tradeXYZ: live order book, 6 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, 5 min ago	0.01 bp	6.0 bp −$6	7.1 bp −$71	10.7 bp −$1,074	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.12 bp	9.1 bp −$9	9.1 bp −$91	9.1 bp −$915	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
Kraken Futures PF_XAUUSD	−0.0175%	1h	4,352.9	−0.059%	$600K	$141K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,356.3	+0.019%	$71.4M	$234.3M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,355.2	−0.005%	$409.6M	$2.08B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,356.2	+0.018%	$82.6M	$141.2M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,355.2	−0.005%	$3.5M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,356.9	+0.033%	$271.8M	$409.6M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,355.2	−0.006%	$376.8M	$351.8M	1000x	as long as short
Bitget XAUUSDTlong	0.0000%	4h	4,355.4	long leg	$67.0M	$109.7M	100x
Variational Omni XAU	0.0000%	4h	4,354.6	−0.020%	$48.0M	$31.5M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,355.7	+0.006%	$1.4M	$3.2M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	0.0000%	24h	4,352.5	−0.068%	$4.0M	$34.4M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,359.4	+0.092%	$93K	$10.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,351.8	−0.083%	$267K	—	250x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,354.8	−0.015%	$5.6M	$1.7M	20x	as long as short
tradeXYZ xyz:GOLDshort	+0.0011%	1h	4,350.9	−0.104%	$292.8M	$52.9M	25x
edgeX XAUUSDC	+0.0016%	4h	4,350.8	−0.108%	$30.3M	$58.3M	50x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,350.8	−0.107%	$33K	—	25x	as long as short
Lighter XAU	+0.0032%	1h	4,354.3	−0.026%	$21.0M	$44.3M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,356.5	+0.025%	$20.2M	$42.0M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,351.9	−0.081%	$13.0M	$49.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.115%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,355.4	−0.001%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,389.2	+0.775%	—	$1.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,355	−0.010%	$4.3M	$1.7M	20x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,354.9	−0.012%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,351.3	−0.096%	$14.4M	$55.7M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0072%	1h	4,353.6	−0.042%	$221K	$760K	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,354.4	−0.023%	$161K	$87	10x	as long as short
HTX XAU-USDT	+0.0092%	4h	4,358.7	+0.076%	$2.8M	$3.8M	75x	as long as short
Bullet GOLD-USD	+0.0099%	1h	4,355.3	−0.004%	$60K	$85K	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,352.2	−0.074%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,353.3	−0.049%	$273K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,348.5	−0.158%	$26K	$21K	20x	as long as short
Phoenix GOLD	+0.0109%	1h	4,351.8	−0.084%	$48K	$65K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0156%	8h	4,356.3	+0.020%	$158.9M	$267.1M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,352.9	−0.058%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,355.4	−0.002%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0316%	4h	4,358.3	+0.066%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,355.2	−0.006%	$251K	—	111x	as long as short