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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0114%/8h= +12.5% APRnext payment +$0.14 per $10,000 · paid last 24h +0.012%
Price spread now: GMX against Bullet−0.002%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet GOLD-USD4,323.60.0193pay 0.0024% / 1h44m 56s$59K$82K10x
ShortGMX GOLD/USD [ETH-USDC]4,323.5L +0.0463% / S −0.0307%get 0.0038% / 1h44m 56s$252K111x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Bullet. 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
$23.95
Price spread: −0.002% → 0.000%
−$0.23
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
$3.71
Costs to cover
0.200%
Break-even
5.9 days
Slippage unknown: Bullet: no order-book sample; GMX: no order-book sample. 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 Bullet no order-book sample
Sell GMX no order-book sample
Bullet and GMX: 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
Bluefin GOLD-PERP−0.0110%1h4,317−0.153%$25K$14K20xas long as short
Hotstuff GOLD-PERP0.0000%1h4,318.6−0.116%$32K25xas long as short
SunX XAU-USDT0.0000%4h4,327+0.078%$92K$7.9M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,320−0.085%$270K250xas long as short
Bybit XAUUSDT+0.0009%4h4,324.1+0.012%$77.4M$156.8M150xas long as short
Extended XAU-USD+0.0032%1h4,320−0.084%$13.2M$36.6M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.619%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,323.3−0.008%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,321−0.061%$5.4M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,355.4+0.735%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLD+0.0050%1h4,320.3−0.077%$291.5M$51.7M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,317.5−0.142%$15.0M$55.7M25xas long as short
Lighter XAU+0.0056%1h4,323−0.014%$20.3M$30.3M25xas long as short
Kalshi KXGOLDPERP+0.0071%24h4,324.8+0.027%$3.9M$43.3M15xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,319.7−0.091%$2.1M$4.9M25xas long as short
Paradex XAU-USD-PERP+0.0074%8h4,322.2−0.033%$19K$5K5xas long as short
Aster XAUUSD1+0.0078%4h4,325+0.032%$72.5M$306.3M20xas long as short
GRVT XAU_USDT_Perp+0.0084%4h4,319.7−0.091%$1.4M$3.0M25xas long as short
Gate XAU_USDT+0.0086%4h4,325.8+0.051%$282.2M$412.4M100xas long as short
Variational Omni XAU+0.0095%4h4,320.7−0.067%$47.3M$29.2Mas long as short
Lighter RH XAU+0.0096%1h4,325.3+0.037%$19.8M$38.5M25xas long as short
Phoenix GOLD+0.0100%1h4,319.8−0.089%$47K$79K25xas long as short
Pacifica XAU+0.0100%1h4,318.5−0.119%$1.4M$1.2M10xas long as short
MEXC XAU_USDT+0.0100%4h4,323.4−0.005%$362.6M$327.6M1000xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,317.3−0.146%$272K$208K50xas long as short
Binance XAUUSDT+0.0102%4h4,323.3−0.008%$415.3M$2.14B100xas long as short
Aevo XAU-PERP+0.0104%1h4,322.4−0.028%$160K$8710xas long as short
edgeX XAUUSDC+0.0117%4h4,316.5−0.166%$30.0M$61.3M50xas long as short
Kraken Futures PF_XAUUSD+0.0153%1h4,320.7−0.068%$587K$131K25xas long as short
RISEx XAU/USDC+0.0184%1h4,324.9+0.028%$4.2M$12.8M25xas long as short
Bullet GOLD-USDlong+0.0193%1h4,323.6long leg$59K$82K10x
Polymarket Perps GOLD-USD+0.0216%1h4,323.6−0.001%$4.2M$1.9M20xas long as short
HTX XAU-USDT+0.0220%4h4,326+0.054%$2.8M$4.9M75xas long as short
Bitget XAUUSDT+0.0236%4h4,323.6−0.001%$68.1M$119.3M100xas long as short
OKX XAU-USDT-SWAP+0.0314%8h4,324.2+0.013%$170.4M$297.3M100xas long as short
BloFin XAU-USDT+0.0342%4h4,323.3−0.009%$16.1M$4.6M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0352%1h4,323.3−0.008%$192K$831K25xas long as short
Phemex XAUUSDT+0.0396%4h4,324.3+0.016%$2.2M$962K100xas long as short
GMX GOLD/USD [ETH-USDC]shortL +0.0463% / S −0.0307%1h4,323.5−0.002%$252K111x