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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0183%/8h= −20.0% APRnext payment $0.23 per $10,000 · paid last 24h −0.003%
Price spread now: RISEx against Bullet−0.011%48s7-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: −$5 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet GOLD-USD4,348.30.0193pay 0.0024% / 1h2m 34s$60K$83K10x
ShortRISEx XAU/USDC4,347.80.0010get 0.0001% / 1h2m 34s$3.4M$12.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
−$38.36
Price spread: −0.011% → 0.000%
−$1.08
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$53.44
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Bullet: no order-book sample; RISEx: live order book, 2 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 Bullet no order-book sample
Sell RISEx live order book, 2 min ago0.01 bp3.0 bp −$33.1 bp −$3146.6 bp −$4,664doesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XAU-USDT0.0000%4h4,352.3+0.092%$92K$9.1M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,344.4−0.090%$266K250xas long as short
Gate XAU_USDT+0.0004%4h4,349.8+0.035%$264.5M$418.3M100xas long as short
RISEx XAU/USDCshort+0.0010%1h4,347.8−0.011%$3.4M$12.3M25x
Extended XAU-USD+0.0032%1h4,343.7−0.105%$13.4M$38.7M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.049%$619$5452xas long as short
Hotstuff GOLD-PERP+0.0040%1h4,345−0.075%$33K25xas long as short
StandX XAU-USD+0.0040%1h4,345.7−0.059%$3.8M$4.6M40xas long as short
Aster XAUUSD1+0.0041%4h4,348.30.000%$70.9M$334.1M20xas long as short
Kalshi KXGOLDPERP+0.0041%24h4,344.6−0.084%$4.1M$37.1M15xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,380.6+0.744%$1.0M25xas long as short
QFEX GOLD-USD+0.0046%1h4,347.3−0.022%$5.7M$2.0M20xas long as short
Lighter XAU+0.0048%1h4,346.2−0.047%$20.6M$42.7M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,342.1−0.142%$2.0M$4.9M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,345.2−0.071%$293.9M$48.9M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,344.6−0.085%$15.1M$56.8M25xas long as short
Lighter RH XAU+0.0056%1h4,349.1+0.018%$20.1M$39.9M25xas long as short
Variational Omni XAU+0.0057%4h4,346−0.051%$48.5M$27.7Mas long as short
GRVT XAU_USDT_Perp+0.0058%4h4,346.5−0.040%$1.4M$3.0M25xas long as short
MEXC XAU_USDT+0.0074%4h4,347.8−0.011%$371.2M$320.8M1000xas long as short
edgeX XAUUSDC+0.0075%4h4,342.6−0.131%$30.2M$58.6M50xas long as short
Binance XAUUSDT+0.0076%4h4,348−0.007%$411.1M$2.10B100xas long as short
Paradex XAU-USD-PERP+0.0079%8h4,347.7−0.014%$19K$5K5xas long as short
Aevo XAU-PERP+0.0096%1h4,346.5−0.040%$161K$8710xas long as short
Pacifica XAU+0.0100%1h4,344.1−0.096%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,344.1−0.096%$274K$203K50xas long as short
Polymarket Perps GOLD-USD+0.0118%1h4,347.2−0.025%$4.3M$1.9M20xas long as short
Phoenix GOLD+0.0136%1h4,346−0.052%$47K$77K25xas long as short
Bullet GOLD-USDlong+0.0193%1h4,348.3long leg$60K$83K10x
Phemex XAUUSDT+0.0202%4h4,349.6+0.032%$2.2M$1.1M100xas long as short
Bybit XAUUSDT+0.0212%4h4,349.3+0.025%$84.3M$145.4M150xas long as short
Bitget XAUUSDT+0.0218%4h4,348.1−0.004%$70.2M$109.4M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0256%1h4,347−0.029%$268K$767K25xas long as short
OKX XAU-USDT-SWAP+0.0263%8h4,349.4+0.026%$165.4M$283.3M100xas long as short
Kraken Futures PF_XAUUSD+0.0270%1h4,345.2−0.070%$593K$133K25xas long as short
BloFin XAU-USDT+0.0302%4h4,347.9−0.009%$15.7M$4.6M100xas long as short
Bluefin GOLD-PERP+0.0365%1h4,342−0.145%$25K$14K20xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0406% / S −0.0221%1h4,348.30.000%$248K111xas long as short
HTX XAU-USDT+0.0594%4h4,352.4+0.096%$2.9M$4.2M75xas long as short