Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.242%

Price spread now: Gate against Bluefin+0.131%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bluefin Short on Gate

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.131% dearer against Bluefin than usual: you sell high and buy low (spread +0.131% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin GOLD-PERP	4,344.6	0.0100	pay 0.0013% / 1h	18m 32s	$25K	$14K	20x
Short	Gate XAU_USDT	4,350.3	0	get 0.0000% / 4h	18m 32s	$264.9M	$415.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee BluefinbpFee GatebpOrdersPrice spread, now +0.131%Rate

Funding earned: −$21
Price spread: +0.131% → 0.000%: $13.14
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$29.86
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bluefin: no order-book sample; Gate: live order book, 6 min ago. Net counts fees only.

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 Bluefin no order-book sample	—	—	—	—	—
Sell Gate live order book, 6 min ago	0.01 bp	7.5 bp −$8	8.8 bp −$88	12.7 bp −$1,270	14.2 bp −$7,124

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx XAU/USDC	0.0000%	1h	4,349.3	+0.108%	$3.4M	$12.2M	25x	as long as short
Gate XAU_USDTshort	0.0000%	4h	4,350.3	+0.131%	$264.9M	$415.7M	100x
SunX XAU-USDT	0.0000%	4h	4,355.6	+0.253%	$93K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,347.6	+0.070%	$272K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,347.9	+0.076%	$33K	—	25x	as long as short
Lighter XAU	+0.0032%	1h	4,348.3	+0.086%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,345.8	+0.027%	$13.2M	$38.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.134%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,351	+0.147%	$20.1M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,350.7	+0.140%	$3.8M	$4.5M	40x	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	+0.0041%	1h	4,348.4	+0.087%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,384.6	+0.920%	—	$1.0M	25x	as long as short
Kalshi KXGOLDPERP	+0.0047%	24h	4,350.2	+0.129%	$4.2M	$37.3M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,348.4	+0.087%	$2.0M	$4.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,347.2	+0.060%	$293.9M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.3	+0.015%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0062%	4h	4,350.6	+0.137%	$71.2M	$333.1M	20x	as long as short
Variational Omni XAU	+0.0077%	4h	4,349.2	+0.107%	$48.5M	$28.0M	—	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,349.1	+0.102%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0088%	4h	4,350.6	+0.139%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDT	+0.0090%	4h	4,349.6	+0.114%	$371.9M	$318.7M	1000x	as long as short
Binance XAUUSDT	+0.0090%	4h	4,349.1	+0.103%	$413.4M	$2.09B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,346.6	+0.046%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,346.5	+0.042%	$275K	$203K	50x	as long as short
Bluefin GOLD-PERPlong	+0.0100%	1h	4,344.6	long leg	$25K	$14K	20x
edgeX XAUUSDC	+0.0101%	4h	4,346.3	+0.039%	$30.2M	$58.1M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,351	+0.147%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,347.9	+0.076%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0157%	1h	4,351	+0.147%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,351.3	+0.154%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,348.3	+0.084%	$593K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0207%	4h	4,354.1	+0.219%	$2.2M	$967K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0210%	1h	4,350.1	+0.126%	$206K	$823K	25x	as long as short
Bitget XAUUSDT	+0.0232%	4h	4,349.3	+0.108%	$70.0M	$109.4M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,350.6	+0.137%	$85.3M	$145.1M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0294%	8h	4,350	+0.124%	$165.4M	$282.5M	100x	as long as short
BloFin XAU-USDT	+0.0331%	4h	4,351.1	+0.149%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0417% / S −0.0236%	1h	4,351.4	+0.157%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0624%	4h	4,356.2	+0.266%	$2.9M	$4.3M	75x	as long as short