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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.10 per $10,000 · paid last 24h −0.230%
Price spread now: ApeX Omni against Bluefin+0.078%71s7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.078% dearer against Bluefin than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin GOLD-PERP4,337.50.0016pay 0.0002% / 1h18m 06s$25K$14K20x
ShortApeX Omni XAUUSDT4,340.80.0100get 0.0013% / 1h18m 06s$274K$203K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bluefin. 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

Funding earned
$17.6
Price spread: +0.078% → 0.000%
$7.77
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$8.37
Costs to cover
0.170%
Break-even
3.7 days
Slippage unknown: Bluefin: no order-book sample; ApeX Omni: live order book, 34 min ago. 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 Bluefin no order-book sample
Sell ApeX Omni live order book, 34 min ago3.33 bp15.9 bp −$1630.6 bp −$30641.5 bp −$4,149doesn't fit
Bluefin: 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 39 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
SunX XAU-USDT0.0000%4h4,348.3+0.250%$92K$8.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,339+0.036%$271K250xas long as short
RISEx XAU/USDC+0.0005%1h4,344.1+0.153%$3.8M$12.5M25xas long as short
Bluefin GOLD-PERPlong+0.0016%1h4,337.5long leg$25K$14K20x
Bybit XAUUSDT+0.0029%4h4,343.8+0.146%$79.9M$152.3M150xas long as short
Extended XAU-USD+0.0032%1h4,338.9+0.033%$13.3M$37.2M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.299%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,345.7+0.190%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,343.4+0.137%$5.6M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,376+0.889%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLD+0.0050%1h4,339.6+0.049%$293.6M$49.2M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,341.3+0.088%$15.0M$56.9M25xas long as short
Kalshi KXGOLDPERP+0.0051%24h4,341.3+0.089%$4.3M$37.4M15xas long as short
Lighter XAU+0.0056%1h4,341.8+0.100%$20.7M$34.7M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0056%1h4,340.2+0.063%$2.1M$4.8M25xas long as short
Paradex XAU-USD-PERP+0.0060%8h4,343.7+0.145%$19K$5K5xas long as short
Lighter RH XAU+0.0072%1h4,344.5+0.161%$20.2M$40.1M25xas long as short
Gate XAU_USDT+0.0084%4h4,344.3+0.157%$268.2M$417.9M100xas long as short
Aster XAUUSD1+0.0093%4h4,344.3+0.159%$71.5M$331.8M20xas long as short
Pacifica XAU+0.0100%1h4,340.8+0.077%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDTshort+0.0100%1h4,340.8+0.078%$274K$203K50x
Hotstuff GOLD-PERP+0.0104%1h4,340.9+0.079%$33K25xas long as short
Variational Omni XAU+0.0104%4h4,343.9+0.149%$48.3M$27.5Mas long as short
Aevo XAU-PERP+0.0112%1h4,342.3+0.111%$161K$8710xas long as short
MEXC XAU_USDT+0.0118%4h4,343+0.128%$371.2M$320.7M1000xas long as short
Binance XAUUSDT+0.0119%4h4,343.1+0.129%$418.3M$2.09B100xas long as short
edgeX XAUUSDC+0.0129%4h4,340.2+0.062%$30.2M$58.2M50xas long as short
Phoenix GOLD+0.0136%1h4,340.5+0.070%$47K$77K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0142%1h4,341.4+0.091%$204K$826K25xas long as short
Phemex XAUUSDT+0.0161%4h4,345.6+0.187%$2.2M$967K100xas long as short
GRVT XAU_USDT_Perp+0.0182%4h4,344.6+0.164%$1.4M$2.9M25xas long as short
Bullet GOLD-USD+0.0212%1h4,343.2+0.132%$59K$82K10xas long as short
Polymarket Perps GOLD-USD+0.0212%1h4,342.6+0.119%$4.3M$2.0M20xas long as short
Kraken Futures PF_XAUUSD+0.0259%1h4,339.9+0.055%$592K$132K25xas long as short
Bitget XAUUSDT+0.0268%4h4,343.3+0.135%$71.0M$109.2M100xas long as short
OKX XAU-USDT-SWAP+0.0326%8h4,344+0.151%$167.1M$282.6M100xas long as short
BloFin XAU-USDT+0.0359%4h4,345+0.173%$15.7M$4.4M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0427% / S −0.0252%1h4,343.2+0.132%$250K111xas long as short
HTX XAU-USDT+0.0535%4h4,347.4+0.229%$2.8M$4.6M75xas long as short