Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0096%/8h= −10.6% APRpaid last 24h +0.001%

Price spread now: MEXC against Bullet+0.002%7-day average — · you sell dearer than you buy

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

Long on Bullet Short on MEXC

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 days—no price history on both exchanges yet

Together, before fees—needs 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet GOLD-USD	4,353.5	0.0096	pay 0.0012% / 1h	46m 09s	$59K	$84K	10x
Short	MEXC XAU_USDT	4,353.6	0	get 0.0000% / 4h	1h 46m	$374.5M	$349.4M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee BulletbpFee MEXCbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$20.24
Price spread: +0.002% → 0.000%: $0.19
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$32.05
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; MEXC: live order book, 3 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 Bullet no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	0.03 bp	2.0 bp −$2	2.0 bp −$20	4.2 bp −$422	26.3 bp −$13.1K

Bullet: 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
Kraken Futures PF_XAUUSD	−0.0175%	1h	4,351.3	−0.051%	$600K	$160K	25x	as long as short
tradeXYZ xyz:GOLD	−0.0054%	1h	4,348.9	−0.105%	$292.8M	$53.5M	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,353.7	+0.006%	$71.3M	$238.6M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,353.6	+0.002%	$410.4M	$2.09B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,354	+0.012%	$82.5M	$141.8M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,353.4	−0.003%	$3.4M	$12.5M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,354.5	+0.023%	$271.0M	$407.1M	100x	as long as short
MEXC XAU_USDTshort	0.0000%	4h	4,353.6	+0.002%	$374.5M	$349.4M	1000x
Bitget XAUUSDT	0.0000%	4h	4,353.8	+0.007%	$67.3M	$110.9M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,351.3	−0.049%	$47.9M	$32.5M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,352.5	−0.023%	$1.4M	$3.2M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,351.9	−0.036%	$4.0M	$34.1M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,357.4	+0.091%	$93K	$10.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,350.1	−0.078%	$267K	—	10x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,352	−0.034%	$5.5M	$1.9M	20x	as long as short
edgeX XAUUSDC	+0.0014%	4h	4,346.6	−0.159%	$30.3M	$58.2M	50x	as long as short
Lighter XAU	+0.0032%	1h	4,352.3	−0.026%	$20.8M	$43.4M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,354.1	+0.015%	$20.2M	$41.1M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,350.1	−0.079%	$13.0M	$49.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.070%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,353	−0.011%	$3.8M	$4.7M	40x	as long as short
HTX XAU-USDT	+0.0044%	4h	4,356.9	+0.079%	$2.8M	$3.8M	75x	as long as short
Vest GC-PERP	+0.0046%	1h	4,387.5	+0.781%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,348.5	−0.114%	$33K	—	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,351.8	−0.039%	$4.3M	$1.7M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,349.5	−0.091%	$14.4M	$55.4M	25x	as long as short
Paradex XAU-USD-PERP	+0.0051%	8h	4,353.5	0.000%	$19K	$6K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,352.8	−0.015%	$161K	$87	10x	as long as short
Bullet GOLD-USDlong	+0.0096%	1h	4,353.5	long leg	$59K	$84K	10x
Pacifica XAU	+0.0100%	1h	4,350.3	−0.073%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,349.7	−0.087%	$273K	$204K	50x	as long as short
Phoenix GOLD	+0.0109%	1h	4,348.8	−0.107%	$47K	$65K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0141%	1h	4,352.2	−0.029%	$221K	$853K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0164%	8h	4,354.1	+0.014%	$158.6M	$268.1M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,350.8	−0.062%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,353.5	+0.001%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0316%	4h	4,354.1	+0.015%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0246%	1h	4,353.5	0.000%	$251K	—	29x	as long as short
Bluefin GOLD-PERP	+0.0533%	1h	4,347.7	−0.134%	$26K	$21K	20x	as long as short